LeapFrog Fund IV

Apr 23

Written By Annikken Grieg Sæthre

Who: Leap Frog Investment

What: Leap Frog Fund IV

LeapFrog Investments' Fund IV is a private equity impact fund dedicated to advancing healthcare and financial services in emerging markets, with a goal to reach 100 million underserved individuals. To date, the fund has impacted 24 million people through investments in five innovative companies across Asia and Africa.

Key Investments:

Redcliffe Labs: One of India's largest and most affordable diagnostics providers, conducting over 20 million tests via a decentralized network of 76 labs and more than 1,600 collection centers.
Sun King: The world's largest off-grid solar financier, delivering solar energy to 118 million people, resulting in over $7.2 billion in savings for low-income households previously reliant on biomass and kerosene.
bolttech: A global insurtech innovator offering embedded, low-cost insurance solutions across 35 markets, including Indonesia, the Philippines, Thailand, and Vietnam.
Electronica Finance: An Indian lender supporting micro, small, and medium enterprises (MSMEs) with financing for machinery, equipment, and rooftop solar installations, having tripled its assets under management over the past five years.
Auxilo Finserve: A higher-education financing company in South Asia, experiencing a 75% compounded annual growth in its loan book over three years, aiding India's youth in accessing training and education to enhance their skills and future earning potential.

Profit with Purpose

Fund IV exemplifies LeapFrog's "Profit with Purpose" philosophy, demonstrating that strategic investments can yield both substantial financial returns and significant social impact. The fund's diversified portfolio addresses critical needs in diagnostics, renewable energy, insurance, MSME financing, and education, contributing to sustainable development and economic resilience in high-growth regions.