Jacqueline Novogratz

Jacqueline Novogratz is the founder and CEO of Acumen Fund, a nonprofit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. Acumen Fund invests patient capital to identify, strengthen, and scale business models that effectively serve the poor and champions this approach as an effective complement to traditional aid. Acumen Fund currently manages more than $83 million in investments in 75 companies in South Asia and Africa, all focused on delivering affordable healthcare, water, housing, and energy to the poor. These companies have created and supported 58,000 jobs, leveraged an additional $368 million, and brought basic services to more than 100 million people.

In December 2011, Acumen and Novogratz were on the cover of Forbes magazine as part of its feature on social innovation. Prior to Acumen Fund, Novogratz founded and directed The Philanthropy Workshop and The Next Generation Leadership programs at the Rockefeller Foundation. She also founded Duterimbere, a micro-finance institution in Rwanda. She began her career in international banking with Chase Manhattan Bank. She currently sits on the advisory boards of Sonen Capital, Harvard Business School Social Enterprise Initiative and the Stanford Institute for Innovation in Developing Economies (SEED). She also serves on the Aspen Institute Board of Trustees and the board of IDEO.org, and is a member of the Council on Foreign Relations and the World Economic Forum Global Agenda Council for Social Innovation.

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