AWE Funds Secures Prestigious Funding from Climate Gender Equity Fund
Funding | Dec 12, 2024 | AWE Funds LLC
AWE Funds LLC, a private equity firm, has achieved a significant milestone by securing financial support from the Climate Gender Equity Fund (CGEF), a high-profile fund managed by USAID, in collaboration with major entities such as Amazon, Visa Foundation, Reckitt, UPS Foundation, and Skoll Foundation. This partnership aims to drive gender-equitable initiatives in climate action through technology-led innovations, while also ensuring competitive financial returns. AWE Funds is one of only two entities globally—and the sole representative from Asia and India—to receive this prestigious funding, a testament to its distinct investment approach and commitment to impactful social change.
Sectors
- Private Equity
- Environmental and Social Governance (ESG)
- Technology
Geography
- India – AWE Funds is identified as the only recipient of CGEF funding from India, emphasizing its regional influence and impact.
- Asia – AWE Funds is noted as the sole fund from all of Asia to receive this prestigious funding support, highlighting its significant reach in the continent.
Industry
- Private Equity – AWE Funds operates within the private equity sector, specializing in tech-driven investments to promote gender equity and climate action.
- Environmental and Social Governance (ESG) – The article highlights ESG initiatives focused on gender equity and climate action, aligning with AWE Funds' investment thesis.
- Technology – AWE Funds' investment strategy centers on leveraging technology to drive climate and gender-equitable outcomes.
Financials
- Not specified – The specific amount of funding granted to AWE Funds is not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AWE Funds LLC | Recipient of funding | Company | A private equity firm specializing in tech-led investments promoting gender equity in climate action. |
| Climate Gender Equity Fund (CGEF) | Funder | Company | A fund managed by USAID in partnership with Amazon, supporting projects at the intersection of gender equity and climate action. |
| USAID | Manager of CGEF | Government | The United States Agency for International Development, managing the Climate Gender Equity Fund. |
| Amazon | Partner | Company | A partner in the Climate Gender Equity Fund, supporting global initiatives for social and environmental impact. |
| Visa Foundation | Supporter | Charity | Supports CGEF's initiatives focused on economic growth and gender equality. |
| Reckitt | Supporter | Company | Backs CGEF's funding programs aimed at improving health and wellbeing. |
| UPS Foundation | Supporter | Charity | Supports initiatives that drive social impact, including CGEF's funding for gender and climate action. |
| Skoll Foundation | Supporter | Charity | Invests in social entrepreneurship and innovative solutions for global issues, supporting the CGEF. |