Investment: $1.5M grant
Portfolio: Scaling Capital
Investment date: September 2019
Region(s) served: Global
Core Impact Metric: Data-driven decision making
How unrestricted funding helps IDinsight support social ventures around the world with high-quality tools, services, and data
IDinsight uses data to help social ventures and governments make better, more impactful decisions. Their goal is ensuring development practitioners around the world have access to high-quality data and the tools they need to use it. IDinsight serves social ventures in three different ways: working with organizations to understand and improve their impact; building new tools and services that lead to deeper insights; and using strategic communications to influence the social impact sector at large.
Why Rippleworks Invested:
Because IDinsight works as an intermediary—offering support to social ventures and governments who themselves deliver direct programming—grant funding for their general operations is difficult to raise, as funders traditionally seek to support direct program work.
Rippleworks recognizes that without high-quality data and evaluation tools, ventures and governments are unable to effectively make evidence-based decisions and allocate resources toward the most cost-effective projects that improve the most lives. The work of IDinsight can have exponential positive effects on the broader social sector, increasing the impact of ventures and governments by validating the data behind the programs, products, and services they provide.
Learn more about IDinsight’s other engagements with Rippleworks here.