HomeUKSIS Ventures Releases Inaugural Impact Report

SIS Ventures Releases Inaugural Impact Report

SIS Ventures

SIS Ventures, an Edinburgh, Scotland, UKbased impact investor, released its inaugural impact report.

The document highlights the positive impacts on people and planet delivered by its investee companies.

Since launching the Impact First Fund in 2018, SIS Ventures has invested more than £5.6m in 14 high-impact, high growth potential businesses, all innovation-led and connected by a shared belief in business as a force for good. Since securing investment, these companies have subsequently secured £65m in follow-on funding rounds.

So far, SIS Ventures’ portfolio companies have:

  • Created 318 jobs globally of which 149 jobs have been created in Scotland since receiving investment from SIS Ventures
  • Developed innovations in diagnosis and treatment for patients with brain cancers, liver disease, asthma, epilepsy and cystic fibrosis – with the potential to treat multiple other conditions and illnesses
  • Delivered innovations to support positive environment impacts across multiple industries including the advertising, energy and food and drink sectors

Investee companies are also selected for their commitment to developing their environmental, equality and diversity, social impact and governance practices. 43% of investee companies are founded or co-founded by women. The report also highlights that 29% of investee companies are founded or co-founded by people of colour or minoritised ethnic heritage.

Each portfolio business is led by a unique mission including, for example, providing earlier diagnosis for life-limiting diseases such as cancer (Dxcover) and Parkinson’s (Manus Neurodynamica), tackling some of agriculture’s most pressing environmental issues for crop protection (Solasta Bio) and animal feed (Beta Bugs), encouraging the switch to Electric Vehicles through on-street charging points (Trojan Energy), and turning online advertising into a force for good (Good Loop).

Led by Arran Dewar, Executive Director, SIS Ventures targets businesses which are committed to progressing the diversity and inclusion agenda and those whose products or services progress the United Nations Sustainable Development Goals. 

Launched in 2018 and authorised by the Financial Conduct, the firm is a wholly-owned subsidiary of Social Investment Scotland (SIS), which provides the tools and mission-aligned investment required to help early-stage businesses grow and deliver impact at scale. In return for investment, SIS Ventures seeks a mission lock – where the social and/or environmental mission of the organisation is locked into the Articles of Association and cannot be changed without consent. 

VCWire

29/11/2023