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Two new additions to the BSP Fund portfolio, fundraising updates, a Safaricom AppWiz Challenge update, and more! 

Summer Update from Invested Development

Entrepreneurs 
Are you fundraising for your seed-stage startup? Let us know here: http://bit.ly/applyID. 

Investors
Investors looking for new types of impact investment opportunities should reach out to us directly at info@investeddevelopment.com 

Conferences
Want to meet in person? We'll be at the following conferences next month. 
SOCAP 13
San Francisco, CA
September 3-6, 2013

Ag Innovation Showcase

St. Louis, MO
September 9-11, 2013

Village Capital/Venture Louisville Finale
Louisville, KY
September 22-24, 2013 



Internships
We are currently looking for a Marketing and Research Intern for the fall in Boston, MA. Email ctamer@investeddevelopment.com to learn more. 


BSP Fund

This summer, we welcomed two new companies to the BSP Fund portfolio:  OnFarm Systems and GELI. Both are innovative software companies with the potential to catalyze their respective high-growth markets. 
 
OnFarm Systems provides software as a service to growers in the U.S. looking to visualize all of their farm's data in one place. This helps growers make better decisions that are driven by data. For a refresher on the impact that technologies like this have in agriculture, check out our blog post. 
 
Growing Energy Labs, Inc., a.k.a. GELI, has created the “Energy Operating System” (EOS) to manage and optimize energy storage. We firmly believe in the importance of energy storage for a number of reasons, which you can read about here.  GELI’s technology is a crucial component to developing standards for the installation of renewables, microgrids, and other decentralized energy alternatives around the world. 
 

Fundraising 

We are pleased to announce that the BSP Fund has closed at $20 million USD. Look out for a formal announcement in the coming days.

We are also actively fundraising for our Impact Factoring Fund. We have signed term sheets with several clean energy enterprises in East Africa and have purchases planned for September. 
 
To learn about the benefits of the Impact Factoring Fund for enterprises or investors, please contact us at info@investeddevelopment.com.
 

Safaricom AppWizz Challenge

Our partnership with the Safaricom AppWiz Challenge is off to a great start and we were excited to receive over 270 initial applications. More than 40 industry experts went through the applications and selected Semi-finalists. They then competed for spots as Finalists at our Hack-a-thon on the 27th and 28th of July at Strathmore University. Incubation for the Finalists began last week! They are competing for a grand prize of 3.7M KSH or roughly $45K USD. Stay tuned for more updates and read why we are working with Safaricom here.

Until next time,
 
The Invested Development Team 
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