Mercy Corps Ventures Annual Impact Report 2023

Catalyzing Climate Resilience Innovation

Tanzanian woman working with irrigation equipment in agricultural setting.
15 February 2024

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At Mercy Corps Ventures, 2023 was a year of great momentum toward evolution. Significant tailwinds emerged to propel us forward in our ability to combat and adapt to climate change, and an increasing number of entrepreneurs stepped up to develop high-impact technologies and climate resilient solutions that will be at the forefront of this transition. In response, we:

  • Doubled down on our role as catalysts for increasing climate finance flows to adaptation innovation in emerging markets through our Investment and Venture Lab vehicles
  • Deepened our years-long track record investing in climate resilience solutions, now 48 companies and growing.
  • Leveraged this expertise to integrate climate resilience into our other key functions, including Venture Platform, Venture Lab, Impact Measurement and Management, and Insights.
  • Welcomed six new team members across the markets where our portfolio and partners work, all the while deepening our commitment to our journey toward greater diversity, equity, and inclusion and to culture building as a global remote team.

Meet the newest companies in our portfolio, explore case studies from our post-investment support, learn about our recent pilot launches, and reflect on our fails and lessons learned in our 2023 Annual Impact Report.