Insitor Seed Fund SCA
Last updated 11 May 2020, by Impactyield.
Emerging countries (256) / Asia (67) / South-Eastern Asia (21)
Insitor Seed Fund is a social venture capital fund that provides funding to social enterprises in emerging and frontier markets. Investees are early stage companies that have the potential to improve the lives of low-income families in emerging and frontier countries.
Geographic focus is Developing Asia, where nearly 2 billion people have limited or no access to clean water, quality food, secure shelters, affordable healthcare, efficient infrastructures, or comprehensive financial services.
The Fund has invested in eleven early-stage social businesses with operations in Cambodia, Laos, Vietnam, and India through a mix of equity, mezzanine, and straight debt. Sectors included healthcare, education, energy, affordable housing, water and sanitation, and income-generating activities.
Size and type of individual investments: investments are made in the form of equity, mezzanine, and/or debt to provide maximum flexibility in meeting the company’s needs. The Fund invests USD 250K – 2M as a unique investor, co-investor, or in syndication.
Stage: the Fund concentrats on early stage businesses that require financial and hands-on management support to grow to a scale attractive to local and international investors.
Continuing support: the Fund provides portfolio companies with the management support and capital they need to bring business processes, human resources, structures, or technologies to market standards, and to assist them in achieving their social and financial objectives. In most cases the Fund contributes its expertise through playing active board and coaching roles and provides continuing support to the management team.
of track record
the year funded
Headquarters location: Cambodia
Other funds managed by this asset manager: Insitor Poverty Alleviation FundInsitor Energy Access Fund
Equal rights to ownership basic services technology and economic resources
Safe and affordable housing
Universal access to sexual and reproductive care, family planning and education
Free primary and secondary education
Safe and affordable drinking water
Universal access to modern energy
Key performance indicators
Asset manager: Insitor Management
Product track record: Fund has 14 years of track record
Target IRR: 5%
Committed Capital: 0 USD (US Dollar)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - committed capital
Style/Stage: Early Stage, Seed Stage
Inception year: 2009
Vintage year: 2010
Target region: Asia, Emerging countries, South-Eastern Asia
Target close date: n.a.
Product term: 10 years
Assets under management: n.a.
Investment size: Min: 250,000; Max: 2,000,000; Avg: 500,000
Co-investment policy: LPs do not have priority, With LPs and non-LPs
Currency of investments: EUR (Euro)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 11
Fund investments to date exited or repaid: 3
Management fee: 3.5%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Other Institutional Investors
Phone number: +855 77 764399
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The demographic and economic growth in Developing Asia has created a low-income group that is driving a vast and increasing demand for essential products and services that the public sector finds challenging to meet.
Nearly 2 billion Asians have limited to no access to clean water, quality food, secure shelters, affordable healthcare, efficient infrastructures, or comprehensive financial services. While the aid community has been focusing on meeting the needs of the most vulnerable segments of the population, a much larger low-income working group has remained underserved.
A new generation of privately owned companies that is entering the market to serve the unmet demand faces limited financing sources. This is more so for early stage ventures that face constraints in raising first rounds of finance. Funding is more available for later stages. The region presents a unique opportunity to achieve an attractive combination of social and financial returns by seeding high quality social businesses and growing them to a larger scale and higher profile.
By selecting and supporting pioneering companies whose success will spur the creation of new markets and industries, the Fund is expected to create a multiplier effect on the its initial investment.