Impact Ventures UK beats fundraising target, announces final close

27th February 2015

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London, 27 February, 2015 Award-winning social impact fund Impact Ventures UK (IVUK) has exceeded its fundraising target and has closed after raising £36 million from investors.

New investors include the European Investment Fund, Trust for London, and the University of Northampton. Existing investors in the fund Big Society Capital, LGT Impact Ventures Foundation, and Deutsche Bank, through the DB Impact Investment Fund, have each increased their investment as part of the final close.

Richard Brass, Head of UK Clients at Berenberg Private Banking and Founder of Impact Ventures UK, said, “IVUK is a unique collaboration between different parties with a common purpose and it is fitting to have further broadened the investor base in this second and last round of fundraising.  We believe that the fact that we have exceeded our target demonstrates investors’ appetite for the opportunity to contribute to society and make positive financial returns.  The impact investing sector continues to evolve and we look forward to IVUK continuing to work with inspiring social businesses.”

Raf Goovaerts, Partner and Head of the UK investment team at LGT Impact Ventures, said, “With four investments already made across a range of sectors, our existing portfolio companies are benefiting from IVUK’s financial backing and collaborative approach. We are excited about the strong pipeline of quality opportunities that we, on IVUK’s investment team, are seeing.”

Unique in its collaborative structure and approach, IVUK is a UK-focused social impact fund that invests in entrepreneurial companies across a range of impact areas, ranging from education, housing, employment and skills to access to finance and mental and physical health.

Read the full press release here

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