CapShift, a Newton MA-based impact investing platform, raised $5M in Series A funding.
New investors include the co-founders or former heads of financial firms Bain Capital Europe, Aperio, and Addepar. Additional impact-focused new investors include Brazen Impact, advisory firm Impact Investors, and Gratitude Railroad. Existing investors Jesse Fink, Heron Foundation, Spring Point Partners, and Grantham Foundation for the Protection of the Environment also participated in the round, among others.
Backers included the co-founders or former heads of financial firms Bain Capital Europe, Aperio, and Addepar, Brazen Impact, Impact Investors, and Gratitude Railroad, Jesse Fink, Heron Foundation, Spring Point Partners, and Grantham Foundation for the Protection of the Environment, among others.
The company intends to use the funds to expand its tech platform, impact investment research database, and advisory capabilities.
Co-founded by Mark Cirilli and Adam Rein of MissionPoint Partners, an impact investment firm, along with CEO Jacques Perold, former President of Fidelity Research & Management Co., CapShift provides an impact investing platform to empower philanthropic and financial institutions and their clients to use capital for social and environmental change. The system currently enables access to investments in over 1,000 impact investment funds and enterprises across public, private, and nonprofit investment segments. It serves a growing number of private foundations, family offices, corporations, and wealth and philanthropic advisors.