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New Impact Fund

New Impact Fund

  • Minneapolis, Minnesota, United States

  • Minneapolis, Minnesota

Stage

  • Grant

Type

  • Venture Capital

Description

New Impact Fund is a community of philanthropic leaders that invests in particularly Black entrepreneurs and immigrant business owners.

Mission

The New Impact Fund’s mission is to reshape wealth creation by connecting high-net-worth individuals with Black-owned businesses in the Twin Cities. They aim to bridge the financing gap, provide critical financial and social capital, and drive tangible impact, fostering local job creation and building a more equitable future.

Beauty Investments #

  • 2

Primary Sector

  • Beauty, Technology

Beauty Exits #

  • 0

Last Beauty Invest

  • Feb, 2023-Taylor’d Skin & Co. Esthetic Bar-$2M

BEAUTY PORTFOLIO

How to Apply?

https://www.newimpactfund.org/contact

Criteria

“Criteria for Evaluating a Startup
“”Evaluating a startup involves assessing various factors to determine its potential for success. Key criteria include:

Market Opportunity:

“”Assessing the size and growth potential of the target market.””

Value Proposition:

“”Evaluating the uniqueness and attractiveness of the product or service.””

Business Model:

“”Understanding how the startup plans to generate revenue and achieve sustainability.””

Traction:
“”Looking for evidence of market demand, such as user growth, sales, and partnerships.”””

Resources Breakdown Funding Terms
  • TBD

Education
  • No
Accelerator
  • Type-No
  • Duration-No
Network
  • 2
1:1
  • Yes

IMPERATIVE: CULTURE & VALUES

TBD

TBD

TBD

TBD

TBD

TBD

BEAUTY FUNDER FIT SCORE

Resources

Education

Accelerator

Network

1:1

3.7/10

*This score calculates the likelihood of any beauty brand getting funded by the investor. The score gives weights to number of beauty investments, recency of beauty investment, number of beauty exits, inclusivity inclination, resources offered, etc.

Inclusivity Investments %
Beauty Investments #
  • 2

Beauty Exits #
  • 0
Last Beauty Invest
  • Feb, 2023-Taylor’d Skin & Co. Esthetic Bar-$2M

LEAD DETAILS

Lead Contact

Alicia Phillips

Title

Founder

LinkedIn

Twitter Handle

New Impact Fund

Contact

1(612)281-4809

JUMP CONCLUSION

Barely Good Beauty Funder Fit.

Layer 1