![]() To-date, Open Road's first loan fund, Open Road Ventures, launched in 2017 with proprietary capital, has invested more than $19.5 million across 65 deals with a low 0.3% default rate. The Impact Fund builds on Open Road's established reputation as the market-maker in bridge financing and trusted partner to social entrepreneurs. Open Road is raising $40 million from family offices, foundations, high-net-worth individuals and impact-first investors for the Open Road Impact Fund, which will provide loans ranging from $100,000 to $1 million to social impact organizations located primarily in Africa, U.S., Latin America, and South Asia. The Impact Fund will provide short-term bridge loans to social impact organizations that run into unexpected obstacles on their path to scale, thereby ensuring that these businesses survive and thrive. 18, 2019 /PRNewswire/ - Open Road Alliance (Open Road), the market-leading organization dedicated to keeping impact on track by helping social entrepreneurs bridge short-term financing gaps, today announced the launch of the Open Road Impact Fund (Impact Fund). $40 million fund to build on Open Road Alliance's market-leading expertise providing loans to help social entrepreneurs overcome unexpected funding obstacles Offers investors access to high-impact investments across multiple geographies while also providing a financial return ![]() ![]() Open Road Alliance Launches the Open Road Impact Fund to Bridge Financing Gaps for Social Entrepreneurs at Scale ![]()
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