Celebrating Major Milestones
At Active Impact we have three overarching jobs:
Bring capital into the impact ecosystem
Deploy capital to world changing companies that meaningfully support the sustainability of our planet
Realize exceptional returns on invested capital
We are grateful to share that in February, we were able to execute effectively in all three categories. We completed a $41M first close on our Fund II offering ahead of our target date with exceptional and mission-aligned investors like First West Credit Union. We made investments in two new outstanding portfolio companies that collectively have the potential to mitigate over a gigaton of CO2 at scale. We also successfully exited our first portfolio company, which sold to a strategic buyer at a generous multiple that will provide a strong financial return to our Fund I Limited Partners. From day one, we’ve set out to build a community of investors, partners and entrepreneurs committed to making our world better and more sustainable. Today, we owe a debt of gratitude to all of you that have leaned in to that community to help build something exceptional. You can expect to see announcements in the press in the near future with much more detail about all we’ve shared above, but for now, let us simply say thank you. The future is bright.