Gray Ghost Ventures

Gray Ghost Ventures is an impact investing advisory firm based in Atlanta, Georgia, providing capital and support to entrepreneurs addressing needs in low-income communities in emerging markets. As a Certified B Corporation, the firm makes for-profit investments in operating companies and funds, committing over $100 million to pioneer market-based solutions for poverty alleviation, affordable education, human rights, and environmental improvement. With an estimated valuation of $17 million and annual revenue of $5.3 million, Gray Ghost Ventures operates with 11-20 employees, focusing on sectors like financial services, microfinance, and enabling technology for underserved populations. The firm commits capital directly to investments rather than charging management fees. Key personnel include Managing Director Frank Zaubi, Director of Investments Bahniman Hazarika, and Vice President of Investments Brian Cayce. Gray Ghost Ventures was founded in 2003, expanding its mission in 2005 to broader impact investing beyond microfinance.