AWE Funds secures $15 mn commitment in first close of maiden fund

Investment platform AWE Funds on Wednesday said it has secured commitment worth USD 15 million in the first close of its maiden fund in India.

The fund will invest in scalable innovation primarily across climate and sustainability, food and agriculture, healthcare, and additionally in education and fintech sectors while promoting gender equity and climate action as a differentiated strategy to seek commercial returns for its investors.

AWE Funds said it "has secured USD 15 million in aggregate commitments and is targeting an overall fund of USD 45 million with a green-shoe option of an additional USD 15 million."

Its 'Achieving Women Entrepreneurs Early Growth Fund I' is registered with SEBI.

"The fastest growing market and an under-appreciated resource, in most countries are women. By focusing on gender equity and climate action which are very significantly and inextricably linked, AWE Funds' team is uniquely positioned to identify investment opportunities that deliver superior ..