IMPACT AMERICA MANAGEMENT, LLC

Thesis

The firm is notable for being 100% Black female-owned. IAF focuses on tech-driven companies within multi-billion-dollar industries such as fintech, healthcare, and SaaS, where systemic inequities present both risk and opportunity. Their investment philosophy is rooted in the belief that strong financial returns and measurable social impact are not mutually exclusive, aiming for a "double bottom line." They prioritize founders with deep, personal ties to the communities they serve, especially those from low-income or underrepresented backgrounds, believing these founders possess a unique understanding of the problems and a profound sense of impact. The fund primarily invests in Seed to Series B stages, with a specific focus on early-stage tech-driven companies. Fund III specifically targets Seed through Series A stages. IAF writes the first institutional checks, focusing on founders and early products rather than solely on traction. As of early 2023, IAF had a total Assets Under Management (AUM) of $177 million, following the closure of their $112 million Fund III. Fund II was a $55 million fund. Investments typically range from $250,000 to $3 million.

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