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€10m investment fund for sustainable start-ups launched
A new €10m fund has been established to invest in socially-conscious start-ups on the island of Ireland.
The Impact Syndicate, which is being launched by the Halo Business Angel Network, will look to back firms that are seeking to make “positive and measurable social and environmental change alongside financial returns”.
Its members will make investments over the next three years, targetting firms operating in areas like agri-tech & food supply chain, energy, and climate.
HBAN is a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland.
It aims to promote very early stage – or angel – investment on the island, which typically comes before companies are in a position to undertake significant fundraising.
The Impact Syndicate will be co-chaired by Faye Walsh Drouillard and Mark Peters, who are both investors in the area.
Ms Walsh Drouillard is also co-founder of WakeUp Capital, while Mr Peters is director of EMEA partnerships at Google.
“HBAN’s Impact Syndicate will help to drive ground-breaking ESG [Environmental, Social, and Governance] innovation across the island of Ireland by providing the funding and knowledge that socially-aware start-ups need to scale,” said Julian Seymour, syndicates manager at HBAN. “This will be supported by our two chairs who have extensive experience in impact investing, and who have significantly contributed to the growth of impact investing here.”
Article Source – €10m investment fund for sustainable start-ups launched – RTE – Adam Maguire
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