Impact America Fund

What is Impact America Fund?

Impact America Fund (IAF) is a venture capital firm that is dedicated to investing in the future where people of color experience true agency and participation in the American economy. They invest primarily in software, IT, media, education, FinTech, hardware manufacturing, medical devices, healthcare, and wellness industries.

Their investment thesis centers around backing entrepreneurs from overlooked communities—believing these founders combine a deep understanding of the issues they address with the ability to build and scale impactful businesses. IAF identifies a gap where there is no shortage of bold ideas and investible businesses from these communities; however, there is a scarcity of investors with the cultural fluency to uncover and support such opportunities. Specifically, IAF invests in companies like Mayvenn—a marketplace that aids independent hair stylists; Camino Financial—which provides loans to Latinx-owned small businesses; and CareAcademy—which offers training and administrative tools for home-care agencies.

IAF engages in equity investments ranging from $150,000 to $500,000, with a sweet spot of around $250,000. Holding $10,000,000 in assets under management, IAF specializes in diverse investors, including female investors, and provides seed capital.

They exhibit a commitment to increasing incomes and mobility for workers in communities of color while challenging biases around risk and return. Their location in Oakland, California, reflects their deep ties and commitment to the communities they serve, highlighting their goal of creating lasting impact through investment.

What they say:

We are an investment company focused on positive societal change.

What we look for: We invest in market opportunities that leverage technology to improve lives.