Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II
- Aruwa Capital Management secured $35 million for its second fund, Aruwa Capital Fund II.
- The firm is targeting a final close of $50 million, with a hard cap of $60 million.
- Notable returning backers include the Mastercard Foundation Africa Growth Fund and Visa Foundation.
Aruwa Capital's approach to gender-lens investing not only addresses the funding gap faced by female entrepreneurs but also demonstrates that socially responsible investment strategies can yield substantial financial returns. This model could serve as a blueprint for other investment firms looking to balance profitability with social impact, particularly in emerging markets.
