Proof of Impact, an Amsterdam, The Netherlands-based blockchain powered marketplace to donate or invest directly into measurable impact outcomes, closed its first institutional investment round.
The amount of the deal was not disclosed.
The round was led by Franklin Templeton, a global fund manager managing around $700 billion in assets, with participation from Ausum Ventures, Crypto Valley Venture Capital and Pangea Blockchain fund. In connection with the investment, a representative of Franklin Templeton will serve on the Proof of Impact B.V. board, offering their expertise in the application of blockchain technology and impact investing as well as scaling the POI offering globally.
The company intends to use the funds to continue its growth path and execute its goal of securitizing proven impact and bringing proven impact investment products to global capital markets.
Founded in 2017 by Fleur Heyns, Proof of Impact is building a global marketplace on the blockchain where one can donate or invest directly into measurable impact outcomes.
The marketplace allows impact implementers (NGOs, companies, impact initiatives etc) to deliver verifiable impact events at an individual level and sell them directly to donors and impact investors. All Proof of Impact verified impact events are connected to the relevant United Nations Sustainable Development Goals (SDGs).
The ultimate goal is to offer liquid impact investment products and investment portfolios supported by blockchain technology to mobilize great quantities and diversified capital for proven impact. The POI marketplace will launch in The Netherlands in Q1 2020.