Impact First, the ‘profit with purpose’ fund launched by social impact investor SIS Ventures, has secured 50% of target capital commitments within the first two months of launch.
SIS Ventures, the mission-led investment arm of responsible finance provider Social Investment Scotland (SIS), is in the process of securing investors to participate in a £5 million fund, which looks to back Scotland’s high impact enterprises.
The first close of the fund seeks to raise £1.5-2 million from UK-based private investors, with the capital target for deployment over 12-18 months.
Since launching two months ago, SIS Ventures has managed to secure 50% of the initial capital commitments from private investors seeking to generate both a social and financial return. SIS Ventures has also experienced an excellent response from mission-driven organisations seeking funding and have identified a preliminary cohort to invest in.
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