Fund phases

The TestCMS fund has two key stages. Phase 1 builds the infrastructure and tests scalable models, while phase 2 expands what works across the world and into government and industry systems to scale the impact.

1
Step Pre-launch
We are currently working with foundations and partners to raise funds for phase 1

Pre-launch

We are currently working with foundations and partners to raise funds for phase 1

2
Step Phase 1
$40 million raised

Phase 1

$40 million raised

Build the infrastructure for the global research agenda and invest in urgent priorities, while raising funds for phase 2.

3
Step Phase 2
An additional $60M raised → Second phase investments deployed (2030–31)

Phase 2

An additional $60M raised → Second phase investments deployed (2030–31)

Phase 2 will focus on scaling evidence-backed solutions, expanding our geographic footprint and building in blended finance.

4
Step Grow
Expand finance to $1B

Grow

Expand finance to $1B

The growth phase will expand our financing and develop integration with governments and industry.