FinTech news in social impact category

Previous investors include a number of high-profile celebrities or executives like actor Owen Wilson, Virgin Unite chair Holly Branson, and Rotten Tomatoes co-founders Patrick Lee and Stephen Wang, as well as crypto investments from Dapper Labs co-founder Roham Gharegozlou, Axie Infinity co-founder Jeffrey Zirlin and The Sandbox co-founder Sebastien Borget, among others. Metagood believes that web3 can be a positive force in creating an economy of good karma, where people are rewarded for doing good things, Tai said. It also aims to give members the chance to promote and fund social good projects through its DAO, which raised 2,000 ETH in just one year, he added. Investors in the recent funding round include Animoca Brands, Morgan Creek Capital founder and CEO Mark Yusko, and Virgin Group investment manager Freddie Andrewes, to name a few.

Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany first dedicated scial impact VC fund. I spoke with the fund’s manager, Lucas Paul, to find out what drove the creation of the fund and its investment thesis. The fund aims to invest in digital business models that tackle society’s biggest challenges, typically investing between €500,000 and €1.5 million. Among others, the Bank für Sozialwirtschaft, Germany’s leading bank for the social sector, committed substantially to HIC, fund reps told me.

Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives.