What Impact Can $30 Million Have?
In the first 18 months of Impact Foundation, we have place $30 Million in 53 Impact Companies, spanning the globe from Silicon Valley to Laos. The impact of those investments encompasses most of the main categories of transformation sought by traditional charity - e.g., poverty alleviation and education - plus a few areas that charity cannot reach, like "redemptive business" (discussed in this blog).
A Few of the Portfolio Companies
Piece & Co's extensive, seasonal collections marry sustainable fibers with heritage techniques.
The unique supply chain is brought to life through our partnerships. The Piece and Co.'s global artisan network has created textiles and products for brands such as NIKE, Banana Republic, Mara Hoffman, Tome, Wholefoods and Tory Burch, while partnering with premiere retailers such as Nordstrom and Shopbop.
Verdant Frontiers is on a mission to end poverty in Africa by creating large-scale, for-profit businesses. An investment company of sorts, Verdant offers investors project-specific opportunities to invest in start-up and growth stage businesses led by proven management teams with massive scale potential. Verdant aims to generate strong profits for investors with purposeful impact on the communities where we work.
Their founders give 50% of their profits towards catalyzing positive transformation among the people and markets where we do business.
Impact Foundation is excited to invest with them and help reach the first milestone - create 1 million jobs and $1 billion in annual revenue by 2025.