David L. Ross is Managing Director of Statera Capital, an angel and impact investment firm focusing on investments in Sub-Saharan Africa. Statera Capital was founded in 2004 in New York City and is based in Dar es Salaam.
Statera Capital has team members in 7 East and Southern African nations and is involved in renewable energy, agriculture, fintech, affordable housing, transportation, telecom, internet services, equipment leasing, and other sectors.
David has 15 years private and public sector experience serving multilateral clients including World Bank, African Development Bank, and development agencies from North America and Europe; financial institution clients including HSBC, AIG, JP Morgan Chase, Credit-Suisse, and Morgan Stanley; and business owners, SMEs, and project developers in Sub-Saharan Africa.
In the past 3 years, David completed successful evaluation, design, and implementation of over $150 million USD worth of investment funds for multilateral institutions to catalyze growth in SME businesses in renewable energy, water, and agriculture in Tanzania, Kenya, and Rwanda. These resulted in providing access to renewable electricity for over 1 million people; more reliable access to drinking water for 840 thousand people; and access to funding for over 400 small agricultural businesses.
David was able to raise over $100 million USD for 9 companies seeking equity, debt, and grant funding in Eastern Africa, in telecom and renewable energy sectors.
David serves as serves as the United States Ambassador to the Open University of Tanzania focusing on workforce development.
He is a Board Member of the American Chamber of Commerce in Tanzania, and the Distinguished Professor of Practice in IT Entrepreneurship at Carnegie Mellon University teaching “Global IT Sourcing, Management and Automation” in the US and “African Venture Funding” and “IT Innovation and Business in Africa” at Carnegie Mellon University-Africa.