Gray Ghost Management & Operations LLC dba Gray Ghost Ventures

Impact Investment Advisor

Atlanta, Georgia

United States

About Gray Ghost Ventures

Gray Ghost Ventures is an impact investing firm dedicated to providing market-based capital solutions to entrepreneurs who are addressing the needs of low-income communities in emerging markets.

Gray Ghost Ventures (GGV) is a Certified B Corp impact investing advisory firm dedicated to providing market-based solutions to entrepreneurs who are addressing the needs of low-income communities in emerging markets. GGV focuses on serving these low-income communities in developing nations through for-profit investment in operating companies or investment funds, ecosystem development and capacity building. 

GGV has played a significant role in the promotion of social investment globally. Their areas of work include: Social Venture Investment, and Affordable Private Schools. "Impact Investing" pairs financial return with positive societal impact. For Gray Ghost Ventures, investing in early-stage businesses that improve the quality of life for low-income communities, while yielding competitive financial returns, is not only aspirational but a reality.

We equally believe that the B Corp vision and mission is closely aligned with our belief that business is best when it has a social impact. Most importantly, the B Corporation brand symbolizes our commitment to our stakeholders and the clients we serve.

The Change We Seek®

The reality that true, meaningful investment is more than financial is a driving principle behind the multitude of investments made at Gray Ghost Ventures. "Impact Investing" pairs financial returns with positive social impact, investing catalytic capital in innovations that have an impact on unserved communities. By investing in early-stage businesses that seek scale and replicability while embedding social impact in their business plans, Gray Ghost has improved the quality of life for millions in low-income communities in developing countries. They operate under the belief that financial success comes from the ability to impact the lives of many, which is why they have committed an excess of $100 million USD to investments in a range of businesses that seek to alleviate poverty, provide affordable education, promote human rights and even aim to improve the environment. As a pioneer in the "Impact Investing" sector, Gray Ghost Ventures has helped such a valuable movement continue to gain momentum.

What makes us a better company?

B Impact Report

Certified since: 

February 2009

Company Score

Median Score*



The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.



The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.



The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).



The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.



The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

Overall B Score

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Environment: >5% renewable energy; policy to minimize corporate travel

Employees: 100% of employees are paid a living wage; 100% of individual/family health insurance premiums are covered; dental/life insurance is covered; 100% of employees are offered reimbursement for Continuing Education

Community: >60% of expenditures directed toward local suppliers; >10% of suppliers located in low-income communities; >40% of employees are women; >10% of net profits given to charitable institutions; employees allowed time off for community service



• GGV Media Page Go»


• GGV In The Press Go»

• GGV 2012 Annual Report Go»