In 2009, Kinnevik committed to invest USD 10 million in Microvest II, a fund focusing on equity investments in micro financing companies in emerging markets. Per end of December 2009, USD 1.3 million of the commitment had been drawn.
The fund’s first two investments are in a rapidly growing microfinance institutions in India and Peru.
Kinnevik intends to actively work together with the fund's experienced management team and seek direct investments alongside the fund.