VC  Gray Ghost Ventures

     Office Locations:

2200 Century Parkway, Suite 100
Atlanta, GA 30345
Phone: 678-365-4700
Fax: 678-365-4752



  • Seed



  • Education & Training
  • Information Technology
  • Software & Internet



    Gray Ghost Ventures (GGV) is an impact investment firm dedicated to providing market-based capital solutions to entrepreneurs who are addressing the needs of low-income communities in emerging markets. Depending upon the need and opportunity, GGV serves as creator and manager, sole funder, lead investor, co-investor, general partner or limited partner in operating companies or investment funds. GGV's focus areas include: microfinance, social venture investment and affordable private schools. First Light Ventures (FLV) is an independent fund within the Gray Ghost Ventures' family of initiatives. The fund serves as an incubator and investment partner to seed-stage, for-profit social ventures. FLV's unique investment strategy is designed to accelerate the successful development of scalable and sustainable social enterprises that provide goods and services to low-income customers in emerging markets around the world. Gray Ghost manages a $69 million microfinance portfolio.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Arun Gore President and CEO
    Bahniman Hazarika Director of Investments
    Brian Cayce Vice President of Investments
    Rusabh Ashar Controller
    William Whitaker CFA Senior Analyst


    Portfolio companies include:

        web link




        web link

      Blue Orchard Microfinance Securities
        web link

        web link

      CareGo International
        web link

      Catalyst/ASA International
        web link

      Centurion Fund
        web link

        web link

      Co2 Impact
        web link

        web link

        web link

      Drop the Chalk
        web link

      Emergency Liquidity Fund
        web link

        web link

      Global Microfinance Equity Fund
        web link

      Gray Ghost DOEN Social Ventures
        web link

      Gray Matters Capital
        web link

        web link

      Jack and Jake's Local and Organic Market
        web link

      Kopo Kopo
        web link

      Life City
        web link

      Liga Masiva
        web link

        web link

        web link

      New Avenue Homes
        web link

        web link

      Promethean Power Systems
        web link


        web link

        web link


      Short-Term Liquidity Fund
        web link

      SMV Wheels
        web link

        web link

      TerViva BioEnergy
        web link

      The Hoop Fund
        web link

      Under the Mango Tree
        web link

        web link

        web link


    Recent News: