Managers launch philanthropic fund to invest in sanitation startups

Amid the risk of coronavirus dissemination in poor sanitation and water availability regions, the Iguá Institute and Climate Ventures launched on Sunday (22), World Water Day, the Ipu fund – Water & Sanitation Venture Philanthropy, first venture philanthropy type initiative. It is a philanthropic and patient fund – in which the return on invested resources exceeds that of traditional ones – for investment in startups and or organizations that are focused on promoting significant changes in the sector. Numbers. Brazil has 57 million households without access to the sewage network and 24 million without piped water, according to data from the 2018 Pnad (National Household Sample Survey). Who's who. The overall coordination of venture Philanthropy Ipu's initiative will be done by its co-founder Climate Ventures, an organization that aims to accelerate a regenerative and low-carbon economy. The management of donations will be carried out by SITAWI Finanças do Bem, a pioneer in the development of financial solutions for socio-environmental impact and investor of more active impact of Brazil in number of operations. The legal structuring has the support of the law firm Tozzini Freire Advogados.