i2i Ventures Secures $3 Million to Boost Early-Stage Startups in Pakistan
The International Finance Corporation (IFC) has invested $3 million in i2i Ventures, Pakistan’s pioneering women-led venture capital fund, as part of its Startup Catalyst Programme designed to support innovative early-stage startups. The IFC, which focuses on advancing economic development, creating jobs, and improving lives in developing countries, is channeling these funds to back founders through investments in pre-seed and seed-stage startups.
i2i Ventures, a startup accelerator and venture capital firm founded by Kalsoom Lakhani and Misbah Naqvi in 2019, is dedicated to supporting early-stage startups and entrepreneurs in Pakistan. The firm offers crucial early-stage financing and hands-on support to its founders.
The IFC highlighted that its catalyst program invests in incubators and accelerators in underserved markets, with i2i Ventures playing a significant role in extending extensive support to early-stage startups in Pakistan. According to an IFC statement, the financing includes up to $2 million from IFC’s account and up to $1 million from the Women Entrepreneurs Finance Initiative (We-Fi), which aids women-owned and led firms and builds the capacity of women entrepreneurs to manage high-growth businesses.
Source: Hasaan Ali Khan / Arab News
International Finance Corporation
IFC Venture Capital Group
The International Finance Corporation (IFC) is the premier global development institution dedicated to fostering private sector growth in developing countries, thereby catalyzing economic development and enhancing livelihoods.
i2i Ventures
i2i Ventures is a investment fund of Invest2Innovate,we invest in early-stage high-growth and technology-enabled businesses in Pakistan.