Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

Royal Street Ventures raises $16 million for Middle America’s startups

ImpactAlpha, January 7 – By global standards, American startups’ access to capital is good. U.S.-based businesses take in half of all venture capital funding worldwide. But national figures obscure regional realities: only about 5% of U.S. venture investments flow to startups in the Southeast and Midwest, according to PitchBook’s data.

Park City, Utah, and Kansas City, Mo.-based Royal Street Ventures targets such overlooked regions. “We’re kids from the middle of the country and love building the ecosystem we came from,” the firm writes.

Royal Street has raised $16.4 million for startups “between the coasts.” Its third fund will make investments of up to $1 million in investment rounds as large as $5 million. 

Geographic impact

Royal Street’s investment thesis emphasizes building entrepreneurial ecosystems in underfunded areas, but it doesn’t call itself an impact investor. The Rise of the Rest fund, which closed its $150 million second fund in October, invests with a similar thesis (see Steve Case’s post, “How Rise of the Rest will have impact — and why it’s not an impact fund”).

Impact in the portfolio

Royal Street’s portfolio of 40 companies includes a number of social impact startups, like female-founded Acivilate, which helps companies measure their social impact; Apostrophe Health, which facilitates health insurance for self-insured employers; local and organic food companies Allgood Provisions and Farm Hand; and solar financing company Wunder Capital (see, “Wunder Capital sells loans to free $200 million for solar financing).

You might also like...