pi Ventures has been recognized by the CDC Group as a "2X Challenge" Fund, as 42% of our portfolio companies (Niramai, Wysa, Pyxis, TrueLark, and Transper) have at least one woman co-founder.
Although we do not focus on gender composition while making investment decisions, we have come across a significant number of high-growth potential DeepTech companies, which are being led by women entrepreneurs.
The 2X Challenge was originally launched in 2018, and has been renewed in 2021 as a commitment to ‘gender-smart investing’ by a group of international Development Finance Institutions (DFIs) of the G7 and Multilateral Development Banks (MDBs), including CDC. The group aims to collectively mobilize $3 billion in commitments that provide women in developing countries with improved access to leadership opportunities, quality employment, finance, enterprise support & products, and services that meaningfully support women. The 2X Challenge aims to identify eligible businesses that are committed to one or more of these areas.