Citi has announced its next round of investments through its Citi Impact Fund.
The $200 million fund launched last year now includes Daylight, Flume, Jetty, Lacuna, Pathstream, Recycle Track Systems, and Stackshare. The fund’s investments now total 23 companies, more than half of which are founded by women and/or minorities, says Citi.
“The portfolio of the Citi Impact Fund keeps growing as we continue to find inspiring companies that are taking on solutions for the physical, financial and social infrastructure challenges that our communities are facing,” said Ed Skyler, Head of Global Public Affairs at Citi. “From addressing lack of internet access to reducing the burden of medical care, these companies are rethinking what’s possible, and we are proud to deploy our balance sheet in support of true ‘double bottom-line’ companies.”
The Citi Impact Fund is a component of Global Public Affairs’ Community Investing and Development team, which aims to enhance positive social impact and financial innovations that benefit underserved communities around the world.