GM
Gray Matters Capital
Venture CapitalActiveGray Matters Capital, an impact investing enterprise, funds business models that benefit underserved populations in developing countries.
21
Investments
3
Exits
$150M
AUM
14.3%
Exit Rate
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Investment Thesis & Strategy
Gray Matters Capital invests in various stages of companies with business models that benefit underserved populations in developing countries.
Investment Activity
Deals per year over the last 10 years
2
20120
20131
20142
20151
20161
20171
20180
20191
20201
2021Portfolio Companies
Selected investments from their portfolio of 21 companies
P
PlanetSpark
EdTech · Series A, 2021
U
Udayy
EdTech · Seed, 2020
A
Avanti Finance
Fintech · Series A, 2018
L
Lead School
EdTech · Series B, 2017
C
Cuemath
EdTech · Series B, 2016
T
Toppr
EdTech · Series B, 2015
V
Varthana
Fintech · Series A, 2015
i
iSchool
EdTech · Growth, 2014
B
Bridge International Academies
EdTech · Series B, 2012
H
Hippocampus Learning Centres
EdTech · Growth, 2012
Notable Exits
CompanyTypeYearValue / Acquirer
Bridge International AcademiesAcquisition2023—
VarthanaAcquisition2023—
Lead SchoolAcquisition2023—
Frequently Asked Questions
Gray Matters Capital focuses on Series A, Series B, Series C+ stage investments.