US-based impact investor Gray Matters Capital (GMC), through its coLABS platform, has announced an investment in WomenChoice Industries, a Tanzania-based manufacturer and distributor of low-cost, reusable sanitary towels.

The funding of $200,000 is aimed at helping WomenChoice Industries reach out to 500,000 women and girls from low-resource settings, to use its products by December 2022.

GMC coLABS is an early-stage investment portfolio seeking to invest in innovative a...