New Human Impact Capital fund launched
Janina Gerhardt
| 27.10.2022
The impact fund aims to invest in startups that provide solutions to social problems in housing, education and health.
Redstone and EnjoyVenture have launched the Human Impact Capital (HIC) Fund I. The early-stage VC fund is endowed with €50 million and aims to invest in digital business models that add social value and provide solutions to social challenges. The fund focuses on startups in the areas of health, housing and education. The aim is to invest in healthtechs that help secure healthcare and protect the aging population. In the area of housing, the focus is on increasing quality of life and reducing loneliness. Education startups will be funded if they can reduce social inequalities and ensure access to quality education.
HIC is managed by venture capitalists from Redstone and EnjoyVenture. The fund is advised by an advisory board led by Harald Schmitz, CEO of the Bank für Sozialwirtschaft, and Brigitte Zypries, former German Federal Minister of Economics and Justice. The Bank für Sozialwirtschaft is one of the fund's anchor investors.
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