Citi has added six new investments to its Citi Impact Fund.
The $200 million fund was launched in 2020 and has invested in 16 companies focused on a range of issues including workforce development, financial capability, physical and social infrastructure, sustainability, and access to capital and economic opportunity.
More than half of the Fund’s total investments are in minority-owned and women-owned companies, including four earlier-stage seed investments in businesses led or owned by women and minorities.
The new companies added are Greenwood, MoCaFi, Moving Analytics, OhmConnect, and Sweeten.
“Over the last 18 months, the hurdles facing our communities have only become more acute and more urgent – from an increase in economic inequality, to a lack of access to healthcare, to a rise in waste generation and workforce instability,” said Ed Skyler, Head of Global Public Affairs at Citi. “The companies we have invested in through the Citi Impact Fund are implementing innovative solutions to help tackle these pressing environmental, social and economic challenges. Equity investing is a powerful tool and we are proud to be able to use Citi’s balance sheet to make our communities stronger.”