TLDR:
- Active Impact Investments and Lightrock both achieved successful exits in their venture capital portfolios.
- North Sky Capital closed its ninth impact secondaries fund, signaling a strong market for impact secondaries buyers.
A strong venture capital market requires a smooth exit market, but recent slowdowns in mergers and acquisitions and IPOs have made exits rare. Active Impact Investments, a certified B Corp based in Vancouver, recently achieved three exits in its venture capital portfolio. One of their exits was with Canada’s Keela, which was acquired by Aplos, a software developer for nonprofit and faith-based organizations. Another portfolio company, Sustain.Life, based in New York, was acquired in a $100 million deal for their software that helps businesses track emissions.
Lightrock, the impact arm of a London-based private banking and asset management group, achieved an exit in Ummeed Housing Finance, a company providing loans to low- and middle-income families and small businesses in India. They made the investment through their tech-driven impact fund. Additionally, US-based North Sky Capital closed its ninth impact secondaries fund with $250 million, indicating favorable market conditions for impact secondaries buyers, especially in impact sectors.
