uMunthu II is the latest fund Goodwell dedicates to its mission: creating an inclusive world where no one is left behind. Launched in 2023, this fund will provide smart equity to early growth stage companies in agri-food, financial services, mobility and logistics, and other impact sectors, with a strong focus on the digital economy.
To support the fund’s €150 million target, we committed €10 million in equity as part of a first closing of €57 million. Through this partnership, we also aim to identify growth opportunities for the Dutch business community in agri-food and other sectors.
Project impact
Fostering female entrepreneurship
The uMunthu II fund explicitly invests in early and growth-stage SMEs and actively seeks out women-led businesses.
Amplifying inclusive growth
The fund builds on its predecessor, uMunthu I, whose 20 portfolio companies created over 2,000 jobs and served over 322 million people.
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