The fund hopes to attract further commitments from local government pension funds, as the sector is encouraged to direct more investment into local communities.
The fund will invest in early-stage healthtech startups. It plans to bring scale through its partnerships with a variety of different health organisations around the world.
A panel of young people will contribute to the selection of a winning portfolio of investments that prioritise positive social and environmental impact for young people and future generations.
The decarbonisation-focused fund has landed British International Investment as an anchor investor, alongside family offices, fund-of-funds and corporate venture firms.
The fund will make pre-seed up to series A investments, also providing firms with strategic support and access to international networks to attract further investment.
Aerska develops RNA medicines for the treatment of neurological diseases such as Parkinson’s and Alzheimer’s, which affect millions of people worldwide.
After a tough start to the year, confidence has returned among impact founders and investors in Europe, a new report by Swedish venture capitalist Norrsken VC said.
From now on you will receive our newsletter 3 times a week (Tue, Thu and Fri).
Free newsletter. Sign up now
Register your email address and receive our newsletter direct to your inbox.
Offering independent news and analysis about impact investing and sustainable finance.
For free.