Developing World Markets
Overview
Developing World Markets (DWM) is an emerging and frontier markets investment manager, dedicated to making impact investments that seek risk-appropriate returns for our investors and measurable environmental or social benefits for the developing world. DWM structures transactions that provide microfinance institutions and other socially motivated organizations with access to international capital markets. They aim to achieve sustainable development through market-level financial returns for their investors and social returns in the developing world.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Ashv Finance | Mar 2018 | Series D | Co-investor |
| AwanTunai | Dec 2024 | Debt | Co-investor |
| Myanmar Finance International Limited | Apr 2018 | Debt | Co-investor |
| Mufin Green Finance | Jul 2025 | Debt | Lead |
| d.light | Jul 2019 | Debt | Co-investor |
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Key People
Edward Marshall
Co-Managing Partner And General Counsel
Courtland Walker
Partner
Robert Constantino
Partner
Odette Tolliver
Partner, CFO
Ankit Singhal
Principal, Private Credit
Diego Borges Maksoud
Investor Relations Associate
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Developing World Markets based?
Developing World Markets is headquartered in Stamford, Connecticut, United States.
When was Developing World Markets founded?
Developing World Markets was founded in 1994.
How many portfolio companies does Developing World Markets have?
Developing World Markets has 9 portfolio companies in Caplight's dataset.
What are some companies in Developing World Markets's portfolio?
Portfolio companies visible on Caplight include Ashv Finance, AwanTunai, Myanmar Finance International Limited, Mufin Green Finance, d.light.
What was Developing World Markets's most recent investment shown here?
Developing World Markets's most recent investment in this portfolio sample was in Mufin Green Finance in 2025.
What sectors does Developing World Markets focus on?
Developing World Markets focuses on FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, Energy & Sustainability, Energy & Sustainability, FinTech, Energy & Sustainability, FinTech, Telecommunications & Networking, Consumer & Commerce, Energy & Sustainability.
What company stages does Developing World Markets focus on?
Developing World Markets typically invests at the MultiStage stage.
What is Developing World Markets's AUM?
Developing World Markets's assets under management are estimated between $500.0M and $1.0B.