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    Gray Matters Capital

    ActiveInternational AffairsMakes PRIs
    ATLANTA, GAWebsite4044584153

    About Gray Matters Capital

    We are an impact investor in the global south focused on enabling self-development and skilling technology for women to find meaningful work; converging high social impact with strong financial returns through investments, seed ventures and alternative financing.

    Focus Areas

    educationskilling / workforce developmentwomens economic empowermentmicrofinance / education financeentrepreneurship / early-stage investment

    Who They Fund

    ambitious African entrepreneursearly-stage startups / SMEs in Africafounders seeking investment and business support

    Funding Style

    technical assistance / consultant supportcapacity buildingventure philanthropy / impact investing

    Financial Snapshot

    Annual Giving

    $0

    Total Assets

    $52.1M

    Total Revenue

    $705K

    Total Expenses

    $758K

    Typical Grant Size

    Most grants fall between $22K and $22K, with a median of $22K.

    25th Percentile

    $22K

    Median

    $22K

    75th Percentile

    $22K

    Geographic Reach

    Local1 state funded

    About 0% of grants go to recipients in TX.

    Funding intensity
    Low
    High
    Headquarters
    Funding intensity
    Low
    High

    Where Gray Matters Capital Funds

    Top 10 recipient countries by grant volume for Gray Matters Capital.

    RankCountryGrantsTotalShare
    1India12$13M
    42.9%
    2United StatesDomestic4$17M

    Deep Analysis

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    EIN: 20-5176973
    3 filings on record
    See If You're a Fit — FreeFree account · instant fit score · similar funders
    ecosystem development

    Topics

    entrepreneurship supportstartup incubation / accelerationaccess to early-stage capital / seed fundingeconomic development and job creationventure creation and company scaling in Africa
    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    14.3%
    3Kenya3$575K
    10.7%
    4Mexico2$543K
    7.1%
    5Mauritius1$12.1M
    3.6%
    6Singapore1$500K
    3.6%
    7Nigeria1$150K
    3.6%
    8Tanzania1$135K
    3.6%
    9Colombia1$100K
    3.6%
    10Pakistan1$90K
    3.6%

    Recipient country reflects the grantee's headquarters per IRS 990-PF and Schedule F filings, not the program's implementation country.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    FAST FORWARD VENTURES LLCROUND ROCK, TX$22,0002023TO ALLOW FOR THE ENGAGEMENT OF A CONSULTANT TO ASSIST TO FURTHER THE MISSION TO LAUNCH AND BACK COMPANIES ALONGSIDE AMBITIOUS ENTREPRENEURS TO UNLOCK ECONOMIC PROSPERITY IN AFRICA.

    FAST FORWARD VENTURES LLC

    $22,000
    ROUND ROCK, TX2023

    TO ALLOW FOR THE ENGAGEMENT OF A CONSULTANT TO ASSIST TO FURTHER THE MISSION TO LAUNCH AND BACK COMPANIES ALONGSIDE AMBITIOUS ENTREPRENEURS TO UNLOCK ECONOMIC PROSPERITY IN AFRICA.