TLDR:
- Olivia Hornby, along with Keith Ippel and Graham Day, founded Spring Impact Capital, a $20 million fund investing in early-stage cleantech and healthcare startups.
- Spring Impact Capital focuses on making meaningful investments with a positive impact on human and planetary health.
After working in traditional investments, Olivia Hornby wanted to drive positive change and joined forces with Keith Ippel and Graham Day to launch Spring Impact Capital. The $20 million fund focuses on cleantech and healthcare startups with a mission to generate strong returns while making a positive impact on the future. With a belief that investors are increasingly seeking purpose in their investments, Olivia aims to connect capital with changemakers building the leading companies of tomorrow. Spring Impact Capital supports impact entrepreneurs through accelerator programming, angel networks, and investing across six provinces in Canada.
The team made their first investments in 2023 in Cognito Health, a mental health platform providing virtual care, and Retinalogik, a company revolutionizing eye exams with virtual reality software. Spring Impact Capital is keen on investing at the pre-seed and seed level to provide necessary support to early-stage founders. The fund is witnessing interest from founders and investors who resonate with the impact investing message and are enthusiastic about collaborating to foster innovation in Canada.
Looking ahead, Spring Impact Capital is expecting a second close in the first half of the year. Olivia encourages founders to seize opportunities in the rapidly growing climate space while bearing in mind the need to focus on the fundamentals for attracting investments. With more millennials inheriting wealth and women playing a significant role in impact investing, Olivia is optimistic about Spring Impact Capital’s resonance with individuals seeking to back Canadian innovation while generating meaningful returns.
Overall, Spring Impact Capital is actively contributing to the growth of early-stage companies with a focus on human and planetary health, garnering support from investors and founders eager to drive positive change in the ever-evolving market.
