Gray Ghost Ventures

Gray Ghost Ventures is an impact investment firm founded in 2003 and based in Georgia. They specialize in providing market-based capital solutions to entrepreneurs in emerging markets who are addressing the needs of low-income communities. GGV focuses on areas such as microfinance, social venture investment, and affordable private schools. Their investments primarily target early-stage ventures that aim to improve the lives of underserved populations through Information and Communications Technologies (ICT), Clean Tech, and other proven technologies.

Brian Cayce

Vice President, Investments

Arun Gore

President and Chief Executive Officer

Jennifer McReynolds

Investor Relations Manager

Ashwini Sahasrabudhe

Chief Financial Officer

9 past transactions

Kadmus Pharmaceuticals

Series A in 2004
Kadmus Pharmaceuticals, Inc., a biopharmaceutical company, commercially exploits endocannabinoid pathways to develop therapeutics. Endocannabinoids are naturally occurring signaling molecules, whose functions include regulating mood, pain, and metabolism. It offers a portfolio of compounds with activity against a range of disorders targeting CNS conditions, metabolic disorders, neuropathic pain, and obesity. The company develops products for various conditions through the inhibition of endocannabinoid degradation and activation of endocannabinoid related pathways and peripheral cannabinoid receptors. It operates in the United States, Canada, and Europe. Kadmus Pharmaceuticals, Inc. was founded in 1998 and is based in Irvine, California.

Babajob

Series A in 2012
Babajob.com is job website and mobile portal dedicated to connecting informal sector workers - cooks, maids, drivers, guards, etc.- and employers to India. Babajob's vision is to make the informal labor market efficient by aggregating 100,000s of jobs and millions of job seekers, appropriately matching job posts and job seekers based on proximity, price and social connections and then pushing these matched connections to both parties via the web and mobiles (voice, SMS, UssD, etc).

d.light

Series C in 2014
d.light design inc. designs, manufactures, distributes, and sells solar light and power products for households and small businesses worldwide. The company solar lanterns, home systems, and appliances. It serves customers through a network of importers, distributors, and retailers, as well as online. The company was founded in 2004 and is based in Palo Alto, California with additional offices in Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

Oxxon Therapeutics

Venture Round in 2003
Oxxon Therapeutics™ (Oxxon) is a company developing the next generation of innovative antigen-specific immunotherapies to treat patients with chronic infectious diseases and cancer. To date, the company has built an initial pipeline through its patented Hi-8™ PrimeBoost immunotherapy platform, an approach that allows the rapid development of products to selectively stimulate and enhance potent immune responses against disease. The company has successfully completed phase II clinical programmes in melanoma and hepatitis B and has a third development programme underway in HIV. In addition, the company intends to leverage its enabling platform through partnerships with companies developing therapeutic and preventative vaccine products.

PayLatr

Seed Round in 2017
PayLatr is a recurring micro-credit mobile platform offering interest-free monthly credits to low-income households in India to easily pay for retail transactions without cash, credit cards or other pre-paid means. On average, a middle-income household in India spends about 7,000 – 9,000 rupees at any neighborhood store. More than 95 percent of transactions are in cash because most stores do not accept cards and/or users do not have credit cards. Often, households experience cash crunch issues by using up most of their cash for grocery shopping. PayLatr offers monthly credit to improve their household cash flow by providing recurring monthly credit lines at various merchants, via mobile money.

Atikus

Venture Round in 2016
Atikus Investments Incorporated offers credit insurance on loans for micro, small, and medium sized enterprises. Through its product J.E.M. Guard, the company focuses on increasing the proportion of loans granted to women and underserved demographics. Additionally, it provides LoanSkout, which is a mobile loan origination and administration application and FINCH, which is its SMS-enabled outreach tool. The company was incorporated in 2013 and is based in New York, New York with a location in Kigali, Rwanda.

PharmaSecure

Series A in 2011
PharmaSecure Inc. provides anti-counterfeiting, identification, and brand protection solutions for pharmaceutical companies in the United States and internationally. It offers brand protection, patient engagement and insights, regulatory serialization, and market intelligence solutions for pharma manufacturers. The company provides psConnect solution, a patient engagement and disease management platform. It also offers brand protection, consumer loyalty and engagement, and market intelligence solutions to various sectors, such as consumer goods/FMCG that includes home and personal care, foods and beverages, liquor, and tobacco verticals; consumer durables; luxury goods; agriculture products and fertilizers; lubricants, building materials, and industrial chemicals; and auto-components and spare parts, and others. The company was founded in 2007 and is based in New York, New York. It has a subsidiary operation in India.

Scion Pharmaceuticals

Series B in 2002
Scion Pharmaceuticals is a Biotechnology company.

Life City

Grant in 2011
LifeCity is a membership-based organization that supports the development of green businesses, while educating consumers about green products and services.