<\/p>\n
Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany\u2019s first dedicated scial impact VC fund. The fund will deploy cash into digital business models focusing on health, education and \u201cliving,\u201d and explicitly invests to have an impact along sustainable development goals. To HIC, this means \u201cNo Poverty, Good Health and Wellbeing, Quality Education, Gender Equality and Reduced Inequalities.\u201d<\/p>\n
I spoke with the fund\u2019s manager, Lucas Paul, to find out what drove the creation of the fund and its investment thesis.<\/p>\n
\u201cWe are convinced that innovation is key to overcoming the biggest social challenges of our time, and we are dedicated to contributing to a better future and supporting innovation through investments in social impact startups,\u201d said Paul in an interview with . \u201cEntrepreneurs providing solutions to these social problems will advance our society and lay the foundation for the generations to come. While impact VC investments are on the rise, 75% of those flow into environmental topics.\u201d<\/p>\n
For the initial closing, the fund decided to partner with strategic anchor investors having strong ties to the social sector. Among others, the Bank f\u00fcr Sozialwirtschaft, Germany\u2019s leading bank for the social sector, committed substantially to HIC, fund reps told me.<\/p>\n
The fund aims to invest in digital business models that tackle society\u2019s biggest challenges, typically investing between \u20ac500,000 and \u20ac1.5 million. The firm focuses on early-stage startups in Europe, and reserves more than 60% of its commitments to follow-on investments.<\/p>\n
\u201cWe firmly believe that economic profit and positive impact mutually reinforce each other and will accelerate at scale. We\u2019d like to prove this fundamental belief and show that we\u2019re able to generate above-average returns for our investors while maximizing the social impact of our investments,\u201d Paul said. \u201cIdeally, this concept is proven and widely accepted 10 years from now, which would make the world a better place.\u201d<\/p>\n
One of the areas where the firm believes it can have an impact, and where it is actively seeking to invest, is in technologies that make aging smoother.<\/p>\n
\u201cOne element that is a common characteristic of all Western society is an aging population. Access to this growing target group is crucial today and will become even more important in the future. The challenge needs to be faced now. We currently do not see a lot of models that have solved the problem of accessing this group and of including them in an ever-changing jungle of digital solutions,\u201d said Paul. \u201cMost digital startups simply ignore people older than 50 within their target group and are missing out on enormous revenue potential while the quality of life of the elderly stagnates. We\u2019d like to see more ambitious founding teams working on solutions for the elderly to ensure health care, to protect the aging population while limiting loneliness.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany\u2019s first dedicated scial impact VC fund. The fund will deploy cash into digital business models focusing on health, education and \u201cliving,\u201d and explicitly invests to have an impact along sustainable development goals. To HIC, this means \u201cNo Poverty, Good Health and Wellbeing, […]<\/p>\n","protected":false},"author":1,"featured_media":1235672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1235670","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrity-gossip"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1235670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1235670"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1235670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1235670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1235670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1235670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}