Patagonia Launches In House Fund
May 7, 2013
in Articles, Benefit Corporation, Flexible Purpose Corporation, nonprofit, Projects, SEC, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Venture Capital
There is lots of movement in the social impact investment space lately it seems. Yesterday on Businessweek.com there was an interesting piece on Patagonia, California’s first Benefit Corporation, and its announcement of the creation of an in house venture fund aimed at startups looking to make a positive social impact in these distinct areas: clothing, food, water, energy, and waste.
Patagonia has always been a leader in the impact space and with the creation of this new fund, “$20 Million & Change,” it takes another important step in driving social impact in the start up and venture capital worlds.
Read the Businessweek.com article on this new venture here.
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