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British venture capital firm From Wikipedia, the free encyclopedia
Impact X Capital is a venture capital firm which looks to invest in underrepresented entrepreneurs from across Europe. Impact X Capital was started by Eric Collins. Its initial founding members include Ursula Burns, Ric Lewis and Lenny Henry.
| |
| Company type | Private Ownership, Limited partnership |
|---|---|
| Industry | Venture capital |
| Founded | 2018 |
| Founder | Eric D. Collins |
| Headquarters | London, United Kingdom |
Key people | Ursula Burns Lenny Henry Ric Lewis |
| Products | Investments |
| Total assets | £100 million |
| Website | www |
Impact X Capital was started in 2018 by Eric Collins.[1] Its initial founding members include Ursula Burns, Ric Lewis and Lenny Henry.[2][3] The venture capital (VC) fund was inspired by the lack of investment in companies led by people from underrepresented communities, with a particular focus on people of colour and women.[4][5] At the time they were founded, less than 4% of VC funding went to teams led by women, and less than 1% to people of colour.[3][6] As of December 2019, Impact X was raising a fund of over £100 million to invest in minority-led businesses.[7][8]
The chief executive officer is Eric Collins,[9] a tech entrepreneur and investor who previously served on Barack Obama's Small Business Administration's Council on Underserved Communities.[10][11] Principal investor, Yvonne Bajela, was selected as one of Forbes 30 Under 30 in 2020.[12] In April 2020, Paula Groves, founding partner, was selected as one of Europe's most influential women in venture capital.[13][14] Principal investor and chief technology officer, Ezechi Britton was awarded ITA's venture capitalist of the year in 2019.[3][15][16]
One of the first Impact X Capital investments was Predina, a smart navigation software which looks to prevent road traffic accidents.[2] Predina was founded by Bola Adegbulu and Meha Nelson, and makes use of artificial intelligence to predict the safest routes for any car journey.[6]
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