With the UN pledging to prioritise Sustainable Development Goals such as clean energy, gender equality, climate action, no poverty and good health and wellbeing to name just a few we have seen a huge upturn in investors seeking to put money into purpose-driven tech solutions.
London has become one of the fastest-growing hubs for impact tech with start-ups pledging to resolve some of the biggest issues we face as a society. With London generating 241 impact start-ups compared to 95 in San Francisco since 2016 it’s no surprise to see the early investments starting to pay dividends. VCs although committed to a return on investments are starting to focus more heavily on impact tech and the opportunity it offers.
Up to the end of 2020, the UK had secured more investment in the past 5 years than any other country in the world, in 2020 an astonishing £950m was raised. This growth is encouraging interest from international investors and is set to continue in the years to come.
Furthermore, growth within Impact Tech shows no signs of slowing, here are just a few of the organisations delivering ground-breaking possibilities to support the all-important SDGs. Octopus Energy, Arrival, Babylon Healthurban.MASS
The UN Secretary-General called on all sectors of society to mobilize for a decade of action and global action to secure greater leadership, more resources and smarter solutions for the Sustainable Development Goals; to generate an unstoppable movement pushing for the required transformations.
So it is no surprise that impact tech companies who are intent on tackling climate change and clean energy are consistently attracting interest from global investors, this area made up over 53% of the overall VC investment into London’s impact tech companies last year demonstrating the huge demand for climate change solutions.