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Cross Impact Capital is a venture capital firm founded by Abbeygale Anderson, dedicated to impact investing. Established in the United States, the firm aims to address social and environmental challenges through financial investments. The organization is named in honor of Anderson's grandmother, Cinderella Cross Vassell, reflecting a commitment to social equity and the empowerment of marginalized communities.
Currently, Cross Impact Capital operates with a fund size of $1 million and focuses on early-stage investments across various sectors. The firm emphasizes equitable funding and aims to support ventures that address structural inequities. As of now, Cross Impact Capital has made investments in three notable companies, showcasing its commitment to impactful ventures.
Located at 28 Algonquin Street, Boston, MA, Cross Impact Capital is actively fundraising and has reported raising $1,450,000 in equity as of February 2025. The firm is positioned to make a significant impact in the venture capital space by prioritizing social equity and environmental sustainability.
Cross Impact Capital invests in early-stage companies that create positive social and environmental outcomes. The firm targets a diverse range of sectors, including fintech, healthcare, legaltech, AI, and consumer products. Investment stages range from pre-seed to Series A, allowing the firm to engage with startups at various points in their development.
The firm emphasizes its commitment to impact investing, particularly in areas such as social equity, criminal justice reform, disability access, and family leave. Cross Impact Capital seeks to support ventures that address these critical issues, particularly in underserved communities. The firm values founders who demonstrate a clear mission aligned with these goals and who are committed to making a tangible difference in their respective fields.
Check sizes typically align with the firm's fund size, allowing for targeted investments that can catalyze growth in impactful startups. Cross Impact Capital's investment strategy is designed to enhance the impact of its portfolio companies while promoting equitable capital allocation.
Cross Impact Capital has invested in three notable companies that align with its mission of impact investing:
These companies exemplify Cross Impact Capital's focus on addressing social and environmental challenges through innovative solutions.
Abbeygale Anderson: Founder and Managing Partner of Cross Impact Capital. Abbeygale is a Cooke Scholar alumna and has a personal mission to decrease disparities in funding for marginalized communities. She has been recognized in Bloomberg Markets for her work in impact investing and her commitment to social equity.
To pitch Cross Impact Capital, founders should visit their website at crossimpactcapital.com. The firm prefers pitches that include a clear articulation of the startup's mission and its potential social impact. Founders should prepare a comprehensive deck that outlines their business model, market opportunity, and how their venture addresses social and environmental challenges.
While specific response time expectations are not disclosed, founders can anticipate a thorough review process. Warm introductions may enhance the chances of receiving a timely response, as the firm values connections within its network.
As of March 2024, Cross Impact Capital filed a Form D indicating the formation of its fund, with an initial reported raise of $1,450,000 in equity. The firm is actively fundraising and deploying capital to early-stage companies that align with its mission of impact investing.
In September 2022, JusticeText, a portfolio company, raised $2.2 million in a funding round that included participation from Cross Impact Capital. This investment highlights the firm's commitment to supporting innovative solutions in the legal tech sector.
What are Cross Impact Capital's investment criteria?
Cross Impact Capital focuses on early-stage companies that address social equity, criminal justice, disability access, and family leave. The firm seeks to invest in sectors such as fintech, healthcare, legaltech, AI, and consumer products.
How can I pitch to Cross Impact Capital?
Founders interested in pitching to Cross Impact Capital can visit their website at crossimpactcapital.com for more information on the application process. The firm encourages pitches that clearly articulate the social impact and mission of the startup.
What makes Cross Impact Capital different from other investors?
Cross Impact Capital is distinct in its commitment to impact investing, focusing on equitable funding for marginalized communities. The firm prioritizes investments that address structural inequities and promote positive social and environmental outcomes.
What is the geographic focus of Cross Impact Capital?
The firm primarily invests in companies based in the United States, targeting startups that operate within its defined sectors and investment criteria.
What is the typical check size for investments?
While specific check sizes are not disclosed, Cross Impact Capital operates with a fund size of $1 million, indicating that investments are likely to be aligned with early-stage funding needs.
What kind of support does Cross Impact Capital provide to portfolio companies?
Cross Impact Capital adds value by focusing on equitable capital allocation and leveraging its network to enhance the impact of its investments. The firm supports ventures that address social and environmental challenges, providing guidance and resources to help them succeed.
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