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Acumen (organization)

Acumen (organization)

Acumen is a New York City-based company founded by Jacqueline Novogratz that invests in entrepreneurs bringing sustainable solutions to problems related to poverty.

Acumen received seed capital from Rockefeller Foundation, Cisco Systems Foundation and three individual philanthropists and incorporated in 2001. Acumen invests “Patient Capital” which is understood by Acumen as a debt or equity investment in an early-stage enterprise. For entrepreneurs bringing sustainable solutions to problems related to poverty, patient capital aims to bridge the gap between efficiency and scale of market-based approaches and the social impact of pure philanthropy.

Acumen invests in enterprises that provide low-income consumers with access to healthcare, water, housing, alternative energy or agricultural inputs. Typical commitments of patient capital for an enterprise range from $300,000 to 2,500,000 in equity or debt with payback or exit in roughly seven to ten years. Acumen also provides management support services and sees a return of capital in the long-run.

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Boulder harnesses mobile technology to expand access to treatment for opioid use

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