Key stats
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Total capital committed by Big Society Capital
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Number of startups our capital has supported
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Number of people those startups have reached
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The challenge
Technology startups have the potential to catalyse change and social impact by delivering products and services that meet people’s needs better. Their business models can allow them to scale rapidly and reach more people more effectively. It can be transformative in the right context, with the right intent, and with a business model aligned to impact.
However, the financing available to tech startups could do more to support or encourage them to focus on positive social impact. -
The approach
We have invested in venture capital fund managers who bring the right values and skills to find and back a diverse set of impact startups. We complement these investments through a range of support, including building networks and impact know-how in the venture sector. Together, we want to build:
- A diverse, numerous, and effective group of impact startups contributing to solutions across a broad range of issues
- A group of high-calibre fund managers with a range of approaches by investment stage and strategy
- A broad range of investors with increasing amounts of impact-driven capital
- Rigorous and proportionate impact practices that drive value right across the system
Impactful startups in our portfolio
Across our investments, there are approximately 125 live startups. These cover a range of business models and sectors, with a concentration in health, education/training and financial inclusion.
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Urban Jungle
Tech-enabled insurance provider on a mission to transform the UK home insurance market.
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DrDoctor
DrDoctor is a digital platform that helps hospitals communicate more effectively with their patients.
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Hometouch
Hometouch provides transformative live-in care for elderly people and those living with dementia.
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Second Nature
Second Nature tackles chronic health conditions by helping people lose weight and live healthier lives.
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Credit Kudos
Credit Kudos is a credit referencing agency helping people access responsible finance they can afford, when they need it.
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Togetherall
Togetherall is a digital service for people with a variety of mental health and wellbeing issues - from anxiety, depression, stress and trauma, to relationship problems and lifestyle challenges.
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Funds in venture
Building impact know-how
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Impact best practice in venture from the Fair by Design Fund
With more and more VCs looking to establish impact best practices, we share what we think good looks like using one of our managers, Ascension Ventures who run the Fair by Design Fund (FBD), as an example.
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Is impact investing having an impact on investing?
"We have a self-defeating capitalist system where social and environmental problems get bigger and bigger. If Adam Smith could have envisaged measuring impact, he might have said that impact is the invisible heart of the market to guide the invisible hand." Sir Ronald Cohen
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Bringing impact intent to venture investing
Purpose-led startups are tackling hard problems and improving lives. But what do we mean by purpose-led startups, do they make strong financial returns, and how can we capitalise on this momentum to tackle social issues?
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Follow us on Medium
To keep updated with our latest news and insights on our work in venture, follow us on Medium.
Get in touch
Whether you’re an established VC with an interest in impact or an impact-dedicated VC pioneering innovative models, we want to hear from you.