Thursday, December 8, 2022

Redstone and EnjoyVenture introduce Human Impact Capital

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Sabine Elsässer
Sabine Elsässer is founder and chief editor of the StartupValleyNews Magazine. She started her career at several international direct sale companys. Since 2007 she works main time as a journalist. While that time she learned more about the Startup Scene, what made her start her own Startup Magazine the StartupValleyNews.

Redstone and EnjoyVenture introduce Human Impact Capital, Germany’s first dedicated Social Impact VC fund

Redstone and EnjoyVenture announce the successful closing of their Human Impact Capital (HIC) Fund I, a specialized early stage Social Impact VC fund. HIC will focus on digital, innovative solutions aiming to improve the well-being of individuals. The fund invests in startups developing solutions to society’s biggest social challenges, firmly believing that innovation is key to overcome these problems. Entrepreneurs providing solutions to these problems will generate attractive financial returns for investors while advancing our society and laying the foundation for the generations to come.

Over the past years, Redstone has built an exceptional track record combining its proprietary Data Platform with deep industry expertise across 10+ funds. In launching HIC, Redstone is doubling down on social impact and is manifesting its position as one of the leading European venture capital firms.HIC 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.

Among others, the fund’s anchor investors include Bank für Sozialwirtschaft, bringing deep social sector expertise to the table. In this respect, the bank contributed invaluable insights into the needs of the social sector and was closely involved in defining the fund’s investment strategy.

HIC’s investment strategy has been centered around five Sustainable Development Goals (No Poverty, Good Health and Wellbeing, Quality Education, Gender Equality, Reduced Inequalities) andthree core verticals:1. HealthTech: Ensuring health care and protecting the aging population2. Living: Increasing the quality of life and limiting loneliness3. EdTech: Ensuring access to qualitative education and reducing social inequalities
Leveraging its unique LP base, HIC aims to connect portfolio companies and established players from the social space to accelerate innovation.

Even though the most urgent social problems have been evident before the pandemic, Covid has brought the insufficiencies in Health and Education to the spotlight. Redstone and EnjoyVenture want to seize this momentum in making a contribution to a more sustainable future. The fund will actively measure the impact of their investments to ensure an efficient allocation of resources. HIC is among the first funds in Europe to report according to Article 9 SFDR, which covers social and sustainable investments. HIC is hereby legally obliged to ensure that 100% of their investments are qualified as sustainable.

Source COHORT GmbH

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