ImpactAlpha's Liist
Impact funds actively raising capital
Impact Funds Liist
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| Fund Name | Geography | Goals | Month Featured | Liist Coverage | Fund Description |
|---|---|---|---|---|---|
| Asymmetrica Investments | Latin America and the Carribean | Agricultural Productivity | April 2023 | Read More | The Mexico and Switzerland-based investment firm believes that fertile, arable land in Mexico is undervalued. “Our research has led us to identify asymmetric investment opportunities in high-margin agricultural assets in Mexico,” the company says. Asymmetrica’s strategy to capitalize on these opportunities is to buy farmland from retiring farmers, transition the farms to organic practices – and give farm workers a cut of the equity. ImpactAlpha Coverage Fund Website |
| Capital Good Fund | Northern America | Sustainable Energy | April 2023 | Read More | Capital Good Fund is working to ensure that the green transition reaches low-income communities and communities of color. ImpactAlpha Coverage Fund Website |
| Jaza Rift Ventures | Africa | Health Improvement | April 2023 | Read More | The Kenya-based venture fund wants to catalyze healthcare solutions in Africa that are designed with an African lens. ImpactAlpha Coverage Fund Website |
| Ocean 14 Capital | Europe | Natural Resources Convservation | April 2023 | Read More | Ocean 14 Capital: The European venture fund is raising a €150 million ($164 million) impact fund to invest in the “blue economy.” Aquaculture, fishing and marine ecosystems provide 40 million jobs globally and are projected to be worth $3 trillion by 2030. ImpactAlpha Coverage Fund Website |
| Positive Ventures | Latin America and the Carribean | Equality & Empowerment | April 2023 | Read More | Positive Ventures: The Sao Paulo-based B Corp launched in 2017 to “ensure that impact investing drives the transformative change required for a prosperous, equitable, healthy, and safe Latin America.” Positive Ventures manages $40 million in assets for its clients. ImpactAlpha Coverage Fund Website |
| Rethink Capital Partners | Northern America | Food Security | April 2023 | Read More | New York-based Rethink Capital Partners has for 40 years “been making investments that seek to drive both financial returns and contribute to the betterment of our society, our communities and our planet.” Rethink Food is one of four targeted investment divisions managed by the $3 billion fund manager. The Rethink Food fund is looking to raise $100 million to invest in food tech founders that are redesigning the food system around environmental sustainability, nutrition, and healthy food’s accessibility and affordability in underserved communities. Rethink Food will cut equity checks of $2 million to $8 million to U.S.-based ventures involved in food waste tech, ingredients, agtech and precision farming, sustainable food distribution, “food as medicine,” and packaging. It’s backed by the Mortenson Family Foundation, Bank of America and former CEO of PepsiCo Indra Nooyi. ImpactAlpha Coverage Fund Website |
| Verod-Kepple Africa Ventures | Africa | Sustainable Energy | April 2023 | Read More | Verod-Kepple Africa Ventures The Pan-African investment fund backs Africa’s homegrown tech ventures addressing mobility, climate resilience and other challenges on the continent. The fund is a partnership fund between Nigerian private equity firm Verod Capital and Kepple African Ventures, a Japan and Kenya-based firm. ImpactAlpha Coverage Fund Website |
| VOX Regai Regenerative Agriculture Fund | Latin America and the Carribean | Natural Resources Convservation | April 2023 | Read More | Ninety percent of global deforestation is a consequence of agriculture, livestock rearing and timber industry expansion. The problem is especially visible in Brazil, where more than a quarter of greenhouse gas emissions come from the agriculture sector and more than half of pastureland is degraded. Impact investor Vox Capital is teaming up with Regai on a regenerative land fund that will acquire degraded farmland in Brazil’s Cerrado biome and implement regenerative agriculture practices and restore soils. “Producers need CAPEX to implement models, they need technical assistance to assure best practices, and they need a capital structure that understands the natural lifecycle of restoration,” the partners say. The fund will provide long-term capital alongside technical assistance. “By doing so, the fund’s impact goal is to achieve food security while preventing further deforestation,” the partners explain. ImpactAlpha Coverage Fund Website |
| Beneficial Returns | Latin America and the Carribean | Income/Productivity Growth | August 2022 | Read More | Beneficial Returns’ The Reciprocity Fund supports social enterprises that create economic opportunity and sustainable livelihoods to promote prosperity among indigenouscommunities in Latin America and Southeast Asia. ImpactAlpha Coverage Fund Website |
| CNote Wisdom Fund | Northern America | Access to Financial Services | August 2022 | Read More | CNote is a women-led impact investing platform that makes diversified community investments via federally-certified community lenders to increase economic mobility and financial inclusion. ImpactAlpha Coverage Fund Website |
| Denkyem Coop | Northern America | Access to Financial Services | August 2022 | Read More | Denkyem Coop is a Washington-based social purpose corporation that provides affordable loans to Black-owned businesses. Denkyem applies character-based underwriting and offers revenue-based financing for growing businesses in Washington state that are focused on improving their communities. ImpactAlpha Coverage Fund Website |
| Gigawatt Global | Africa | Sustainable Energy | August 2022 | Read More | Gigawatt Global is a Jerusalem-based, Dutch-registered company that provides access to renewable energy in Africa while also supporting humanitarian and social causes including women’s empowerment, health, education, access to clean water, and food security. ImpactAlpha Coverage Fund Website |
| Maya Capital | Latin America and the Carribean | Income/Productivity Growth | August 2022 | Read More | Maya Capital’s ambition is to transform Latin America through entrepreneurship. The company, which was co-founded by Monica Saggioro and Lara Leman, calls itself a “startup investing in startups,” with a focus on long-term partnerships. “We empower diverse talent with a fearless passion about driving systemic change.” ImpactAlpha Coverage Fund Website |
| Renew West | Global | Sustainable Land Use | August 2022 | Read More | RenewWest creates and manages large-scale ecosystem regeneration projects. The company supplies independently-verified, scientifically-rigorous, and social benefit-focused carbon offsets to leading global ESG-focused companies. Its team is composed of experienced carbon market and project experts, entrepreneurs and foresters. ImpactAlpha Coverage Fund Website |
| rePlant Capital | Global | Sustainable Land Use | August 2022 | Read More | rePlant Capital is a climate finance firm that aims to scale regenerative agriculture that supports ecological benefits like soil health and water and biodiversity improvements. rePlant is deploying capital across the agricultural value chain through a series of funds. ImpactAlpha Coverage Fund Website |
| Acumen LatinAm Impact Ventures (ALIVE) | Latin America and the Carribean | Employment Generation | December 2022 | Read More | Acumen LatinAm Impact Ventures, or ALIVE, invests in tech-enabled growth-stage companies that are boosting livelihoods and reducing inequality in the region. The Colombia-based firm launched in 2018 with backing from Acumen. It raised $28 million for its first fund, which made seven investments in five countries and realized one partial exit, in edtech venture Crehana. ImpactAlpha Coverage Fund Website |
| Amazonia Impact Ventures | Latin America and the Carribean | Sustainable Energy | December 2022 | Read More | Amazonia Impact Ventures (fund that invests in climate solutions and Indigenous communities in the Amazon rainforest) ImpactAlpha Coverage Fund Website |
| Better Ventures | Global | Access to Clean Water and Sanitation | December 2022 | Read More | Better Ventures launched in 2011 to help promising, mission-driven companies get over early fundraising hurdles. The Oakland-based venture firm’s three funds have invested in more than 50 science and tech companies tackling challenges from medical research in Africa, to remote work, to clean water access. Better Ventures is raising a $60 million fourth fund that will focus on three core themes: sustainable food, workforce resilience, and “electrification of everything.” ImpactAlpha Coverage Fund Website |
| Deetken Impact Alternative Finance IV | Northern America | Sustainable Energy | December 2022 | Read More | Deetken Impact Alternative Finance IV is a 10-year, Ontario-domiciled fund with a traditional 2/20 fee structure. The minimum commitment is $1 million. Deetken also manages a sustainable energy-focused portfolio that offers mezzanine financing for renewable energy, energy efficiency and energy storage projects in the region. ImpactAlpha Coverage Fund Website |
| Deetken Impact Sustainable Energy III | Latin America and the Carribean | Women and Girls | December 2022 | Read More | Deetken Impact stands out in the gender-lens investment landscape as one of the few women-focused fund managers that has raised five funds (see…TK ) The Vancouver-based firm invests in businesses delivering sustainable energy and improving livelihoods in Latin America and the Caribbean. ImpactAlpha Coverage Fund Website |
| I2I Ventures | Asia | Women and Girls | December 2022 | Read More | I2I Ventures is addressing two big overlooked opportunities. The women-led and women-focused VC fund backs early-stage tech startups in the world’s fifth biggest country: Pakistan. ImpactAlpha Coverage Fund Website |
| New Way Homes | Northern America | Access to Financial Services | December 2022 | Read More | New Way Homes is a nonprofit, California-based public benefit corporation that is addressing housing displacement and racial equity through real estate investments. The organization’s impact fund supports the development of affordable, workforce and supportive housing “so that people can live in the California communities in which they work,” according to New Mexico Angels’ Drew Tulchin, a New Way Homes investor. ImpactAlpha Coverage Fund Website |
| Acceso Impact Fund | Latin America and the Carribean | Women and Girls | February 2023 | Read More | Women-led Acceso Impact Fund is a gender-focused debt fund that invests in companies throughout Central America, the Caribbean and the South of Mexico. The fund is a partnership between Guatemalan investment manager Grupo IDC and Alterna, an organization supporting impact entrepreneurship in Latin America. Acceso is an evergreen impact fund domiciled in Panama. It will provide loans and revenue-based finance of $100,000 to $1 million. ImpactAlpha Coverage Fund Website |
| Aera VC | Asia | Energy and Fuel Efficiency | February 2023 | Read More | Aera VC is an early-stage venture capital firm focused on deep tech for sustainability. Its Climate and Frontier Fund, based in Singapore, is looking to raise $75 million to make equity investments in alternative proteins, carbon capture tech, industrial decarbonization tech, as well as climate data and analytics startups. ImpactAlpha Coverage Fund Website |
| Climate Seeds Fund | Asia | Sustainable Energy | February 2023 | Read More | Climate Seeds Fund evolved out of the Climate Collective Foundation, one of the largest climate tech accelerators in South Asia. The fund’s goal is to help early-stage startups in India’s booming climate tech ecosystem overcome seed and pre-Series A financing gaps. ImpactAlpha Coverage Fund Website |
| FullCycle Climate Partners | Northern America | Sustainable Energy | February 2023 | Read More | L.A.-based FullCycle Climate Partners is an equity VC firm focused on climate infrastructure companies whose technologies have potential for gigaton-scale decarbonization. Its fund invests in circular economy, agtech, clean energy, energy efficiency, and industry and manufacturing ventures that are in the early stages of commercialization. ImpactAlpha Coverage Fund Website |
| IMPAQTO Capital | Latin America and the Carribean | Access to Financial Services | February 2023 | Read More | IMPAQTO Capital is using revenue-based and other non-dilutive, flexible capital to support early-stage impact businesses in Ecuador and elsewhere in Latin America’s Andean region. ImpactAlpha Coverage Fund Website |
| Invest Appalachia | Northern America | Income/Productivity Growth | February 2023 | Read More | Invest Appalachia aims to drive economic inclusion, health equity and climate resilience in the low-income Central Appalachia region of the U.S., which has suffered from decades of extraction and disinvestment. The majority-white region is also home to a significant Indigenous population, as well as Black, Latino and Asian descendants of coal mine workers. ImpactAlpha Coverage Fund Website |
| Living Cities’ Catalyst Fund | Northern America | Income/Productivity Growth | February 2023 | Read More | Living Cities has been testing how to drive more capital to address the racial wealth gap and shift power within capital systems for more than a decade through its series of Catalyst Funds. The New York and Washington, D.C.-based nonprofit is raising its third Catalyst Fund with a target of $100 million. ImpactAlpha Coverage Fund Website |
| Altalurra Ventures | Northern America | Sustainable Energy | March 2023 | Read More | Altalurra Ventures is a Black-led venture capital fund that invests in early-stage impact tech and sustainability startups. The fund, domiciled in Delaware, is looking to raise $50 million “to bring capital to underserved and impactful startups with social impact value-add and immediately applicable environmental and resource-preserving technologies.” ImpactAlpha Coverage Fund Website |
| Jaya Ventures (Global Bio Fund) | Northern America | Health Improvement | March 2023 | Read More | The fund, called Jaya Ventures, will back women-led healthtech ventures with a deep foundation in science, their own intellectual property, and B2B business models. Jaya will invest in seed to Series A equity rounds for companies in the U.S., the U.K., Australia and New Zealand. ImpactAlpha Coverage Fund Website |
| LearnLaunch Fund + Accelerator | Northern America | Access to Education | March 2023 | Read More | LearnLaunch Fund + Accelerator supports early-stage ventures developing education products and services, from early-childhood to workforce development and upskilling in underserved communities. ImpactAlpha Coverage Fund Website |
| LOIM Sustainable Private Credit Strategy | Northern America | Access to Financial Services | March 2023 | Read More | Lombard Odier Investment Managers is rolling out a new private credit strategy that will offer short-term debt on North American businesses delivering sustainable goods, services and real assets advancing the net-zero transition. ImpactAlpha Coverage Fund Website |
| Regenera Ventures | Global | Sustainable Land Use | March 2023 | Read More | Regenera Ventures’ vision is to shift away from the “commoditized landscape mindset” that dominates agricultural and agro-forestry practices and help land stewards build and capture more diverse revenue streams, including agricultural products, carbon offsets, and water harvesting, while restoring biodiversity and strengthening landscapes’ resilience. ImpactAlpha Coverage Fund Website |
| WakeUp Capital | Europe | Sustainable Land Use | March 2023 | Read More | WakeUp Capital is filling an unmet need for early-stage capital for Ireland’s social enterprises. The women-led fund is raising €50 million for its first fund to invest in tech ventures addressing climate change, biodiversity loss, sustainable food systems, plastic consumption, social inequality, and healthcare. ImpactAlpha Coverage Fund Website |
| Beyond Capital Ventures fund | Eastern Africa | Income/Productivity Growth | November 2022 | Read More | Beyond Capital Ventures is a women-led venture capital fund that invests in startups delivering basic goods and services to consumers in East Africa and India. ImpactAlpha Coverage Fund Website |
| BlackTech Capital | Global | Sustainable Energy | November 2022 | Read More | BlackTech Capital backs early-stage Black and other underrepresented founders that are building solutions to the climate crisis. ImpactAlpha Coverage Fund Website |
| Boston Impact Initiative | Northern America | Access to Financial Services | November 2022 | Read More | Boston Impact Initiative, a charitable loan fund, aims to close the city’s racial wealth divide by supporting access to capital for businesses run by people of color. It launched in 2013 with a goal to ensure that “economic and racial justice becomes integral to any community-centered investment strategy.” ImpactAlpha Coverage Fund Website |
| Omnivore fund | Asia | Agricultural Productivity | November 2022 | Read More | Omnivore is an India-focused impact venture capital firm that funds entrepreneurs working to improve the country’s agriculture and food systems. ImpactAlpha Coverage Fund Website |
| Propeller Ventures | Global | Water Resources Management | November 2022 | Read More | Propeller Ventures invests in and builds companies using science and technology to address the climate crisis through ocean-based solutions. ImpactAlpha Coverage Fund Website |
| Wangara Green Ventures | Western Africa | Access to Financial Services | November 2022 | Read More | Wangara Green Ventures invests in small businesses and startups advancing Ghana’s climate-resilient economic transformation. The Accra-based fund manager is raising a $10 million first fund to provide early funding for companies like WamiAgro, which is providing access to credit, markets and training for Ghana’s grain farmers. ImpactAlpha Coverage Fund Website |
| Africa Eats | Africa | Food Security | October 2022 | Read More | Africa Eats launched in year-TK with a mission to reduce food insecurity and poverty on the African continent. The last place on Earth where you’ll find a billion people still dealing with daily hunger and subsistence-level poverty is Africa,” says Africa Eats founder Luni Libes. “The solution to both isn’t philanthropy, it’s investments” ImpactAlpha Coverage Fund Website |
| Africa Trust Group | Southern Africa | Women and Girls | October 2022 | Read More | South Africa-based Africa Trust Group was founded by Lelemba Phiri to address a problem she first experienced as an entrepreneur: lack of women in business leadership and decision-making. The venture fund invests in seed-stage, women-led companies with a goal of helping female founders graduate to later-stage capital rounds. ImpactAlpha Coverage Fund Website |
| Alder Point Capital | Northern America | Sustainable Energy | October 2022 | Read More | Alder Point Capital was formed this year by three veterans of New Island Ventures to offer investors a twist on sustainable real assets: climate-resiliency. “We’ve been realizing over the last 10 years that these assets are being exposed to more and more climate risk,” Alder Point Capital Management’s Chris Larson told ImpactAlpha. ImpactAlpha Coverage Fund Website |
| Echo River Capital | Global | Water Resources Management | October 2022 | Read More | Echo River Capital is addressing global water issues by investing in new technologies that aim to “digitize, decarbonize and decentralize the water cycle to improve human health, the environment and climate resilience.” ImpactAlpha Coverage Fund Website |
| Five35 Ventures | Africa | Food Security | October 2022 | Read More | South Africa-based Five35 Ventures invests in early-stage tech startups founded by and for women in Africa. Its early portfolio includes money transfer app MaxiChase; Motherbeing, an online portal for women’s and maternal health; and agtech venture Complete Farmer, which primarily supports female farmers. ImpactAlpha Coverage Fund Website |
| Mirova Sunfunder | Africa | Sustainable Energy | October 2022 | Read More | SunFunder more than a decade ago spotted a significant roadblock in the race to reduce energy poverty in Africa through clean energy access: financing for clean energy companies. Ventures selling solar lighting products and systems to mostly low-income consumers needed debt capital in order to offer their customers pay-as-you-go loans. ImpactAlpha Coverage Fund Website |
| R.I.S.E. fund | Asia | Women and Girls | October 2022 | Read More | The partners’ R.I.S.E. Fund makes debt and equity investments and offers revenue-based financing to early-stage enterprises supporting local artisans while also operating sustainably, empowering women and addressing climate impacts. It has leveraged $1.6 million in grants and donations to support artisan organizations in India, Mexico, Guatemala, Cambodia, Indonesia and Pakistan that are impacting more than two million people. ImpactAlpha Coverage Fund Website |
| WIC Capital | Asia | Women and Girls | January 2023 | Read More | WIC Capital is addressing Senegal’s small business financing gap while empowering female investors and women-led businesses. The Dakar-based investment firm provides equity and quasi-equity capital to female founders who are providing or improving in-demand products and services. WIC, which stands for Women’s Investment Club, started as a network of female angel investors wanting to support other women’s business ventures. Its investment arm is raising a $20 million investment fund. ImpactAlpha Coverage Fund Website |
| Blackhorn Ventures | Northern America | Sustainable Energy | January 2023 | Read More | Blackhorn Ventures is a Colorado-based venture capital fund focused on greening resource-intensive sectors like transportation, energy and real estate, as well as supply chains, in the U.S. “Emission intensity is directly correlated with resource use and resource efficiency,” the company says. It’s “pursuing the most direct and effective way to combat climate, economic and political destabilization that may result from climate change, resource degradation and unavailability, and ecological system collapse.” ImpactAlpha Coverage Fund Website |
| TAS | Northern America | Sustainable Energy | January 2023 | Read More | Toronto-based TAS is a social and environmental justice-focused impact firm that invests in real estate projects in Canada. “We are tackling climate change, broadening affordability and equity, and building social capital to create neighborhoods– and ultimately cities – where people thrive and belong,” the firm says. The firm is looking to raise $300 million from accredited investors for its fourth fund, TAS Impact Development LP4. ImpactAlpha Coverage Fund Website |
| Upstart Co-Lab | Northern America | Income/Productivity Growth | January 2023 | Read More | New York-basedUpstart Co-Lab was launched seven years ago by Laura Callanan, the former top official for the National Endowment for the Arts, to get investors to spot the investment—and impact—opportunity of the creative economy. The nonprofit organization’s new $100 million pooled investment vehicle will enable Upstart Co-Lab to directly help investors capitalize on those opportunities. ImpactAlpha Coverage Fund Website |
| Menterra | Asia | Income/Productivity Growth | January 2023 | Read More | Menterra has been investing in India’s high-impact tech startups since 2016, when it spun out of impact accelerator Villgro. Menterra’s second fund has so far raised $30 million from the Lemelson Foundation, as well as a U.K.-based family office, a fund of funds backed by the Indian government and several high net worth individuals. ImpactAlpha Coverage Fund Website |
| TEAMFund | Northern America | Health Improvement | January 2023 | Read More | Nonprofit organization TEAMFund is working to minimize strain by investing in medical and digital health technologies that “improve the accessibility, affordability, and quality of care for underserved patient populations.” It focuses in particular on entrepreneurs who have experienced first-hand the issues their companies are addressing. TEAMFund started with a $30 million first fund that was backed by Merck, Boston Scientific, the Sorenson and Lemelson foundations and other investors. Its second fund is looking to raise $150 million from accredited investors to build on TEAMFund’s original thesis. ImpactAlpha Coverage Fund Website |
| Climate Asset Management | Europe | Sustainable Energy | January 2023 | Read More | U.K.-based Climate Asset Management launched in 2020 to prove that protection and restoration of natural resources can be attractive to institutional investors. The firm, which was launched in partnership between HSBC Asset Management and climate investor Pollination, is looking to raise $1.6 billion across two Luxembourg-domiciled funds. It has so far raised $650 million, roughly evenly split between the two funds. ImpactAlpha Coverage Fund Website |
| Capria Ventures | Global | Income/Productivity Growth | May 2023 | Read More | Capria Ventures is raising its second fund to make early-stage tech investments in emerging markets. The firm is looking to raise $100 million to cut equity checks of $2 million to $3 million. It has secured backing from Gates Ventures, OIP Investment Trust, Crystal Springs Foundation, the Sall Family Foundation, the Brakeman Family Trust and others. ImpactAlpha Coverage Fund Website |
| Catalyst Opportunity Funds | Northern America | Affordable Housing | May 2023 | Read More | Salt Lake City-based Catalyst Opportunity Funds was launched by Sorenson Asset Management in 2019 to invest in real estate developers building affordable housing for low-income, underserved and minority communities. Catalyst is eyeing a $250 million raise for its second fund. ImpactAlpha Coverage Fund Website |
| Habitat Mortgage Solutions | Northern America | Affordable Housing | May 2023 | Read More | Housing NGO Habitat for Humanity International launched Habitat Mortgage Solutions in 2017 to reduce financing barriers to homeownership for low-income families. The community development financial institution is in the market with a $100 million strategy to create access to homeownership for 1,000 buyers. The fund is part of Habitat’s Advancing Black Homeownership initiative, launched last June, which leverages Habitat’s local affiliates and other partners to reduce the homeownership gap for Black households. ImpactAlpha Coverage Fund Website |
| New Mexico Vintage Fund | Northern America | Income/Productivity Growth | May 2023 | Read More | New Mexico has one of the poorest economies in the US. Santa Fe-based New Mexico Vintage Fund wants to give the state’s diverse entrepreneurs and green businesses a boost with a $2.5 million flexible finance fund. The fund cuts checks of up to $250,000 using a combination of equity, debt, revenue-based finance, SAFEs and other instruments. ImpactAlpha Coverage Fund Website |
| Secha Capital | Southern Africa | Income/Productivity Growth | May 2023 | Read More | Secha Capital got its start in 2017 with an investment thesis focused on “boring” but essential and job-creating business sectors in Southern Africa. The private equity firm takes a stake as an operating partner in small companies where it can help modernize, professionalize and scale up analog business models. Secha’s second fund is looking to raise $50 million to make 15 equity and convertible debt investments. ImpactAlpha Coverage Fund Website |
| Wire Group | Europe | Sustainable Land Use | May 2023 | Read More | Dutch impact advisor Wire Group made the switch from impact investment advisor to fund manager with the launch of its first fund of funds in 2019. It’s now raising a second fund to invest in regenerative agriculture, health and nutrition, sustainable forestry, and inclusivity for marginalized groups. Wire Thrive Fund has a target of €80 million to back 12 to 15 in private equity, venture capital and real asset impact fund managers. ImpactAlpha Coverage Fund Website |
| 4impact | Europe | Income/Productivity Growth | June 2023 | Read More | Ali Najafbagy and Pauline Wink, former colleagues at Goldman Sachs, launched 4impact in 2019 to invest in early-stage, impact-driven software companies. The Netherlands-based firm’s portfolio includes climate fintech startup Carbon Equity and Envision, an AI-based voice guidance app for the visually-impaired. With its second fund, 4impact is looking to raise €100 million to invest beyond the Netherlands into Belgium, Luxembourg, Germany and the Nordics. ImpactAlpha Coverage Fund Website |
| Jive Investments and Maua Capital | Latin America and the Carribean | Sustainable Land Use | June 2023 | Read More | Latin America is emerging as a test bed for new natural capital and land investment strategies. Sao Paulo-based Jive Investments and Maua Capital are raising 450 million reais ($89 million) for a blended-finance fund to restore more than two million acres of degraded land in Brazil’s Cerrado region, one of the most biodiverse regions in the world. The fund will be used to scale up the Reverte Program, a farmer financing and training initiative that was started in 2021 by The Nature Conservancy and agrichemicals giant Syngenta. The program has restored more than 150,000 hectares of land. ImpactAlpha Coverage Fund Website |
| Lendable | Africa | Access to Financial Services | June 2023 | Read More | Lendable launched in 2014 to spur digital financial inclusion by lending to emerging market fintech companies. The company has deployed more than $350 million to 23 ventures in 14 countries, including Fin in South Africa, Khazna in Egypt and Amartha in Indonesia. Lendable is raising a $250 million blended-finance to ramp up investments in fintech companies catering to small businesses and providing essential services in Africa, India, Southeast Asia and Latin America. ImpactAlpha Coverage Fund Website |
| NXST Revenue-Based Financing Fund | Northern America | Access to Financial Services | June 2023 | Read More | Five organizations are partnering on a $15 million revenue-based loan fund that will invest in small businesses run by people of color in underserved communities. Next Street, Allies for Community Business, AltCap, Lendistry and Virginia Community Capital will invest cut checks of up to $350,000 in 100 small businesses in California, New York, Texas, Virginia, Illinois and the Appalachia. ImpactAlpha Coverage Fund Website |
| Nithio | Africa | Sustainable Energy | June 2023 | Read More | Nithio supports the clean energy transition in Africa by financing local solar, electric mobility and microfinance companies. The women-led investment firm is looking to raise $150 million in blended finance to make debt investments of $500,000 to $5 million for working capital and inventory and asset financing. ImpactAlpha Coverage Fund Website |
| Overlay Capital | Northern America | Sustainable Energy | June 2023 | Read More | Overlay Capital has its eye on environmentally-focused fund managers like Lowercarbon Capital, At One Ventures and Muus Climate Partners. The Atlanta, Georgia-based investment firm is in the market with a $50 million to $70 million fund, Overlay Capital Innovation Fund, to invest up to $4 million in such funds, as well as impact ventures up to the Series B stage. The fund will track environmental impact metrics including carbon emissions reduction, fossil fuel replacement rates, water and energy efficiency. ImpactAlpha Coverage Fund Website |
| Energy Peace Partners and Cameo | Africa | Sustainable Energy | June 2023 | Read More | Energy Peace Partners is teaming up with London-based impact fund manager Cameo to facilitate renewable energy project development in conflict-prone parts of Africa. The partners are looking to raise $10.3 million in grants and concessional capital – as well as $500,000 in grants for project preparation – to serve as first-loss, catalytic capital for getting new renewable energy developments off the ground. They’re hoping to spur $90 million in additional investment. ImpactAlpha Coverage Fund Website |
| Center Creek Capital Group | North America | Affordable Housing | September 2023 | Read More | Washington-based Center Creek Capital Group is in the market with a $100 million fund to invest in the acquisition, rehabilitation and redevelopment of distressed single-family rental homes located in majority-minority and underserved US neighborhoods. The closed-end private equity real estate fund, which has a hard cap of $150 million, is Center Creek’s third fund focused on improving the existing stock of naturally-occurring affordable single-family homes in the Southeastern US region. Naturally-occurring affordable housing, or NOAH, allows building owners to maintain low rents without federal subsidy or public funding. ImpactAlpha Coverage Fund Website |
| Ditiro Capital | Southern Africa | Employment Generation | September 2023 | Read More | Madichaba Nhlumayo launched Ditiro Capital in 2019 to invest in mid-sized businesses in South Africa’s high-growth sectors, including food-processing, infrastructure, manufacturing and healthcare. The goal is to drive economic growth and quality jobs through improved employment equity, workforce diversity and upskilling workers, particularly women workers. The Johannesburg-based private equity firm is looking to raise up to 800 million rand (around $42 million) to acquire majority or significant minority stakes in a half-dozen businesses. Ditiro will write average checks of 70 million rand for businesses with sustainable yearly annual revenues of between 20 million to 40 million rand. The Black women-led fund raised 360 million rand ($14.5 million) in a first close earlier this year from Thuso Partners and local pension fund managers Motor Industry Retirement Funds and Telkom Retirement Fund. ImpactAlpha Coverage Fund Website |
| Farmland LP | North America | Agricultural Productivity | September 2023 | Read More | Growing consumer demand for organically-grown food in recent years has overwhelmed the supply of organic cropland. Out of approximately 900 million acres of farmland in the US, only around 1.2% is certified as organic, according to the latest certified organic survey by the US Department of Agriculture.. San Francisco-based Farmland LP has deployed nearly $200 million since 2014 across two funds to acquire and convert conventional, chemical-based farmland to regenerative and certified organic farms. An inaugural $60 million fund acquired and converted the majority of a 5,000-acre portfolio, yielding a net post-tax IRR of 9% for investors. “We have demonstrated that converting low-margin, high-volume farmland into high-margin organic alternatives generates substantial financial benefits while simultaneously promoting environmental stewardship,” Farmland LP’s Craig Wichner told ImpactAlpha last month. Farmland LP has raised $50 million towards its third fund, which is targeting $250 million to acquire and convert farmland in northern California, Oregon and Washington. Farmland LP will also target new markets where it can benefit from economies of scale by owning at least $50 million of farmland in each market. The Delaware-domiciled fund’s first deal is a nearly 1,200-acre farm in Oregon’s Yamhill County. ImpactAlpha Coverage Fund Website |
| Quona Capital | North America | Access to Financial Services | September 2023 | Read More | Since 2015, Quona Capital has carved out a niche investing in fintech companies that are working to create access to financial services for underserved consumers and small enterprises in emerging markets. The Washington, DC-based impact investor has deployed over $400 million across 72 companies, whose products and services have reached nearly 145 million people. Quona is looking to raise $75 million for an Opportunity Fund to double down on existing portfolio companies at the post-Series B stage. The firm’s portfolio includes Egyptian lender Khazna, India’s enterprise tech venture Arya, and Brazilian neobank Neon. Quona’s portfolio last year generated more than $1.5 billion in revenues. ImpactAlpha Coverage Fund Website |
| The De-Carceration Fund | North America | Human Rights Protection or Expansion | September 2023 | Read More | The War on Drugs was a term coined during the Nixon administration to describe harsher policing and sentencing for illegal drug use. Beginning in the 1970s, the War on Drugs “fueled a rapid expansion in the nation’s prison population beginning in the 1980s,” Chris Bentley of The De-Carceration Fund told ImpactAlpha. That has “led to a rapid expansion of companies trying to capitalize on this trend, driven by misaligned incentives and exploitative business models.” The Philadelphia-based venture fund is one of the very few impact investors backing the growing ecosystem of ‘justice tech’ entrepreneurs aiming to disrupt the US criminal justice system. The fund will target companies focused on reducing the entry of individuals into the criminal justice system, as well as increase likelihood of a successful transition out of the system. The De-Carceration Fund is looking to raise up to $25 million to back between a dozen or more early-stage justice tech ventures with initial checks of up to $500,000, as well as follow-on investments in select portfolio companies. More than half of the fund will go to justice tech founders of color. ImpactAlpha Coverage Fund Website |
| West Potomac Capital | North America | Access to Financial Services | September 2023 | Read More | West Potomac Capital, an Arlington, Va.-based alternative asset manager, is seeking to raise $250 million to back mission-driven financial institutions. MDFIs, as they are known, are key to expanding access to equitable banking, credit and other types of financial products and services to minority and low-income communities. West Potomac will target women-owned depository institutions, US banks and credit unions, community development financial institutions and low-income designated credit unions. West Potomac’s WPC Financials Impact Fund I will write checks ranging from $5 million to $20 million for up to 30 MDFIs. The fund is eyeing a first close by the end of the year, and is hoping to bring in commitments from banks and other financial institutions seeking to satisfy their Community Reinvestment Act requirements. The WPC Financials Impact Fund is designed as a public welfare investment fund to qualify for incentives for making public welfare investments under the Federal Reserve Act. A separate deposit placement strategy aims to attract deposits from corporations, financial institutions, philanthropic organizations and other investors to MDFIs. ImpactAlpha Coverage Fund Website |
What is the Liist?
The Liist is a selection of impact-oriented funds in the market raising capital – curated monthly based on public or accessible information.
For fund managers: Get in front of investors, family offices, financial advisors and wealth managers actively deploying capital into impact funds.
For investors: Cut your research time and discover impact fund managers in the market seeking capital.*
Impact Fund Coverage
The Liist, September 2023: Impact funds scale up their ability to absorb and deploy capital
ImpactAlpha, September 5 — It’s just as hard to raise $10 million as it is to raise $100 million, or perhaps even harder.
Roodgally Senatus
September 5, 2023
The Liist, August 2023: First-time fund managers bet on economic inclusion and shared prosperity
ImpactAlpha, August 8 – Raising a new fund isn’t for the faint of heart. New fund managers hear a lot of no’s before
Jessica Pothering
August 8, 2023
The Liist, July 2023: Green twists on inclusive, place-based investing
ImpactAlpha, July 11 – Diverse clean tech founders in Los Angeles. Shopping centers in Chicago. And diverse, women-centered neighborhood real estate nationwide. Fund
Jessica Pothering
July 11, 2023
The Liist, June 2023: Fund managers get creative with catalytic capital for energy, nature and financial inclusion
ImpactAlpha, June 6 – Energy Peace Partners and impact fund manager Cameo are out to prove that even in conflict zones there are
Jessica Pothering
June 6, 2023
The Liist, May 2023: Inclusive community funds finance local businesses, affordable housing and pathways to wealth creation
ImpactAlpha, May 2 – The past year’s market volatility only amplified America’s crisis of affordable housing, “hitting low- and moderate-income individuals and families
Jessica Pothering
May 2, 2023
The Liist, April 2023: Impact managers craft fund strategies to restore lands and oceans
ImpactAlpha, April 4 – The 53rd annual Earth Day is coming up on April 22. Private investors are more engaged than ever. This
Jessica Pothering
April 4, 2023
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