Human Impact Capital: A new €50 million fund launched by Redstone and EnjoyVenture to support social impact startups
Summary
From the rising cost of living to climate anxiety and from changing sociocultural perspectives and political roller coasters, there have been a number of challenges hitting the headlines. Led by innovative, daring thinkers and pursuing agility in business approaches, startups are helping to create solutions to the world’s biggest challenges – and investors are backing these impact-driven ventures, seeing now that impact and profit go hand-in-hand. HIC’s investment strategy has been centred around five Sustainable Development Goals (No Poverty, Good Health and Wellbeing, Quality Education, Gender Equality, Reduced Inequalities) and three core verticals: • None Living: Increasing the quality of life and limiting loneliness Entrepreneurs providing solutions to these problems will generate attractive financial returns for investors while advancing our society and laying the foundation for generations to come. The fund is managed by experienced venture capitalists from Redstone and EnjoyVenture and advised by an exceptional board of advisors led by Prof. Dr. Harald Schmitz, CEO of Bank für Sozialwirtschaft, and Brigitte Zypries, former Federal Minister of Economics and Justice. Leveraging its unique LP base, HIC aims to connect portfolio companies and established players from the social space to accelerate innovation.