What is Maiyet?
Maiyet is dedicated to fostering self-sufficiency and entrepreneurship in developing economies through strategic partnerships with artisans. The company collaborates with Nest, an independent nonprofit organization, to train and develop artisan businesses globally. Maiyet focuses on scalable partner companies that demonstrate strong leadership and a positive community impact. Rigorous needs assessments and customized training programs are implemented to alleviate poverty, empower women, and promote peace. Maiyet ensures fair wages, provides advance deposits, and donates a percentage of profits towards training and development, aiming to create measurable social impact through compliance reports and evaluation metrics.
How much funding has Maiyet raised?
Maiyet has raised a total of $32.8M across 2 funding rounds:
Series B
$25.5M
Series A
$7.3M
Series B (2012): $25.5M, investors not publicly disclosed
Series A (2012): $7.3M led by DBL Partners
Key Investors in Maiyet
DBL Partners
DBL Partners is a venture capital firm that typically invests in companies focused on social impact and sustainability, aligning with Maiyet's mission.
What's next for Maiyet?
With its recent strategic investment and substantial total funding, Maiyet is poised for significant expansion. The company's focus on social impact, coupled with its partnership with Nest, positions it to further scale its artisan development programs. Future initiatives will likely involve broadening its global reach, enhancing its training methodologies, and deepening its commitment to empowering communities through sustainable entrepreneurship. The company's strategic approach to funding suggests a continued emphasis on growth and impact.
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