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:
- Saxbys is raising
$10M to fund national expansion of its "Experiential Learning Platform"
- Naturaz has $700K left of $1M seed round to bring healthy, effective hair care products to women and girls (Black women led)
- $1M left in seed round for Reciprocity Health to address imbalances in health equity and improve health
outcomes
- Events:
- Oct. 23rd-25th - Join ImpactPHL at SOCAP23
- Nov. 15th - ImpactPHL Social: PAGE (Philadelphia Anchors for Growth & Equity) Capital
- Reading:
- Investments in Publicly Traded CDFI Banks Catalyzed by ECIP
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FEATURED INVESTMENT OPPORTUNITY #1: The Opportunity: Saxbys is raising $10M to fund national expansion of its "Experiential Learning Platform" Details: Saxbys, a certified B Corp headquartered in Philly, is an education company disguised as a coffee company. Saxbys partners with higher education institutions to build cafes on college campuses run by all-student teams with the buildout cost fully funded by the partner. Saxbys' proven plug-and-play model provides a win for higher ed
institutions seeking to provide experiential learning opportunities; a win for the students that get unparalleled entrepreneurial experience and academic credit; and ultimately a win for Saxbys by delivering groundbreaking unit economics together with graduation and career-launching outcomes. Saxbys currently operates in seven states and is seeking $10M in growth capital to execute a nationwide expansion. For further information and investment inquiries, view this opportunity in OptImpact or contact Nick Bayer, Founder & CEO.
Alignment with Sustainable Development Goals (SDGs):
FEATURED INVESTMENT OPPORTUNITY #2: The Opportunity: Naturaz has $700K left of $1M seed round to bring healthy, effective hair care products to women and girls (Black women led)Details: Clinical studies have shown a correlation between frequent exposure to toxic ingredients found in hair care products and the development of uterine
fibroids/cancer, or the early onset of menarch, in young
girls (a risk factor for breast cancer). Naturaz is on a mission to tackle this public health crisis by focusing on better chemistry to formulate effective and safe cosmetics. The textured (curly) hair category is showing rapid growth in the US and globally with recent exits ranging from $100M to $1B. Naturaz is currently phasing its expansion into the TJX chain (TJ Maxx, Marshalls & Winners), a $50B company, which could lead to entry into over 2000 stores. In October 2023, the company is
also launching in independent beauty stores with the goal of expanding to 3000 stores. Naturaz is raising a $1M seed round with $300K already closed. They are offering a convertible note, 20% discount, 6% interest. For further information and investment inquiries, view this opportunity in
OptImpact or contact Mumbi Dunjwa, Founder & CEO.
Alignment with Sustainable Development Goals (SDGs):
FEATURED INVESTMENT OPPORTUNITY #3: The Opportunity: $1M left in seed round for Reciprocity Health to address imbalances in health equity and improve health outcomesDetails: Low patient adherence to care programs causes over over 125,000 preventable deaths per year and $500B in avoidable healthcare costs. Reciprocity Health addresses imbalances in health equity and the related high cost of healthcare with a focus on one significant contributing factor: the ineffective
adoption of critical care programs in Medicaid and other vulnerable populations. Reciprocity Health's TheraPay Rewards successfully addresses the complexities of adherence within underserved communities by leveraging the proven power of financial incentives and programming derived directly from CMS field-tested research. The founders are Wharton grads with a focus on Philadelphia-region impact through current client Highmark BCBS (serving Medicaid and Medicare in Delaware and Pennsylvania) and
developing partnerships with AmeriHealth Caritas, Penn Medicine, CHOP, and ChristianaCare. With >300% revenue growth in 2023, Reciprocity Health is raising growth capital to meet new client demand. Triple Impact Capital and StartUp Health are participants in the current $3M priced seed round of which $2M is already committed and funded. Target close is the end of November. For further
information and investment inquiries, view this opportunity in OptImpact or contact Matt Swanson, CEO.
Alignment with Sustainable Development Goals (SDGs):
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TAKE ACTION Use OptImpact to explore and diligence over $500M in local investment opportunities and connect with co-investors. And if you know of investments seeking capital, tell us! |
FEATURED EVENTS 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. Last chance to join us at a discount - register today to receive $249 off your ticket! Learn more and register. ImpactPHL Social: PAGE (Philadelphia Anchors for Growth & Equity) CapitalNovember 15th, 6-7:30pm @ World Cafe Live Please join us for a casual social and cash bar happy hour to connect with investors, businesses, practitioners, and other leaders that
have participated in or are interested in the work of PAGE Capital, The Hurdle Fund, and - more broadly - connecting capital for racial justice and equity in the Greater Philadelphia region. Learn more and register. |
FEATURED READING Investments in Publicly Traded CDFI Banks Catalyzed by ECIP Details: In September of 2022, the Department of Treasury provided $8.3 billion of Covid relief to CDFI and MDI
banks through a program called Emergency Capital Investment Program (“ECIP”). This program provided substantial equity-like awards ranging from $60-500 million to encourage these organizations to increase their financial services to low- and moderate-income, urban, rural, and minority communities. Some recipients are publicly traded, and these large cash infusions attracted the attention of some deep value-seeking investors. This article explains why this program presents a rare potential
opportunity to earn high financial returns while investing in entities that are making a significant impact in their communities. Read ImpactPHL Perspectives, Volume 69. |
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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