Soros Economic Development Fund

Soros Economic Development Fund is an economic development agency headquartered in New York City, established in 1997. The agency is dedicated to fostering economic growth in post-conflict countries and nations transitioning to democracy. It focuses on investments that enhance access to financial products and services for underserved populations, with particular emphasis on financial services, agribusiness, and logistics. The agency aims to support micro, small, and medium enterprises, facilitating their growth and sustainability. Operating as a subsidiary of the Open Society Foundation, the Soros Economic Development Fund plays a pivotal role in promoting economic empowerment and inclusion in challenging environments.

Georgia Keohane

CEO

7 past transactions

Hewatele

Venture Round in 2024
Hewatele is a social enterprise dedicated to improving healthcare accessibility in remote African regions. It specializes in providing affordable, high-quality medical oxygen supplies to public and private hospitals, as well as needy patients. By doing so, Hewatele aims to reduce delays in emergency healthcare access, particularly for critical situations requiring immediate oxygen intervention.

Hewatele

Venture Round in 2023
Hewatele is a social enterprise dedicated to improving healthcare accessibility in remote African regions. It specializes in providing affordable, high-quality medical oxygen supplies to public and private hospitals, as well as needy patients. By doing so, Hewatele aims to reduce delays in emergency healthcare access, particularly for critical situations requiring immediate oxygen intervention.

Symplifica

Series A in 2022
Symplifica is a software startup focused on providing management services for domestic workers and nannies. The company offers a platform that simplifies the hiring process and payroll management for employers, facilitating tasks such as contract generation, monthly payroll calculations, and ongoing contract management. By automating these processes, Symplifica ensures that employers comply with labor regulations while also supporting domestic workers in obtaining fair working conditions and access to legal benefits. Its membership service includes features like a digital folder for document storage and alerts for employment-related tasks, enhancing the overall experience for both employers and domestic employees.

Univercells

Series C in 2020
Univercells is a company specializing in high-density, low-cost biomanufacturing solutions aimed at enhancing the production of biologics, including antibodies, proteins, and vaccines. The company leverages innovative engineering and proprietary technologies, such as single-use systems and continuous process intensification, to significantly reduce capital investments by over 75% and the cost of goods by up to 90%. Univercells offers a range of services, including scale-X hydro, scale-X carbo, and NevoLine, which support both research and development and commercial-scale production of biologics. Additionally, the company provides integrated services like equipment confirmation, capacity and facility design, and bioprocess excellence, facilitating the scalability of cell and gene therapy manufacturers from clinical trials to commercial manufacturing. Through its commitment to making biologics more accessible and affordable, Univercells addresses critical global health challenges.

EM3 AgriServices

Series B in 2017
EM3 AgriServices Pvt. Ltd., established in 2013 and headquartered in Noida, India, specializes in providing comprehensive on-farm services aimed at enhancing agricultural productivity for Indian farmers. As one of the pioneering private sector initiatives in the realm of farm mechanization and technology services, the company addresses the entire cultivation cycle. EM3 is focused on developing a diverse range of service lines with the long-term objective of becoming a full-stack marketplace that enables small farmers to access various essential agricultural inputs and services.

DSM Corridor Group

Venture Round in 2013
DSM Corridor Group Ltd. is a specialized operator of a dry bulk terminal located in the Port of Dar es Salaam, Tanzania. Established in 2004, the company provides a comprehensive range of cargo handling services, including ship discharging, loading, and lightering operations, as well as bulk handling of various non-liquid commodities. Its offerings encompass consulting services, container stuffing and de-stuffing, and the management of difficult and hazardous cargoes. Additionally, the company supplies clearing and forwarding services for agricultural and mining products, and it leases port handling equipment such as weigh bridges and forklifts. DSM Corridor Group also designs, manufactures, and sells bulk handling equipment tailored to specific needs. Furthermore, the company engages in ships chandelling services, supplying essential materials and equipment to vessels. It handles an array of commodities, including dry bulk, metals, ores, cereals, fertilizers, and chemicals, catering to the logistics and warehousing demands of diverse clients within the shipping and material handling sectors.

SiddhiVinayak Agri Processing

Series A in 2011
Siddhivinayak Agri Processing Pvt Ltd. is a Pune-based company specializing in potato supply chain management. Established in 2008, it focuses on providing comprehensive services to farmers and food processors, including agricultural inputs, seeds, and process-grade potatoes. The company also offers a range of pre and post-harvest services, such as consulting for plant audits and process design. In addition to these services, Siddhivinayak Agri Processing operates cold storage facilities equipped with advanced ventilation and control systems, and provides water treatment solutions like zero liquid discharge plants and effluent treatment systems. The company manufactures processing equipment for various applications, including flavoring, seasoning, and potato chip production. By catering to the food supply chain and processing sectors, Siddhivinayak Agri Processing aims to enhance efficiency and productivity within the agricultural landscape in India.
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