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The funding comes as part of Unicef's Innovation Fund – launched in February – and will see the organisation put up to 0,000 into each of the five firms.
“Using UNICEF’s 190 offices and 12,000 staff, the Fund will help us source and support companies that might be overlooked by traditional investment vehicles,” Mc Caffrey added.
“The Fund allows us to prototype technology solutions, as well as expand our networks of open source collaborators to improve children’s lives.” The first portfolio of investments includes the following five start-ups, with an eye to investing in 20-40 additional companies in 2017: The UNICEF Innovation Fund is inviting technology start-ups to apply for investment and become part of this growing portfolio of open source solutions.
The funds aim at integrating the tech company’s software into the UN agency’s Rapid Pro Platform, “allowing less-literate populations to inexpensively access content without needing to read text messages”, UNICEF said in a press release.
Chibi founder Dave Wilke said yesterday the funding will allow the company, whose flagship product was a rural dating app, to focus on developing new platforms.