Menterra Social Impact Fund invests $2 M in tech companiesApurva P
With completely merit-based selection, 50 percent of Menterra companies are said to be founded and led by an exceptional set of women founders.
Menterra Social Impact Fund, a venture capital fund, has invested $2 million in technology companies in the healthtech, agritech and edtech sectors. The investments are made in Omix Labs and Adiuvo Diagnostics in healthcare, Stones 2 Milestones in education and another investment in agritech.
These investments take the total number of investments in Menterra’s portfolio to 10.
OmiX Labs has built a next-generation molecular diagnostics platform for rapid detection of infectious diseases. Its DNA-based proprietary tests allow detection of bugs causing infection within few hours.
Adiuvo uses machine learning enabled, non-invasive and portable device using multi-spectral imaging for wound care and detection of skin infections. This technology allows significant improvements over existing visual methods. Adiuvo is building a very advanced and powerful platform technology with multiple related products in the pipeline.
Stones2Milestones (S2M) develops children’s skill and will to read in English through innovative methods. It has launched India’s first pure play English reading skill assessment – FAST. Schools and parents partner with S2M to improve children’s reading levels through the Wing of Words programme and the Freadom parent app. This eco-system approach aims to make a child a fluent and independent reader by Class III.
In agriculture, Menterra and its investment partner Artha are looking to bring a scientific rigour to small farms. They are currently assessing several opportunities including leading a Pre-Series A round for an agritech company.
In a statement, Mukesh Sharma, Co-Founder and Managing Director of Menterra Venture Advisors, said, “Menterra was formed to use the power of technology to deliver impact at scale by improving the quality of farming, healthcare and education in our country with focus on aspiring underserved consumers. We are delighted to welcome such a talented group of founders to Menterra family. The thought and passion they have put in is apparent in the quality of their products and the teams they have built around them. In the coming years, Menterra will continue to invest in cutting edge technology. We will continue to broaden and deepen our platform with focus on agriculture, healthcare and education."
Menterra Social Impact Fund is a venture capital fund that invests in technology to deliver impact in agriculture, healthcare and education sectors. With completely merit-based selection, 50 percent of Menterra companies are said to be founded and led by an exceptional set of women founders. Its investments are claimed to be aligned with the UN Sustainable Development Goals.