Elizabeth Funk-The Dignity Fund

Published: June 1, 2021, 5:18 a.m.

works at the intersection of profit and purpose.\xa0 She is a thought leader and veteran in harnessing the power of capitalism to solve the world\u2019s most pressing problems.\xa0\xa0\xa0

Elizabeth serves as the Senior General Partner at Dev Equity, a venture capital fund investing in B-Corps in low-income housing, urban revitalization, and sustainable agriculture in Latin America (Nicaragua, Honduras, Panama, Costa Rica, Ecuador, and Peru).

Elizabeth started her career in rapidly growing, innovative technology companies.\xa0 She served as a Product Manager for Microsoft Word when Windows was first launched and participated in forming the original Microsoft Office product.\xa0 After graduating as a Baker Scholar from Harvard Business School, she joined Yahoo! as one of the earliest employees-- quickly rising through the ranks to lead the business side of several divisions including Yahoo! Finance, Yahoo! Mail, Yahoo! Search, Yahoo! Auctions, Yahoo! Classifieds, Yahoo! Greetings and other properties.\xa0 Most importantly, she was a founder of Yahoo! Shopping and became a leader in developing and shaping Yahoo\u2019s e-commerce strategy.\xa0 Under her leadership, Yahoo\u2019s e-commerce initiatives grew to become over 2/3 of the company\u2019s revenue.

After Yahoo! Elizabeth was appointed President and CEO of CML Global Capital, a publicly traded investment conglomerate based in Canada.\xa0 As CEO she oversaw several major transactions including executing a takeover of another publicly traded real estate company, a normal course Issuer bid, and eventually a privatization of the corporation.\xa0 She sold several of the firm\u2019s corporate assets and eventually sold the remaining portfolio company to its management.\xa0

Since that time, Elizabeth has dedicated her career to impact investing and corporate social responsibility-- demonstrating that strong financial performance and positive social change are inherently connected.\xa0 Her first impact investment fund, the Dignity Fund, provided growth debt to 14 Microfinance institutions in 12 countries, enabling loans to over 35,000 poor entrepreneurs per year.\xa0 The Dignity Fund was one of the very first for-profit investment vehicles in the Microfinance industry, paving the way for the massive influx of capital into that field.

Elizabeth became an avid evangelist for impact investing and has served on many boards of impact funds and social enterprises.\xa0 Her board positions include Unitus (chair) a microfinance accelerator; Deutsche Bank\u2019s Microfinance Consortium, FINCA Microfinance fund, Align Impact\u2019s fund-of-funds, MicroPlace (chair) an online investment company she helped sell to EBay, Root Capital (farm expansion capital), and Ujjivan (Microfinance bank that has since gone public) among others.

Elizabeth is an active member of Young Presidents Organization (YPO) where she served on the international board and founded the YPO Social Enterprise Network; Toniic, an association of impact investors, and many other communities.\xa0 Elizabeth is a thought leader and frequent speaker on impact investing and corporate social/environmental responsibility. For more information on Dignity Fund go to https://dignitycapital.com/