Program: Launch and first year of operations of a social investor network in Mexico
- Grantee Location: Mexico City
- Focus Area: Social Impact Investment
- Geographic Focus: National
- Amount: $10,000 USD
- Partners: Fundación Avina, Price-Waterhouse Coopers and Banorte
Statement of Purpose
Toniic is an international early stage impact investor network promoting a sustainable global economy through investment syndication and critical expertise for impact organizations. Toniic does this by discovering, evaluating, nurturing and investing in entrepreneurs, enterprises and funds seeking to change the world for the better. Toniic is a group of action-oriented investors working together to increase the velocity of money in the impact investment field, and subsequently addressing global problems like poverty and climate change.
Access to financing and venture capital at early stages is rather difficult for companies in Mexico due to factors such as lack of properly established investor networks. This forces such companies to resort to other financing sources, which in the long term may prove unsustainable due to high interest rates.
In partnership with Fundación Avina and Banorte, the USMF supported the launch of Toniic Mexico, a social investor network in Mexico. Toniic is a global network of action-committed investors, who consider as an impact investment the strategy oriented to provide capital to companies which purpose is generating financial return, as well as social and/or environmental benefits.