Skip to main content

Human Impact Capital is a new $50M fund investing in social impact startups – TechCrunch

Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany’s first dedicated scial impact VC fund. The fund will deploy cash into digital business models focusing on health, education and “living,” and explicitly invests to have an impact along sustainable development goals. To HIC, this means “No Poverty, Good Health and Wellbeing, Quality Education, Gender Equality and Reduced Inequalities.”

I spoke with the fund’s manager, Lucas Paul, to find out what drove the creation of the fund and its investment thesis.

“We are convinced that innovation is key to overcoming the biggest social challenges of our time, and we are dedicated to contributing to a better future and supporting innovation through investments in social impact startups,” said Paul in an interview with TechCrunch. “Entrepreneurs providing solutions to these social problems will advance our society and lay the foundation for the generations to come. While impact VC investments are on the rise, 75% of those flow into environmental topics.”

For the initial closing, the fund decided to partner with strategic anchor investors having strong ties to the social sector. Among others, the Bank für Sozialwirtschaft, Germany’s leading bank for the social sector, committed substantially to HIC, fund reps told me.

The fund aims to invest in digital business models that tackle society’s biggest challenges, typically investing between €500,000 and €1.5 million. The firm focuses on early-stage startups in Europe, and reserves more than 60% of its commitments to follow-on investments.

“We firmly believe that economic profit and positive impact mutually reinforce each other and will accelerate at scale. We’d like to prove this fundamental belief and show that we’re able to generate above-average returns for our investors while maximizing the social impact of our investments,” Paul said. “Ideally, this concept is proven and widely accepted 10 years from now, which would make the world a better place.”

One of the areas where the firm believes it can have an impact, and where it is actively seeking to invest, is in technologies that make aging smoother.

“One element that is a common characteristic of all Western society is an aging population. Access to this growing target group is crucial today and will become even more important in the future. The challenge needs to be faced now. We currently do not see a lot of models that have solved the problem of accessing this group and of including them in an ever-changing jungle of digital solutions,” said Paul. “Most digital startups simply ignore people older than 50 within their target group and are missing out on enormous revenue potential while the quality of life of the elderly stagnates. We’d like to see more ambitious founding teams working on solutions for the elderly to ensure health care, to protect the aging population while limiting loneliness.”

Techyrack Website stock market day trading and youtube monetization and adsense Approval

Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog



from Investing – My Blog https://ift.tt/YLRatXh
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

These money and investing tips can give you a smooth ride in a rough market – MarketWatch

Don’t miss these top money and investing features: Sign up here  to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How to approach rebalancing your portfolio for 2023 It’s not a good idea to rebalance your portfolio at preset intervals Read More Bonds aren’t more attractive than stocks even as yields register a 15-year high The S&P 500’s return is similar when the 10-year Treasury yield is high or low. Read More Here’s who’s been trading crypto, and how they’re doing A new study finds that most people who entered the cryptocurrency market have lost money — and that those people are young men. Read More BlackRock sees these thematic ETFs potentially outperforming in 2023 In this week’s ETF Wrap, MarketWatch spoke with BlackRock’s Jay Jacobs on investing themes he likes for 2023 as investors worry about a slowing economy and monetary tightening. Read More Three seasonal effects in the stock market begin around T...
Post a Comment
Read more

Four months until SACSCOC visits Auburn: Four things you might not know about SACSCOC – Office of Communications and Marketing

Notice body There’s less than four months remaining until Auburn University’s accrediting body, the Southern Association of Colleges and Schools Commission on Colleges, or SACSCOC, arrives for its on-site visit. As the Accreditation team prepares for the on-site phase of the reaffirmation process, we want to share four things you might not know about SACSCOC: 1. SACSCOC is self-governed by the accredited institutions SACSCOC’s Principles of Accreditation requires a model of shared governance of its member institutions and holds itself to the same standards. The Commission on Colleges is operated by the SACSCOC Board of Trustees. The 77 Board members are elected by the College Delegate Assembly, or CDA, which is comprised of one voting representative from each of the 780 SACSCOC-accredited institutions. Each representative is the president or other chief executive of their respective college or university. In other words, the election of SACSSCOC’s leadership is in the hands of its ...
Post a Comment
Read more

5 YouTube features to use to boost engagement – Sprout Social

When you want to explore a new hobby or learn something new, where do you go? The answer is probably “YouTube.” The second-most popular social platform has come a long way since the “Charlie bit my finger” days. And new YouTube features are making it even more beneficial to marketers and creators—YouTube Shorts topped 1.5 billion monthly users in just two years. With 51% of consumers anticipating YouTube will be one of the social media platforms they use most this year, it’s a digital space your audience most likely uses. But with 500+ hours of content uploaded to YouTube every minute, high popularity also means high competition. Whether you’re new to YouTube or conducting a YouTube audit , using some of these features can help you stay ahead, grow your audience and give your channels a boost. 5 free YouTube features you need to use more often To help your audience find your videos in YouTube and Google search alike, you need to use the right tools. From underused YouTube sear...
Post a Comment
Read more