A QUICK NOTE: In addition to our monthly newsletter, we send the ImpactPHL Investor Briefing
to connect investors with local impact investment opportunities currently available. The Investor Briefing is intended for accredited investors. By
continuing you acknowledge that you are an accredited investor. If you are receiving these emails and you are not an accredited investor, please let us know. Sincerely,
The Investors Circle and ImpactPHL teams FEATURED IN THIS ISSUE - Investment Opportunities:
- $1M left in $1.5M SAFE for WealthMore to Make Expert Financial Advice Accessible to Fuel Financial Equity (Black, Women-Led)
- SHIFT Capital is Raising $2.4M to Advance the Future of Education Through Restorative Development in Kensington ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting
(Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting
(Female Founder)
- Events:
- Aug 16th - ImpactPHL Conversations: Investing in Returning Citizens
- Sept 13th - Inspiring Change Happy Hour with As You Sow and ImpactPHL
- Oct 23rd-25th - Join ImpactPHL at
SOCAP23
- Reading:
- Innovation, Policy, and Nonprofits Creating Impact for Returning Citizens
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FEATURED INVESTMENT OPPORTUNITY #1: The Opportunity: $1M left in $1.5M SAFE for WealthMore to Make Expert Financial Advice Accessible to Fuel Financial Equity (Black, Women-Led) Details: WealthMore is closing their $1.5M SAFE in August, investors include Ben Franklin Technology Partners and APEX Fintech Solutions. The black female-led, Philadelphia-based company is led by former Wall Street executive, Mical Jeanlys-White, who previously led B2C marketing efforts with JP Morgan, American Express, and Nestle. WealthMore is an investing and financial planning platform and community, leveraging generative AI to make expert financial advice accessible. WealthMore AI is also a scoring platform poised to disrupt the $4B credit score market, with two patents pending.
The company goes live in August, has strategic partnerships in place, a growing waitlist of over 4,000, and positive indicators of product market fit. They are raising $1.5M to get to ~$1.3M ARR by Q4 2024. In 12-18 months, they expect to increase the valuation from $10MM to $20MM. Terms of the SAFE are $10M cap, and 20% discount. For further information and investment inquiries, view this opportunity in OptImpact or contact Mical
Jeanlys-White, founder and CEO.
Alignment with Sustainable Development Goals (SDGs):
FEATURED INVESTMENT OPPORTUNITY #2: The Opportunity: SHIFT Capital is Raising $2.4M to Advance the Future of Education Through Restorative Development in Kensington Details: SHIFT Capital and Voyage Investments (A Latino-owned real estate firm, part of Shift's NextGen platform) present an opportunity to invest in El Centro de Estudiantes Big Picture Philadelphia School (El Centro), an adaptive re-use of a formerly vacant warehouse located in the heart of Kensington at 3360 Frankford Avenue, Philadelphia. El Centro, a School District partner school, has signed a 10 year lease to relocate to this two-story building to improve the job readiness skills and provide workforce training for their students. The school is a critical pathway to graduation for students that need a
non-traditional route. The creative conversion from a vacant warehouse to an accredited school in an underinvested area of the city struggling with the opioid crisis, drastically improves the building’s use while generating long-standing impact and delivering risk-adjusted returns. The $2.4M investment request will go along the sponsors' equity to date and provide investors with an 10.7% LP IRR and 2.22x equity multiple over a 10-year hold. For further information and investment inquiries,
view this opportunity in OptImpact or contact Brian Murray, Partner & CEO.
Alignment with Sustainable Development Goals (SDGs):
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TAKE ACTION Use OptImpact to explore and diligence over $400M in
local investment opportunities and connect with co-investors. Aware of |
FEATURED EVENTS ImpactPHL Conversations: Investing in Returning CitizensAugust 16th, 1-2pm (online)In our August ImpactPHL Conversations session, we will explore fair chance hiring practices, returning citizen entrepreneurs, and the importance of networks as tools that can be used to positively change the outcomes highlighted above. Learn more and
register. Inspiring Change Happy Hour with As You Sow and ImpactPHLSeptember 13th, 6-8pm in PhiladelphiaJoin As You Sow and ImpactPHL for happy hour to learn more about shareholder advocacy, aligning your investments with your values, and inspiring change through corporate action. Come for a lively discussion on climate, clean energy transitions, and ways you can make a difference with Andrew Behar, CEO of As You Sow. Learn more and register. Join ImpactPHL at SOCAP23 October 23-25th in San FranciscoImpactPHL will again be at SOCAP this year, which takes place on Oct. 23-25 in San Francisco! SOCAP convenes the whole ecosystem of impact to help
drive urgent change for people and planet. Use code s23_impactphl to save $250 off your ticket! Learn more and register. |
FEATURED READING Innovation, Policy, and Nonprofits Creating Impact for Returning Citizens Details: The US Criminal Justice System directly impacts 6.6 million
people costing more than $80 billion annually. Racial disparities, extractive business practices, and misaligned incentives mar this profoundly broken system. More than 4,000 corporations profit from mass incarceration through predatory pricing, prison labor, and the private prison industry, according to research conducted by the Prison Policy Initiative. But the opportunity exists to find highly innovative private sector business models that address the injustices of mass
incarceration, poised for the ethical disruption of the Criminal Justice System. Read ImpactPHL Perspectives, Volume 67. |
TAKE ACTION
Read this article and previous ImpactPHL Perspectives |
THANKS TO OUR ANNUAL PARTNERS
WITH ADDITIONAL SUPPORT FROM
Laura Kind McKenna, Chris Pappo, Chrissy Kind, Peter Leone, Lopez Family Fund, Tom Balderson, and John Moore.
Disclaimer: ImpactPHL's content is strictly for information purposes only - it is not and should not be regarded as investment advice or as an investment recommendation. Investors are encouraged to consult their own advisors and perform their own due diligence to inform the appropriate course of action. Further, ImpactPHL
features a variety of curated content, including content from partners who may provide financial and/or in-kind support to ImpactPHL's field-building activities.
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