The NUImpact Fund’s Inaugural Investment: EatWell Meal Kits
Summary
The Fund contributed $25,000 in SAFE note financing towards EatWell Meal Kits, a Boston-based social enterprise committed to addressing food insecurity and promoting long-term positive health outcomes in the community. EatWell was founded in 2017 by two students at the Harvard T. H. Chan School of Public Health, Dan Wexler (CEO) and Kevin Hall (COO).EatWell was chosen as the top investment prospect from a competitive Fall 2019 cohort of Boston-based impact ventures identified by the NUImpact team. Following these pitches, the Funds management team met extensively with NUImpacts advisors, conducted further diligence with the finalists, and ultimately came to an investment decision. The committee unanimously chose EatWell, sourced by junior analyst Kiley Lubeck (DMSB21) as part of the Food & Agriculture team, due to its success in executing its impactful mission in our Boston community, its impressive traction with partnerships, and its strong management team.As EatWell is now a portfolio company of NUImpact, the Fund team will remain connected with the company going forward through two main avenues. First, EatWell will engage in portfolio management activities including financial reporting and impact measurement with the NUImpact team, with potential to participate in future rounds of financing.