It’s a question we get a lot, so we’ve tried to answer it in a new GDI case study on Convergence.
Starting with a high-level concept, GDI convened and supported a range of partners to design, build, and launch Convergence – a platform for blended finance that now stands as an independent organization based in Toronto.
Among other key steps, GDI helped Convergence secure over CAD 25M in funding and grow its team from zero to ten full-time staff. Today, Convergence has over 180 institutional members on its blended finance investment network and has awarded over CAD 5M towards the design of new blended finance structures.
In our new case study we explore: What does it actually take to build an organization like Convergence? And what did we learn along the way, from both successes and challenges?