"Eka Ventures has closed its second fund at $107 million, bringing its total assets under management to $200 million and making it the UK's largest early-stage impact VC investing across health, wellbeing, and sustainability."
"The investment thesis remains unchanged: consumer technology companies operating at the intersection of preventative healthcare, sustainable consumption, and widening access to essential services such as housing, insurance, and education."
"Eka says its debut fund's performance supports the thesis, claiming Fund I is in the top 5% for both DPI and TVPI in its 2021 vintage, though these figures have not been independently verified."
Eka Ventures has successfully closed its second fund at $107 million, increasing its total assets under management to $200 million. The firm aims to invest in up to 30 pre-seed and seed-stage companies in the UK, maintaining an average first cheque of around $2 million. The investment strategy focuses on consumer technology companies that promote preventative healthcare, sustainable consumption, and access to essential services. The firm’s backers include various public-interest capital and philanthropic foundations, supporting its thesis that impact investing can yield significant returns.
Read at TNW | Investors-Funding
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