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For more than a quarter century, SEDF has occupied a unique place in the impact investment world. Free from the requirements of external and commercial investors, SEDF can lean into areas of market and political risk in exchange for impact across regions and themes in support of democracy and open society.
SEDF also leverages the expertise and reach of the Open Society Foundations’ programmatic grant-making, policy, and advocacy efforts, and multiple grades of investment capital—to bring a full suite of resources to bear on a particular issue. SEDF works closely with external partners across the nonprofit, public, and private sectors to strengthen individual investments and support Open Society’s larger mission and vision.
Deployed as of January 2024:
$400M+
Invested in fragile, frontier, and emerging market countries:
92%
Countries we’ve invested in:
54
Investments
Browse our current holdings, which reflect both current and historic investment themes.
Investments List
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Geography: AfricaAmount: $7.5MDate: 2019
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The Acumen Resilient Agriculture Fund is a $58M+ fund that invests in early-growth stage innovative agribusinesses that enhance incomes, reduce volatility, and improve the livelihoods of smallholder farmers.View websiteSize $7.5MType FundGeography AfricaDate 2019 -
Geography: AfricaAmount: $15MDate: 2025
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Acumen’s Hardest-to-Reach Initiative is a blended finance vehicle focused on closing the clean energy gap in sub-Saharan Africa and driving inclusive, sustainable development.View websiteSize $15MType FundGeography AfricaDate 2025 -
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AIF is a pioneering gender-lens fund that invests in women-owned, women-led or women-servicing companies to empower women across the formal and informal sectors and shift voice and economic benefit towards them.View websiteTheme Gender EquitySize $10MType FundGeography AfricaDate 2020 -
Geography: AfricaAmount: $10MDate: 2025Alliance for Green Infrastructure in Africa (AGIA) is an Africa-led blended finance platform working to catalyze transformative green infrastructure projects that drive inclusive, sustainable development across the continent.View websiteSize $10MType FundGeography AfricaDate 2025
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Geography: AfricaAmount: $10MDate: 2019
![Cepheus Logo]()
Cepheus makes growth capital minority equity investments into Ethiopian manufacturing, agro-processing, and education and healthcare services.View websiteSize $10MType FundGeography AfricaDate 2019 -
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Delta40 is a venture capital fund and venture studio focused on scaling breakthrough innovations that advance climate resilience, economic inclusion, and sustainable development across Africa.View websiteSize $1MType FundGeography AfricaDate 2025 -
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Global Access Health is a UK company limited by guarantee (non-profit), engaged in the development of rapid lateral flow diagnostic tests with a focus on neglected and tropical diseases.View websiteTheme Health EquitySize $17MType DirectGeography AfricaDate 2021 -
Geography: AfricaAmount: $10MDate: 2025
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The Helios Clear Fund is Africa’s first dedicated private equity fund focused on climate mitigation, adaptation, and inclusive economic development.View websiteSize $10MType FundGeography AfricaDate 2025 -
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Hewatele supports improved access to medical oxygen for hospitals and clinics in Kenya.View websiteTheme Health EquitySize $4MType DirectGeography AfricaDate 2023 -
Geography: AfricaAmount: $2.2MDate: 2018
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IPDEV II is a €21.2 platform managed by Investisseurs & Partenaires and established to create and seed national investment vehicles in Africa to support and invest in local SMEs.View websiteSize $2.2MType FundGeography AfricaDate 2018 -
Geography: AfricaAmount: $4.4MDate: 2019
![Yield Uganda Logo]()
Yield Uganda Fund invests in agribusinesses that benefit smallholder farmers in Uganda.View websiteSize $4.4MType FundGeography AfricaDate 2019 -
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The Persistent Africa Climate Venture Fund invests in African businesses that help communities and ecosystems address climate change mitigation and transition.View websiteSize $7MType FundGeography AfricaDate 2025 -
Geography: AsiaAmount: $85MDate: 2013
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Aspada is an $85M fund that invests in SMEs that benefit low-income people and smallholder farmers in India.View websiteSize $85MType FundGeography AsiaDate 2013 -
SONG Investment Company
Geography: AsiaAmount: $6MDate: 2008Song, now managed by Aspada, was established as a $17M fund in 2008 by SEDF, Google.org, and Omidyar Foundation to invest in SMEs in India.Size $6MType FundGeography AsiaDate 2008 -
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Pluralis invests in independent European media companies. It is backed by a consortium of European media outlets, foundations and impact investors committed to a pluralistic media landscape.Theme Independent MediaSize $10.75MGeography EuropeDate 2021
