Spring Impact Capital, a Vancouver, BC, Canada-based impact venture capital firm, launched a new $20m fund.
The vehicle, achieved its first close this quarter, supported by a group of individuals, family offices and foundations, will be focused on accelerating positive change by investing in Canadian businesses innovating in health and climate. The venture fund is an independent expansion of Spring, a leader in Canada’s early stage impact investing ecosystem.
The team is already engaging a healthy pipeline of Canadian companies with plans to make their first two investments before year end. Spring has been supporting rounds for 10 years, and has funded 14 impact ventures that include Moment Energy, GotCare, Viridis Research, VoxCell Bioinnovation, and Open Ocean Robotics via the Impact Investor Challenge.
Spring Impact Capital is founded by Keith Ippel, Founder and Co-CEO of Spring, Graham Day, the former Chief Investment Officer of Spring, and Olivia Hornby, a former Vice President at Goldman Sachs Asset Management. The fund intends to leverage the team’s experience in supporting and scaling high-growth, early stage businesses, management consulting and investment management to increase the development and growth of impact ventures in Canada.