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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:
60+
Investments
Browse our current holdings, which reflect both current and historic investment themes.
Investments List
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Geography: United StatesAmount: $7.5MDate: 2019
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Community Loan Fund is a Community Development Financial Institution providing capital and technical assistance to finance affordable housing, local businesses, and nonprofit and child care facilities in New Hampshire.View websiteSize $7.5MType FundGeography United StatesDate 2019 -
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: GlobalAmount: $3MDate: 2021
![Kiva Logo]()
Kiva Refugee Investment Fund provides senior unsecured loans to Kiva MFI Partners that work closely with displaced populations, with an initial focus on the Middle East and Latin America.View websiteSize $3MType FundGeography GlobalDate 2021 -
Geography: GlobalAmount: $7MDate: 2009
![Leapfrog Logo]()
LeapFrog is a $134.9M fund that invests in businesses that offer affordable financial products and services to people in low‐income communities, with a primary focus on micro insurance.View websiteSize $7MType FundGeography GlobalDate 2009 -
Geography: Middle East and North AfricaAmount: $8.5MDate: 2018
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Nomou was established in 2014 to support economic opportunities in Jordan for Syrian refugees, migrants, and host communities.View websiteSize $8.5MType FundGeography Middle East and North AfricaDate 2018 -
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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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 -
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Symplifica operates a tech platform that offers domestic workers and their employers an integrated solution for managing payroll, social security, benefits, and other legal employment requirements.View websiteTheme Gender EquitySize $2.45MType DirectGeography Latin America and the CaribbeanDate 2021 -
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Women’s World Banking invests in female-focused financial services companies in emerging markets, aimed at advancing gender participation at all levels.View websiteTheme Gender EquitySize $5MType FundGeography GlobalDate 2020 -
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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 -
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This innovative SEDF guarantee was designed to facilitate the distribution of more than 100 million COVID vaccines to 92 of the world’s lowest-income countries.View websiteTheme Health EquitySize $100MType GuaranteeGeography GlobalDate 2022 -
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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 -
This investment will make it easier and more affordable for communities in the United States to access naloxone and contribute to the prevention of overdose-related deaths.View websiteTheme Health EquitySize $1MType DirectGeography United StatesDate 2023
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Univercells is a biomanufacturing infrastructure and services company focused on increasing the availability of affordable biologics.View websiteTheme Health EquitySize $5.9MType DirectGeography GlobalDate 2020 -
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Managed by the Media Development Investment Fund, EMOF provides affordable debt financing to established independent news media in frontier and emerging markets.View websiteTheme Independent MediaSize $2MType DirectGeography GlobalDate 2017
