Impact Investing | December 21, 2022

Collaborative Fund raises $200 million fund for materials, ingredients, energy and supply chains.

David Bank and Amy Cortese
ImpactAlpha Editor

David Bank

ImpactAlpha Editor

Amy Cortese

ImpactAlpha, Dec. 21 – Designer Stella McCartney is anchoring the Collab SOS fund and is also a customer to many of the fund’s portfolio companies, the Financial Times reported.

Collaborative Fund will invest in Series A and B rounds for companies that offer products and services that are “better for the planet, without asking consumers to sacrifice” (see, “New impact funds build their portfolios and scratch their way to a first close”).

“We’ve built out a really strategic LP and partnership base,” Collaborative Fund’s Sophie Bakalar told ImpactAlpha. McCartney is partnering with Collab Fund portfolio company Protein Evolution, for example, to recycle polyester and nylon fabric into new fibers. 

Impact methodologies

Collab SOS said the fund’s 14 investments reflect its interest in companies with processes such as synthetic biology and precision fermentation that drive impact “in creative new ways.” The portfolio includes BOLT, which is engineering materials from mycelium; Protein Evolution, which is developing an enzyme to break down plastic; and Brimstone Energy, which is producing carbon-negative cement