Human Impact Capital (HIC) is a newly launched €50m early-stage VC fund investing in digital
business models actively addressing society’s biggest challenges
● HIC focuses 100% on social impact investments in the areas of Health, Education and Living
and combines expertise from LPs that are deeply rooted in the social sector
● Anchor investor Bank für Sozialwirtschaft closely involved in conception of the fund
Redstone and EnjoyVenture announce the successful closing of their Human Impact Capital (HIC) Fund I, a specialized early stage Social Impact VC fund. HIC will focus on digital, innovative solutions aiming to improve the well-being of individuals. The fund invests in startups developing solutions to society’s biggest social challenges, firmly believing that innovation is key to overcome these problems. Entrepreneurs providing solutions to these problems will generate attractive financial returns for investors while advancing our society and laying the foundation for the generations to come.
Over the past years, Redstone has built an exceptional track record combining its proprietary Data Platform with deep industry expertise across 10+ funds. In launching HIC, Redstone is doubling down on social impact and is manifesting its position as one of the leading European venture capital firms. HIC is managed by experienced venture capitalists from Redstone and EnjoyVenture and advised by an exceptional board of advisors led by Prof. Dr. Harald Schmitz, CEO of Bank für Sozialwirtschaft, and Brigitte Zypries, former Federal Minister of Economics and Justice. Among others, the fund’s anchor investors include Bank für Sozialwirtschaft, bringing deep social sector expertise to the table. In this respect, the bank contributed invaluable insights into the needs of the social sector and was closely involved in defining the fund’s investment strategy.
HIC’s investment strategy has been centered around five Sustainable Development Goals (No
Poverty, Good Health and Wellbeing, Quality Education, Gender Equality, Reduced Inequalities) and
three core verticals:
- HealthTech: Ensuring health care and protecting the aging population
- Living: Increasing the quality of life and limiting loneliness
- EdTech: Ensuring access to qualitative education and reducing social inequalities
Leveraging its unique LP base, HIC aims to connect portfolio companies and established players from
the social space to accelerate innovation. Even though the most urgent social problems have been
evident before the pandemic, Covid has brought the insufficiencies in Health and Education to the
spotlight. Redstone and EnjoyVenture want to seize this momentum in making a contribution to a
more sustainable future. The fund will actively measure the impact of their investments to ensure an
efficient allocation of resources. HIC is among the first funds in Europe to report according to Article 9 SFDR, which covers social and sustainable investments. HIC is hereby legally obliged to ensure that 100% of their investments are qualified as sustainable.
Redstone is a European venture capital firm headquartered in Berlin with offices in Paris, Zurich and Helsinki. Dedicated to driving digital innovation across all industry sectors, Redstone is supporting best-in-class startups. Redstone’s multiple investment funds are structured around industry sectors and verticals such as the future of manufacturing, Fintech and one of Europe’s first Venture Debt funds.
Based on data from millions of startups, Redstone uses data science to ensure the best investment
decisions. Redstone is managing more than 10 VC funds and total assets under management of more
EnjoyVenture is an entrepreneur-led investment company for Seed and Startup investments in innovative technology companies. EnjoyVenture’s team is characterized by many years of entrepreneurial, financing and industry expertise. Since its launch in 2000, EnjoyVenture has invested in more than 200 startups and currently manages venture capital funds with a total volume of around €170 million.