Through our $200 million Impact Investment Fund we are using our own capital to make equity investments in "double bottom line" U.S.-based private sector companies that are applying innovative solutions to help address some of society's most pressing challenges.
Investments, which could be as high as $10 million, will primarily be made in companies that have demonstrated proof of concept, built an existing customer base, secured prior rounds of funding and exhibited the potential for scale in multiple markets. A portion of the fund is designated for earlier stage seed investments. We are actively seeking opportunities to invest in businesses that are led or owned by women and minority entrepreneurs to help combat the gender and ethnic gap that exists in the startup word,. As part of this commitment, all early stage seed investments be allocated exclusively to businesses that are led or owned by women and minorities.
We will continue to update this page as we invest in additional companies through the Citi Impact Fund.
The Mom Project is a female-founded and -led job marketplace based in Chicago that connects women to companies that are committed to designing and supporting a better workplace. For women using the platform, The Mom Project provides job opportunities and a community with guidance and insights into various aspects of integrating motherhood and work. For companies, The Mom Project not only provides access to an experienced talent pool of more than 300,000 women, but helps build the infrastructure needed to recruit, retain, and promote women. This includes an analytics platform called WerkLabs that evaluates flexible/remote work arrangements and provides resources on best-in-class practices, policies, and processes for supporting women in the workplace.
Fulcrum BioEnergy converts municipal solid waste into low-carbon, renewable transportation fuels, including jet fuel and diesel, via waste processing and refining facilities. The company is diverting large volumes of waste from local landfills, many of which are overtaxed or at capacity, and reducing greenhouse gas emissions by more than 100 percent. Fulcrum’s products are certified as “below zero carbon” by the California Low-Carbon Fuel Standard (LCFS) given both avoided landfill methane and low carbon transportation fuel profile.
Physical & Social Infrastructure
ICON is an Austin-based company developing technologies that advance humanity. Using proprietary 3D printing robotics, software and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond. The company recently received Fast Company’s 2020 World Changing Ideas Award for building a 3D printer that has 3D printed resilient, dignified homes in Mexico and the U.S.
PadSplit, headquartered in Atlanta, is a mission-driven marketplace that provides lower income workers with safe, clean and affordable housing. Founded by an affordable housing advocate, PadSplit incentivizes more affordable housing creation by monetizing underutilized rooms in single-family homes and increasing profitability for property owners, without requiring public subsidies. Each PadSplit home includes furniture, utilities, wifi, laundry, 24/7 access to telemedicine and credit reporting with its weekly rent payment. By having a lower rent burden, PadSplit residents are able to save more of their income and work toward financial independence.
In the News
Citi Launches $150 Million Impact Fund
Impact Fund will make investments in double bottom-line startups with an emphasis on women and minority entrepreneurs