Dealflow | January 26, 2021

Citi Impact Fund backs Black, female and veteran founders

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 26 — Citi Impact Fund launched last year to invest in companies addressing workforce development, financial inclusion and sustainable energy and water use — particularly those led by women, Black and other underrepresented founders (see, “Citi Impact Fund secures $50 million to invest in Black entrepreneurs”). The $200 million fund has rolled out seven investments, bringing its total portfolio to 11 companies. 

Among the new companies is Black, female-led MedHaul, which works with healthcare providers to provide low-cost, safe and reliable transportation for low-income patients; KETOS, a female-led company aiming to make water safe and sustainable; Perch, a Black-owned company offering an app that helps unbanked youth build credit; and veteran-led Shift, which helps current and former members of the U.S. military start new careers.