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©Reuters.
Simon Jessop
LONDON (Reuters) – Diversity-focused venture capital investor Impact He said he has received backing from investors including Bank of America.
The company, an early backer of fast-growing insurance technology company Marshmallow, said it aims to invest in late-stage seed and Series A funding rounds across sectors such as technology, media and healthcare.
“This work will remain critically important until underrepresented entrepreneurs reach economic equality in terms of access and allocation of capital,” said Paula, founding partner and chief investment officer at Impact・Mr. Groves said.
“Consistent statistics over the past 25 years show that less than 4% of venture capital goes to women and less than 1% goes to Black entrepreneurs.Impact X is working with other partners to significantly improve these statistics. We are planning to increase it.”
Investors other than Bank of America, which will invest in the IX Global I Fund from their own balance sheets, include the Visa (NYSE:) Foundation, the Guy’s and St. Thomas Foundation, and technology venture capital investor Atomico. The company said this includes.
Eric Collins, CEO and founding partner of Impact X, said several individual investors from Impact It is said that he did.
“This historic capital allocation not only validates our track record, but also provides us with the resources to make a lasting impact on our diversity-driven business,” he said.
Bernard Mensah, president of Bank of America’s international division, said the investment “reaffirms our continued commitment to advancing economic opportunity for diverse people and communities.”
Impact X Global I’s first investment is in UK real estate technology company iKnowa.
($1 = 0.7941 pounds)
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