Ripple told about the current situation of the invested company

On Twitter, Ripple told about the current situation of the invested company.

On Twitter, Ripple recently told about the current situation of the invested company. Was noted:

In 2020, Ripple & Rippleworks announced a $10MM USD contribution to @MCSocialVenture to fund a 3-year initiative to expand financial inclusion using blockchain & crypto.
We recently spoke with @ScottOnder to uncover what’s next for Mercy Corps Ventures.

The main point was this:

The market downturn has only emphasized the importance of our mission. The bear market is a time to build, and we believe that companies with diverse teams that embed resilience in their business models will be the ones most likely to scale and succeed. Long term, companies that integrate a climate lens will be better positioned to withstand future shocks and stresses. While managers of global capital pools are pulling back, we’re staying laser-focused on seeding and supporting climate adaptation solutions at the early stage, and fast.
As we double down on our commitment to driving climate adaptation and resilience, we will be launching Fund II, our Resilient Future Fund, to invest in and support approximately 25 early-stage startups in frontier markets with solutions that build resilience to climate change.