Impact X eyes 100 mln stg for second fund, lands BoA backing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2024
0mins
Source: Yahoo Finance
- Impact X Capital Partners Seeks Funding: The venture capital investor Impact X Capital Partners aims to raise £100 million for its second fund, with support from investors like Bank of America.
- Focus on Diversity in Start-ups: The firm plans to back women and minority-led start-ups in sectors such as technology, healthcare, and media.
- Investors Backing the Fund: Besides Bank of America, other investors include the Visa Foundation, Guy's and St Thomas' Foundation, and technology venture capital investor Atomico.
- Addressing Capital Allocation Disparities: Impact X Capital Partners aims to address the low percentage of venture capital going to women and Black entrepreneurs by making a significant impact through their investments.
- Initial Investment and Impact: The first investment from the new fund is in a British property technology company called iKnowa, marking a step towards supporting diverse-led businesses.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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