Gray Matters Capital is an impact investor focused on the global south. Its official website describes the firm as building from deep roots in microfinance and education finance, and as investing in early-stage entrepreneurs and portfolios of funds to support scalable, replicable business models. Based on the investment record provided, Gray Matters Capital has invested in Africa at the seed stage, with activity in Rwanda and Kenya. Its disclosed portfolio in this dataset includes companies in developer tools and cloud infrastructure as well as agritech, including ARED and Taimba. The available data shows three seed rounds between May 2018 and July 2019, totaling $300K.