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UK’s Social Innovation Commission, Nesta, has secured $50 million in its latest impact investment drive

 


The Impact VC Fund arm of UK social innovation agency Nesta today announced a new $50 million funding pot to back early stage impact startups.

Founded in 2011, Nesta Impact Investments typically invests in the Seed and Series A stages, backing UK start-ups and deals across Europe. The fund structure is capitalized by Nesta’s Permanent Fund Fund.

With this latest fundraising pot, Nesta is committed to three major initiatives: giving every child a fair start, helping people live healthy lives and creating a sustainable economy. sector, we aim to drive progress towards the 2030 Global Impact Goals.

The new fund will underwrite between 5 and 10 investments per year. Nesta’s check sizes typically range from 500,000 to 1 million, and the fund allows him to invest up to 4 million per startup in multiple rounds.

Beauhurst figures show that Nesta Impact Investments has been the most active impact fund in the UK market over the past decade. It has stakes in a number of well-known UK start-ups, most notably the digital academic textbook portal BibliU. BibliU is an incubator alumni of the University of Oxford and currently serves 112 leading universities.

About half of the 50 million new funds will be used for direct investment from Nesta Impact Investments over the next five years.

For the remaining $25 million, according to Nesta, this will be reinvested in an accelerator called Impact Founders partnership with the pan-European early-stage VC Founders Factory, Nesta x Founders Factory Venture Studio.

In the announcement, Nesta also revealed the first deals of its latest Impact Budget: online parenting agency Koll Kids, type 2 diabetes treatment startup Habitual Health, and appetite suppressant developer Oxford. Medical products.

Sources

1/ https://Google.com/

2/ https://tech.eu/2022/11/30/uk-social-innovation-board-nesta-allocates-ps50-million/

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