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"We are now able to connect more diverse, impact-driven founders and funders and we see an increasing need in the market to do so."
So says Keith Ippel, a co-founder and CEO of Vancouver-based Spring, which on Tuesday announced its acquisition of Future Capital, a platform "built for underrepresented early-stage investors," per the National Post.
Founded in 2014, Spring is "a leader in Canada's early-stage impact investing ecosystem," per the Financial Times.
It's also a global community and accelerator for both founders and investors.
Future Capital was founded by Marlon Thompson, who will report to Caroline von Hirschberg, Spring's Co-CEO.
"This acquisition marks an incredible step forward for bringing wealth creation opportunities to impact investors and new investment into solutions that empower minority groups," von Hirschberg says in a press release.
"We are now able to connect more diverse, impact-driven founders and funders and we see an increasing need in the market to do so."
As the Post notes, investment dollars to black founders dropped more than 50% last year.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
World Bank Awards $1.4 M Grants to 12 Social Enterprises in Northeastern States
The World Bank’s Development Marketplace, a competitive grants program, has provided $1.4 million grants to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities and capacity building investments.
