Blue Haven Initiative

Blue Haven Initiative is a Cambridge-based family office established in 2012 that focuses on making impactful investments in various asset classes, including private equity, venture capital, public equities, and fixed income. The firm specializes in early-stage companies and targets innovative sectors such as renewable energy, green real estate, financial services, fintech, waste management, agriculture, and logistics. By investing at least $0.5 million, Blue Haven Initiative aims to drive positive change in emerging and pioneer markets globally while also working with third-party investment managers. The firm emphasizes the importance of communicating its investment story to inspire others to engage in similar impactful initiatives.

Hari Joy

Senior Associate

Jonathan Kirschner

Managing Director

Laura Santucci

Managing Director

Ian Simmons

Principal

21 past transactions

M-Kopa

Private Equity Round in 2023
M-Kopa Kenya Limited is a leading provider of solar home systems, specializing in pay-as-you-go energy services for off-grid customers. Founded in 2011 and based in Nairobi, Kenya, M-Kopa began commercial operations in 2012 and has since expanded its reach to Uganda and Tanzania. The company offers a range of solar products, including systems that provide lighting, phone charging, and solar-powered radios, which are sold through over 1,000 retail agents and shops. M-Kopa utilizes a proprietary technology platform that integrates mobile payments and IoT connectivity, allowing customers without credit histories to access essential products and services. With a dedicated team of over 500 staff, the company is committed to delivering innovative solutions that meet the needs of underserved communities, continually improving its offerings through data-driven insights and customer relationship management.

BlueMark

Series A in 2023
BlueMark engages in providing independent impact verification services for investors and companies. It focuses on strengthening trust in impact investing and helps bring more accountability to the impact investment process. The company was founded in 2020 with a belief that impact verification is a key ingredient for establishing and maintaining trust between impact investors and their stakeholders.

TIBU Health

Seed Round in 2021
TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.

Field

Series A in 2020
Field Intelligence, Inc. provides a cloud based application to monitor, manage, and monetize asset ecosystem in real time. The company was founded in 2010 and is based in San Diego, California. As of July 24, 2019, Field Intelligence, Inc. operates as a subsidiary of Network Innovations Inc.

PEG

Series C in 2019
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

Yusudi

Grant in 2019
Yusudi LTD is a social enterprise based in Nairobi, Kenya, founded in 2016, that aims to enhance the career prospects of youth by providing high-quality training programs. The organization focuses on developing essential business skills, including self-management, decision-making, critical thinking, emotional intelligence, networking, and business communication. Yusudi offers a comprehensive full-time practical program that combines hands-on training with experiential workshops, equipping participants with the necessary tools to thrive in their careers. In addition to serving youth, Yusudi collaborates with small and medium-sized enterprises (SMEs) and corporate organizations, supplying them with trained interns to foster mutual growth.

Shortlist

Series A in 2019
Shortlist Professional Services Private Limited is an online recruitment platform founded in 2015 and headquartered in Mumbai, India. The company operates primarily in India and East Africa, focusing on helping growing enterprises hire candidates for junior to mid-level roles based on skills and potential, rather than traditional qualifications. To facilitate this, Shortlist utilizes predictive chat-based interviews and online competency assessments, which streamline the hiring process by allowing employers to bypass the most time-consuming and bias-prone phases. This innovative approach enables businesses to more effectively source candidates from local markets, enhancing the recruitment experience for both employers and job seekers.

PEG

Series B in 2017
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

Twiga Foods

Series A in 2017
Twiga Foods Ltd. is a mobile-based supply platform that connects farmers and vendors in Africa's retail sector. Founded in 2013 and headquartered in Nairobi, Kenya, the company serves small and medium-sized retail outlets, kiosks, and market stalls by enabling them to order a variety of fresh produce, including bananas, pineapples, and tomatoes, through a cashless business-to-business platform. By bridging the gap between farmers and vendors, Twiga Foods aims to enhance access to quality food at competitive prices, thereby improving profit margins for both parties. The platform facilitates efficient distribution, making it easier for vendors to stock their businesses with necessary supplies while supporting local agriculture.

PEG

Series A in 2016
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

PEG

Series A in 2016
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

Umati Capital

Series A in 2015
Umati Capital (Kenya) Limited is a non-bank financial institution established in 2012 and headquartered in Nairobi, Kenya. The company specializes in providing innovative financial solutions, particularly credit and payment technologies, to sectors such as agri-business supply chains, retailer value chains, and fast-moving consumer goods manufacturers. It aims to enhance access to finance for small-scale suppliers, trading companies, and industrial processors through its proprietary technology and branchless financial services. Additionally, Umati Capital offers a lending platform that includes invoice discounting and other working capital solutions tailored for small and medium-sized enterprises in East Africa, enabling them to secure necessary funding for growth.

M-Kopa

Series D in 2015
M-Kopa Kenya Limited is a leading provider of solar home systems, specializing in pay-as-you-go energy services for off-grid customers. Founded in 2011 and based in Nairobi, Kenya, M-Kopa began commercial operations in 2012 and has since expanded its reach to Uganda and Tanzania. The company offers a range of solar products, including systems that provide lighting, phone charging, and solar-powered radios, which are sold through over 1,000 retail agents and shops. M-Kopa utilizes a proprietary technology platform that integrates mobile payments and IoT connectivity, allowing customers without credit histories to access essential products and services. With a dedicated team of over 500 staff, the company is committed to delivering innovative solutions that meet the needs of underserved communities, continually improving its offerings through data-driven insights and customer relationship management.

SmartProcure

Series B in 2014
SmartProcure, LLC is a company based in Deerfield Beach, Florida, founded in 2011, that specializes in providing a comprehensive database of government purchase orders across the United States. By aggregating purchasing data from local, state, and federal agencies, SmartProcure enhances the procurement process for both government agencies and vendors. It allows agencies to access historical purchase order information, enabling them to secure better pricing and optimize their purchasing strategies. For vendors, SmartProcure offers insights into demand and pricing trends, facilitating informed decision-making. The company's web-based solution features powerful analytic and reporting tools, making it easier for users to navigate and analyze an extensive collection of government purchasing information. Through its platform, SmartProcure fosters a collaborative environment that enhances efficiency in government procurement.

PaxVax

Series B in 2014
PaxVax Corporation focuses on the research, development, manufacturing, and commercialization of vaccines targeting various infectious diseases. The company has developed a range of products, including a single-dose oral cholera vaccine (PXVX0200), a typhoid fever vaccine (Vivotif), and a hepatitis A vaccine (Epaxal). Additionally, PaxVax is advancing oral vaccine candidates for avian influenza, anthrax, and components for HIV vaccines, while also researching vaccines for malaria, dengue, rabies, and herpes simplex virus. By utilizing a proprietary adenoviral-based technology, PaxVax aims to overcome the limitations of traditional injectable vaccines, such as cold storage requirements and the need for medical personnel for administration. Founded in 2006 and headquartered in Redwood City, California, the company also has facilities in San Diego and Switzerland. PaxVax offers its vaccines for travelers and biodefense both in the United States and internationally, operating as a subsidiary of Emergent BioSolutions, Inc.

Pivot Works

Series B in 2014
Pivot Works is a city-scale treatment solution that converts human waste into renewable fuel. By creating fuel from waste and selling to industrial customers like cement companies, Pivot Works shifts the cost burden of sanitation away from poor urban citizens. Pivot Works was founded by Ashley Muspratt and is based in Kigali, Rwanda.

CleanChoice Energy

Series A in 2014
CleanChoice Energy, Inc. sources and supplies renewable energy to residential and commercial customers in Delaware, Illinois, Maryland, Massachusetts, New York, Ohio, Pennsylvania, and Washington, D.C. The company sources energy from wind and solar farms. Its product offers features, such as no changes in utility, regionally sourced, cancellation at any time, and nothing to install. CleanChoice Energy, Inc. was formerly known as Ethical Electric, Inc. and changed its name to CleanChoice Energy, Inc. in October 2016. The company was founded in 2011 and is based in Washington, District Of Columbia with an additional office in New York, New York.

PaxVax

Series B in 2013
PaxVax Corporation focuses on the research, development, manufacturing, and commercialization of vaccines targeting various infectious diseases. The company has developed a range of products, including a single-dose oral cholera vaccine (PXVX0200), a typhoid fever vaccine (Vivotif), and a hepatitis A vaccine (Epaxal). Additionally, PaxVax is advancing oral vaccine candidates for avian influenza, anthrax, and components for HIV vaccines, while also researching vaccines for malaria, dengue, rabies, and herpes simplex virus. By utilizing a proprietary adenoviral-based technology, PaxVax aims to overcome the limitations of traditional injectable vaccines, such as cold storage requirements and the need for medical personnel for administration. Founded in 2006 and headquartered in Redwood City, California, the company also has facilities in San Diego and Switzerland. PaxVax offers its vaccines for travelers and biodefense both in the United States and internationally, operating as a subsidiary of Emergent BioSolutions, Inc.

EcoPost

Seed Round in 2013
EcoPost Limited, founded in 2009 and based in Nairobi, Kenya, specializes in the manufacture of plastic lumber products derived from recycled plastic waste. The company focuses on creating aesthetically pleasing and durable fencing posts, along with additional products such as roof tiles and road signposts. EcoPost's offerings are designed for various applications, including fencing, cattle enclosures, playgrounds, and landscaping. By providing an environmentally friendly alternative to timber, EcoPost addresses significant issues such as deforestation, climate change, and rural poverty while promoting effective waste management solutions. The company's commitment to sustainability also contributes to job creation within the community.

Mosaic

Series B in 2013
Mosaic, based in Oakland, California, provides financing solutions for residential solar energy systems and home improvement projects. Founded in 2009, the company enables homeowners to invest in solar energy generation and storage while also offering financing options for contractors to acquire professional tools. Mosaic's user-friendly platform allows solar and home improvement professionals to facilitate financing through a streamlined point-of-sale application, enhancing the experience for both contractors and homeowners. The company's mission emphasizes promoting clean energy and shared prosperity, aiming to help individuals invest in sustainable solutions for their homes and contribute to a cleaner planet.

Pivot Works

Series A in 2012
Pivot Works is a city-scale treatment solution that converts human waste into renewable fuel. By creating fuel from waste and selling to industrial customers like cement companies, Pivot Works shifts the cost burden of sanitation away from poor urban citizens. Pivot Works was founded by Ashley Muspratt and is based in Kigali, Rwanda.
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