Eka Ventures, a London, UK-based early stage venture firm that is integrating impact investing into mainstream venture capital, closed its fund, at £68m.
Investors in the fund include British Business Bank, BSC, Isomer, Guys and St Thomas Foundation, Planet First Partners, Draper Esprit, Snowball and others, including 24 entrepreneurs, 12 of whom are founders the Eka partners have previously backed.
Founded by Jon Coker, Camilla Dolan and Andrew Richardson, Eka will invest in consumer technology companies focused on redefining business systems to be more sustainable, healthy and inclusive. The fund will focus on the UK, invest early and lead rounds, making investments between £500k-3m. The firm’s three investment themes include:
- Sustainable consumption: reducing emissions, waste and resource use through more efficient, circular consumption models and supply chains.
- Consumer healthcare: reducing chronic illness and health inequality through prevention, early detection and low impact treatment methodologies.
- Inclusive Economy: Reducing expenditure poverty and financial exclusion by using technology to reduce the cost to serve in life-essential products.