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Impact X

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British venture capital firm
Impact X Capital
Company typePrivate Ownership, Limited partnership
IndustryVenture capital
Founded2018; 7 years ago (2018)
FounderEric D. Collins
HeadquartersLondon,
United Kingdom
Key peopleUrsula Burns
Lenny Henry
Ric Lewis
ProductsInvestments
Total assets£100 million
Websitewww.impactxcapital.com

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. Its initial founding members include Ursula Burns, Ric Lewis and Lenny Henry. 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. 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. As of December 2019, Impact X was raising a fund of over £100 million to invest in minority-led businesses.

Team

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

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.

Brand name

In addition to Impact X Capital, other companies operate in related industries under the brand name "Impact X" in London. These include a technology executive search firm and an SDG-focused investment platform and advisory firm.

The brand rights for the name "Impact X Partners" are registered with the United Kingdom Intellectual Property Office as well as the European Union Intellectual Property Office (EUIPO). These rights are held by "Impact X FinTech Ltd" under Class 36 of the Nice Classification system, which pertains to financial services such as investment management, venture capital services, venture capital management, and venture capital financing.

References

  1. "Eric Collins - CEO, Impact X Capital Partners; & Host 'The Money Maker,' Channel 4 - New Thinking podcast". New Thinking. 2021-05-04. Archived from the original on 2022-09-30. Retrieved 2022-05-17.
  2. ^ Makortoff, Kalyeena (2019-11-16). "'We want to find gems': the black venture capitalists invested in change". The Observer. ISSN 0029-7712. Retrieved 2020-05-30.
  3. ^ "£100 million for UK black businesses". Voice Online. 2019-12-30. Retrieved 2020-05-30.
  4. "Meet Ric Lewis: The fun-loving property tycoon". Evening Standard. 2020-03-20. Retrieved 2020-05-30.
  5. Mararike, Shingi. "Why are there so few black millionaires on the Rich List 2020?". The Times. ISSN 0140-0460. Retrieved 2020-06-05.
  6. ^ "Black VC investor 'Impact X' – why people of colour and women founders in Europe are ripe for funding". www.iamnewgeneration.co.uk. 9 April 2020. Retrieved 2020-05-30.
  7. "London VC Fund Impact X Has 100 Million Pounds to Jump Start Minority-Led Businesses". www.bloomberg.com. 18 December 2019. Retrieved 2020-05-30.
  8. "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. Retrieved 2020-05-30.
  9. Hurley, James. "Access to finance is a diversity issue". The Times. ISSN 0140-0460. Retrieved 2020-06-05.
  10. "Eric Collins". Retrieved 2020-05-30.
  11. Anwar, Shiraz (2020-02-03). "Eric D. Collins". Retrieved 2020-05-30.
  12. "Yvonne Bajela". Impact. Retrieved 2020-05-30.
  13. Tucker, Charlotte (2020-04-08). "TOP 50: Europe's most influential women in the startup and venture capital space". EU-Startups. Retrieved 2020-05-30.
  14. "Impact X Team". Impact. Retrieved 2020-05-30.
  15. "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. Retrieved 2020-05-30.
  16. "ITA Awards 2019 Winners". Inclusive Tech Alliance. Retrieved 5 June 2020.
  17. "Impact X Executive Search". Impact X. Retrieved 24 December 2024.
  18. "Impact X Partners". Tracxn. Retrieved 24 December 2024.
  19. "Trademark Details for Impact X Partners". UK Intellectual Property Office. Retrieved 24 December 2024.
  20. "EUIPO Trademark Details for Impact X Partners". European Union Intellectual Property Office. Retrieved 24 December 2024.
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