Scottish impact investor, SIS Ventures, has secured £1 million for its pioneering investment fund – Impact First – from Chroma Ventures.
Chroma Ventures was created in 2021 by technology entrepreneurs Paddy Burns and Chris van der Kuyl as a broad-spectrum investment arm of their video game development studio, 4J Studios. Based in Scotland, but with an international outlook, Chroma Ventures backs companies developing and deploying innovative technology and data-led businesses.
Impact First launched its second round of fundraising in February this year with the aim of attracting up to £5 million to scale up its mission-led investment in Scotland’s highest impact potential early-stage businesses. This cornerstone investment by Chroma Ventures, in addition to a further £700,000 already committed by other investors, means that the fund has now exceeded its minimum target and will proceed to first close over the next two months.
SIS Ventures’ Impact First fund provides an opportunity for investors to make tax-efficient financial returns alongside impact returns by investing equity into Scotland-based businesses whose social and environmental aims are aligned to the United Nations Sustainable Development Goals (UN SDGs).
SIS Ventures has already invested around £3.5m into ten high impact and high growth potential businesses.
