About the fund
The fund reflects City Light's core thesis of "Investing Forward" — partnering with experienced teams to build category-defining solutions where increased revenue directly leads to better lives, focusing on three impact verticals: education technology, safety and care, and environmental innovation. Impact Ventures III is the firm's third flagship fund, following Impact Ventures I (2004) and Impact Ventures II (2014), and was raised alongside a dedicated co-investment vehicle (Impact Co-Invest III). The fund has made 24 investments, with its most recent deal in Empath (September 2020), and has backed companies across education and training services, business/productivity software, and environmental services. City Light takes an active, hands-on approach to portfolio support, including the development of its proprietary Impact Beacon tool — a free platform that helps founders quantify and communicate their social and environmental impact metrics.
