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Impact America Fund (IAF) is a venture capital firm founded by Kesha Cash, dedicated to addressing the financial and cultural barriers that have historically marginalized low- and moderate-income people of color from the modern economy. Established with a mission to create new frameworks of ownership and opportunity, IAF focuses on early-stage investments in tech-driven businesses. The firm is based in New York City and has a growing portfolio that reflects its commitment to social equity.
Currently, IAF manages a portfolio of seven companies, with a typical investment range between $250,000 and $3 million. The firm emphasizes the importance of lived experience in the communities served by its portfolio companies, believing that this insight leads to more effective and sustainable business solutions. IAF's approach not only aims to generate financial returns but also to create a positive social impact.
Impact America Fund primarily invests in companies at the Seed to Series B stages, targeting businesses that demonstrate rapid growth and traction in markets exceeding $1 billion. The firm focuses on sectors such as fintech, healthcare, SaaS, and consumer products. IAF's investment strategy is centered around the concept of 'inherent impact,' where the success of a business model is directly linked to its potential for social impact. This means that IAF seeks out companies whose business success contributes to the economic empowerment of low- and moderate-income communities.
The firm looks for founders who have lived experience in the communities they serve, as this insight is believed to lead to more effective solutions. IAF's geographic focus is primarily on North America, and it aims to support entrepreneurs who are addressing the unique challenges faced by marginalized populations. The typical check size ranges from $250,000 to $3 million, allowing IAF to provide substantial support to its portfolio companies.
Impact America Fund has invested in a diverse range of companies that align with its mission of social impact. Notable portfolio companies include:
These companies exemplify IAF's commitment to investing in businesses that not only seek financial success but also aim to create meaningful social change.
Kesha Cash: Founder & General Partner. Kesha has extensive experience in venture capital and social impact investing, focusing on businesses that empower marginalized communities.
Funmi Garrick: Finance and Operations. Funmi brings expertise in financial management and operational efficiency to the firm.
David Clark Guillermo: Investments. David specializes in identifying and evaluating investment opportunities within the firm's focus sectors.
Yusill/Yui Scribner: Investments. Yusill has a background in venture capital and works on sourcing and managing portfolio companies.
Kaiton Williams: Investments. Kaiton focuses on supporting portfolio companies and enhancing their growth trajectories.
To pitch to Impact America Fund, founders should visit their website at impactamericafund.com. The firm does not specify a preferred channel for submissions but encourages interested parties to initiate contact through their site. Founders should include a clear overview of their business model, market potential, and social impact in their pitch deck. Response times may vary, so patience is advised after submission.
As of March 2023, Impact America Fund continues to expand its portfolio, focusing on tech-driven businesses that serve low- and moderate-income communities. The firm remains active in seeking new investment opportunities that align with its mission of social impact.
IAF has recently highlighted its commitment to supporting entrepreneurs with lived experience, reinforcing its belief that this insight leads to more effective business solutions. The firm is also exploring partnerships with organizations that share its vision of economic empowerment for marginalized communities.
What are the investment criteria for Impact America Fund?
IAF invests in early-stage companies at the Seed to Series B stages, focusing on businesses that demonstrate rapid growth in markets exceeding $1 billion. The firm prioritizes companies that have a direct social impact on low- and moderate-income communities of color.
How can founders apply or pitch to IAF?
Founders interested in pitching to Impact America Fund can visit their website at impactamericafund.com to start the conversation. Specific application forms or email addresses are not provided.
What makes Impact America Fund different from other venture capital firms?
IAF distinguishes itself by focusing on the inherent impact of business models, linking financial success to social equity. The firm emphasizes supporting entrepreneurs with lived experience in the communities they serve, which enhances the effectiveness of their investments.
What is the geographic scope of IAF's investments?
Impact America Fund primarily targets investments within North America, focusing on underserved communities that have been historically marginalized.
What is the typical fund size and check size for IAF?
IAF typically invests between $250,000 and $3 million in its portfolio companies, allowing for significant support at early stages of growth.
What kind of post-investment involvement does IAF have?
IAF actively supports its portfolio companies by helping founders gain traction with institutional investors and providing resources that enhance their market success.
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