Impact X Explained

Impact X Capital
Type:Private Ownership, Limited partnership
Industry:Venture capital
Founder:Eric D. Collins
Location:London,
United Kingdom
Key People:Ursula Burns
Lenny Henry
Ric Lewis
Products:Investments
Assets:£100 million

Impact X Capital is a venture capital firm which looks to invest in underrepresented entrepreneurs from across Europe. Impact X Capital was started by Eric Collins. Its initial founding members include Ursula Burns, Ric Lewis and Lenny Henry.

History

Impact X Capital was started in 2018 by Eric Collins.[1] Its initial founding members include Ursula Burns, Ric Lewis and Lenny Henry.[2] [3] The venture capital (VC) fund was inspired by the lack of investment in companies led by people from underrepresented communities, with a particular focus on people of colour and women.[4] [5] At the time they were founded, less than 4% of VC funding went to teams led by women, and less than 1% to people of colour.[6] As of December 2019, Impact X was raising a fund of over £100 million to invest in minority-led businesses.[7] [8]

Team

The chief executive officer is Eric Collins,[9] a tech entrepreneur and investor who previously served on Barack Obama's Small Business Administration's Council on Underserved Communities.[10] [11] Principal investor, Yvonne Bajela, was selected as one of Forbes 30 Under 30 in 2020.[12] In April 2020, Paula Groves, founding partner, was selected as one of Europe's most influential women in venture capital.[13] [14] Principal investor and chief technology officer, Ezechi Britton was awarded ITA's venture capitalist of the year in 2019.[15] [16] [17]

Major investments

One of the first Impact X Capital investments was Predina, a smart navigation software which looks to prevent road traffic accidents. Predina was founded by Bola Adegbulu and Meha Nelson, and makes use of artificial intelligence to predict the safest routes for any car journey.

References

  1. Web site: 2021-05-04 . Eric Collins - CEO, Impact X Capital Partners; & Host 'The Money Maker,' Channel 4 - New Thinking podcast . https://web.archive.org/web/20220930193558/https://www.new-thinking.online/podcast/eric-collins . 2022-09-30 . 2022-05-17 . New Thinking . en.
  2. News: Makortoff. Kalyeena. 2019-11-16. 'We want to find gems': the black venture capitalists invested in change. en-GB. The Observer. 2020-05-30. 0029-7712.
  3. Web site: £100 million for UK black businesses. 2019-12-30. Voice Online. en. 2020-05-30.
  4. Web site: Meet Ric Lewis: The fun-loving property tycoon. 2020-03-20. Evening Standard. en. 2020-05-30.
  5. News: Mararike. Shingi. Why are there so few black millionaires on the Rich List 2020?. . en. 2020-06-05. 0140-0460.
  6. Web site: Black VC investor 'Impact X' – why people of colour and women founders in Europe are ripe for funding. 9 April 2020. www.iamnewgeneration.co.uk. 2020-05-30.
  7. Web site: London VC Fund Impact X Has 100 Million Pounds to Jump Start Minority-Led Businesses. 18 December 2019. www.bloomberg.com. 2020-05-30.
  8. Web site: Episode 62: From raising over £200m to becoming a VC and trying to solve the "pipeline" problem with Ezechi Britton Principal at Impact X Capital and Co-founder of Neyber by Startup HandMeDowns • A podcast on Anchor. Anchor. en. 2020-05-30.
  9. News: Hurley. James. Access to finance is a diversity issue. . en. 2020-06-05. 0140-0460.
  10. Web site: Eric Collins. en-GB. 2020-05-30.
  11. Web site: Eric D. Collins. Anwar. Shiraz. 2020-02-03. en. 2020-05-30.
  12. Web site: Yvonne Bajela. Impact. en-US. 2020-05-30.
  13. Web site: TOP 50: Europe's most influential women in the startup and venture capital space. Tucker. Charlotte. 2020-04-08. EU-Startups. en-US. 2020-05-30.
  14. Web site: Impact X Team. Impact. en-US. 2020-05-30.
  15. Web site: £100 million for UK black businesses. 2019-12-30. Voice Online. en. 2020-05-30.
  16. Web site: Episode 62: From raising over £200m to becoming a VC and trying to solve the "pipeline" problem with Ezechi Britton Principal at Impact X Capital and Co-founder of Neyber by Startup HandMeDowns • A podcast on Anchor. Anchor. en. 2020-05-30.
  17. Web site: ITA Awards 2019 Winners . Inclusive Tech Alliance . 5 June 2020.

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