When AI Turns Access Into Care

When AI Turns Access Into Care How Alice Is Using AI to Scale Healthcare Delivery in Brazil   Brazil’s healthcare system is defined by constraint. Access is uneven, costs are rising, and providers are stretched thin. In that environment, Alice’s use of artificial intelligence is not about experimentation or novelty. It is about throughput. Helping more people access healthcare faster …

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Why We Invested in BHub

Why We Invested in BHub Transforming Brazil’s $20B Accounting Market with AI For more than a decade, one truth has consistently surfaced in our work across emerging markets: small businesses rarely pay meaningful dollars for software—no matter how transformative the product. Budget constraints, competing priorities, and entrenched habits make adoption difficult. AI is starting to change that equation.  That’s why …

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When AI Means Insurance for All

When AI Means Insurance for All How Qoala Is Using AI to Build the Future of Inclusive Insurance In Indonesia, insurance has long been a product for the few, not the many. Less than 4% of the population holds any formal coverage, constrained by high distribution costs, limited trust, and fragmented data systems. But for Qoala, one of Southeast Asia’s …

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Emerging Market Deal Flow: Signals of Resilience Across Regions

Emerging Market Deal Flow: Signals of Resilience Across Regions Market conditions vary by region, but September delivered clear signs of investor conviction across several emerging ecosystems. Latam continued its dominance of EM late-stage growth with notable equity and debt transactions occurring in September. Southeast Asia is still recovering amidst tricky macro conditions, but there are pockets where “good” deals are …

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Beyond the Hype: AI in Emerging Markets

Beyond the Hype: Why AI in Emerging Markets is Different AI may be driving frothy headlines in developed markets, but in emerging markets, the reality looks different. Here, the conversation is not about moonshots. It is about productivity. When costs compress and throughput improves, access and affordability expand. And when that happens, EBITDA follows. This is the thesis behind Next …

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Deep dive: Empowering women in emerging markets

Deep dive: Empowering women in emerging markets With the Next Billion Digital Growth Fund, our commitment to driving positive social change is at the heart of our investment philosophy. Our Gender Impact Strategy is a cornerstone of this mission, aimed at empowering women in emerging markets by fostering inclusive and equitable growth through our portfolio, both at the company and …

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