PLUS: New $40m fund to bridge short-term financing gaps, Social and Sustainable Capital makes first investment from its housing fund, tech startup OpenSC raises $4m, CIC secures £250k through social investment tax relief, and more.
PLUS: Generation Investment raises $1bn to invest in “sustainability revolution”, SIS Ventures makes first equity investment, North East Social Investment Fund invests £700k in employability and education, and more.
PLUS: SASC invests in sexual health charity Brook, Big Issue Invest announces £400k social impact bond, Acumen closes $70m energy fund for east Africa, Fair by Design backs challenger credit bureau Credit Kudos, and more.
At the Cabinet Office Social Investment Awards in London last night Bridges Ventures triumphed in two categories, whilst other winners included Social and Sustainable Capital, Social Investment Scotland and Ethex.
There are too many social investors in a hot-air balloon that isn't rising; it needs to lose some ballast. Without compelling reasons to stay in the basket, they're getting kicked out. What happened next?