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New Investor Network Launched to Support Early Stage Global Impact Investing

New Investor Network Launched to Support Early Stage Global Impact Investing

Published 10-05-10

Submitted by Toniic

Today at the SoCap conference, participants celebrated the launch of Toniic, a new global network of early stage, action-oriented impact investors. Toniic's goal is to increase the velocity of money and services into impact investing to address global challenges. At its launch, Toniic announced that already investors seeking to place over $100 million in global social enterprise have joined, making it immediately one of the largest players in the global early stage social capital market.

"Toniic members, both individuals and institutions, invest as a global community through local, high touch chapters. We are greatly pleased to announce that, thanks to global our partners, Wire Group and Dasra, Toniic will have an initial presence in the US, Europe and India," said Morgan Simon, CEO. "This global presence will provide significant value to members, who can leverage seasoned investor expertise to co-create an all star impact advisory worldwide."

"As investors, we understand that transactional costs in early stage impact investment can be a tremendous barrier, leaving billions of dollars on the sidelines. Through Toniic, we have been able to invest more efficiently and effectively, and invite others to join us," said Lisa and Charly Kleissner, cofounders of Toniic alongside Sean Foote, John Kohler and Morgan Simon.

Toniic leverages partnerships with impact investors, investor support organizations, and social entrepreneurship organizations in order to maximize its collective impact, such as Investor's Circle, GIIN, the Eleos Foundation, B Labs (GIIRS), and Founding Sponsor RSF Social Finance.

"I am a member of Toniic because the best work is always done in community, and with very little roadmap, this is particularly important in impact investing," said Bob Pattillo, founder and principal of Gray Matters Capital, Grey Ghost and FirstLight Ventures. "I am pleased to be a part of this dynamic initiative, and look forward to helping our community grow."

About Toniic: Toniic is a global network of action-oriented impact investors, both individuals and institutions. We increase the velocity of money and services into impact investing to address global challenges. Our members commit to discover, evaluate, nurture and invest in entrepreneurs, enterprises and funds that are changing the world for the better. For more information, visit www.toniic.com.

About Wire Group: Wire Group works with social entrepreneurs, net worth individuals, familiy offices and foundations providing tailored services and transactions to help scale their collective impact. Wire Group channels mainstream capital to impact investments worldwide with a focus on businesses that generate blended financial, social and environmental returns. For more information contact tera@wire-group.org.

About Dasra: Dasra is India's leading strategic philanthropy foundation. Dasra works with philanthropists and successful social entrepreneurs to bring together knowledge, funding and people as a catalyst for social change. For more information, visit www.dasra.org.

About RSF Social Finance: RSF Social Finance is the first Founding Sponsor of Toniic. RSF is a pioneering financial services organization dedicated to transforming the way the world works with money. Since 1984, RSF has made over $200 million in loans and over $90 million in grants to non-profit and for-profit social enterprises. For more information, visit www.rsfsocialfinance.org.

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Toniic

Toniic

Toniic is a global network of action-oriented impact investors, both individuals and institutions. We increase the velocity of money and services into impact investing to address global challenges. Our members commit to discover, evaluate, nurture and invest in entrepreneurs, enterprises and funds that are changing the world for the better.

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