The Global Impact Fund II (GIF II) is a $10M venture capital fund that invests in companies led by underinvested social entrepreneurs, with a preference for companies led by people of color and women. GIF II’s impact focus is primarily in environmental sustainability, health, education, financial inclusion / fintech, and economic mobility, although GIF II is also permitted to make investments in other sectors.
GIF II is unapologetic about making market-leading returns for investors by investing in social impact businesses. This model is based on the Global Impact Fund, LLC, (GIF I) a Delaware-based venture capital company. GIF I has made five equity investments, realizing stepped up valuation events so far in five of these investments four years into the 10-year life of GIF I, with an average internal rate of return based on such valuation events in excess of 3.5x.
GIF II leverages deal flow from the entrepreneurs graduating from The Global Good Fund Fellowship program, as well as other incubator and accelerator programs. GIF II is woman -and black-led. The diversity of the entrepreneurs the fund invests in is reflected in the diversity of the investors, advisors, and investment committee, including people who identify as Black, Brown, Indigenous American, Hispanic/LatinX, women, and differently abled. Part of the carry from the general partners of the impact funds will be donated to GGF to help grow the nonprofit organization’s programs.
Are you looking for capital for your enterprise? In addition to the Global Impact Fund, GGF has strategic partnerships with other investors so that we can support Fellows, alumni, and program applicants as they endeavor to access capital. Please complete the below survey if you are raising capital or will be raising capital within the next 24 months. If your work is a fit, we will be in touch.
» A venture capital fund seeking market-leading returns by backing social entrepreneurs, who are often people of color and women
» Global Impact Fund I started in December 2016.
» Global Impact Fund II did its first close February 2021.
» $10,000,000. To date, we’ve raised $8,000,000.
» Our goal for the fund is to produce 3.5X net financial returns for our investors
» Global Impact Fund II is a sister company to The Global Good Fund. They are two separate entities. The Global Good Fund is a 501(c)3 nonprofit organization that philanthropically supports social entrepreneurs that lead either nonprofits or for-profit mission-driven enterprises. Global Impact Fund II is a for-profit venture capital fund that invests in for-profit companies for market-leading returns.
» For entrepreneurs who receive investment from the impact funds, they are not only scaling their businesses but also creating wealth for overlooked investors who were typically not invited to participate in venture capital — all while simultaneously creating long-term opportunities for other social entrepreneurs through the nonprofit GGF.
The fund invests at the intersection of competitive returns and social enterprises.
» For-profit companies
» Companies that produce competitive investment returns
» Social enterprises
» Geography: Predominantly in the United States
» Five sectors: health, environment, education, financial inclusion, and economic mobility
» Lead in Seed, participant in Series A
» 20 investment, $200-500K per investment
» Carrie Rich, Managing Director
» Daron Coates, GP of Global Impact Fund II, Co-Founder of ThinkBox
» Paul Orentas, GP of Global Impact Fund II, Co-Founder of ThinkBox
» Contact email@example.com for more information
» The current returns for Global Impact Fund I have increased to 10x invested capital.
» The current returns for Global Impact Fund II have increased to 5.1x invested capital
» Global Impact Fund II increased commitments from $6.0M to $9.8M under management.
» 100% of portfolio companies create social impact.
» 80% of both fund portfolios are led by Black, Brown, and women social entrepreneurs.
» Investment Period: 5 years
» Term of Fund: 10 years
» Structure – Delaware Limited Partnership
» 2% Management fee, 20% carry (typical VC fund structure)