Acumen

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumen invested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

Amon Anderson

Director

Ajit Mahadevan

Country Director

Godfrey Mwindaare

West Africa Director

Catherine Nanda

Director, Acumen America

Jacqueline Novogratz

Founder and CEO

Aun Rahman

Country Director Pakistan

Siddharth Tata

Associate Director

Yasmina Zaidman

Director of Communications and Strategic Partnerships

Past deals in Refrigeration

SokoFresh

Venture Round in 2023
SokoFresh is a social enterprise that specializes in cold storage solutions and digital market linkage for small and medium-scale farmers. By offering reliable off-grid cold storage facilities, the company aims to reduce logistical costs and minimize post-harvest losses in the fruit, vegetable, and fish value chains. SokoFresh provides aggregation infrastructure and essential market connections, enabling farmers and buyers to improve produce handling during harvesting. Through these services, the enterprise supports smallholder farmers in accessing better storage options and market opportunities, ultimately enhancing their productivity and profitability.

Koolboks

Seed Round in 2022
Koolboks provides a reliable and alternative storage technique due to the superior insulation and ice battery technology employed in the design.

Koolboks

Seed Round in 2022
Koolboks provides a reliable and alternative storage technique due to the superior insulation and ice battery technology employed in the design.

Promethean Power Systems

Series A in 2019
Promethean Power Systems, Inc. specializes in designing and manufacturing refrigeration systems tailored for cold-storage and milk chilling applications in off-grid and partially electrified areas. Founded in 2007 and headquartered in Somerville, Massachusetts, with an additional office in Pune, India, the company provides a range of products including milk chillers, cold storage solutions, solar add-ons, and smart monitoring systems. Its technologies are particularly beneficial for dairy processors and individual farmers, allowing for improved milk collection and preservation, thereby reducing spoilage and transportation costs. This enhances the quality of milk collected from remote villages and increases farmer incomes. The refrigeration systems operate using grid power, with backup options that include generators and future plans for thermal battery storage, facilitating reliable cold-chain distribution without dependence on diesel generators.
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