Citi Impact Fund

The Citi Impact Fund, launched in 2020, stands as a significant player in the impact investing landscape, operating as a dedicated venture capital fund within Citi. Its core mission is to invest in "double bottom line" companies that not only generate financial returns but also create measurable positive social and environmental impact. The fund specifically targets firms developing innovative solutions to pressing societal challenges, aligning with Citi's broader commitment to sustainable and inclusive growth.

The fund's investment strategy is highly focused on a few key thematic areas. These include financial inclusion, aiming to expand access to financial services for underserved populations; workforce development, supporting initiatives that enhance skills and create employment opportunities; sustainability, backing companies that address climate change and promote environmental stewardship; and infrastructure, investing in solutions that improve community resilience and access to essential services. Citi Impact Fund typically engages with early to growth-stage companies, often participating in Series A or B funding rounds.

With an initial commitment of $200 million, the Citi Impact Fund has rapidly deployed capital into a diverse portfolio. As of early 2023, the fund had invested over $100 million into more than 40 companies, demonstrating its active role in fostering innovation across its target sectors. While specific first check sizes can vary based on the company's stage and capital needs, the fund generally provides initial investments ranging from $1 million to $5 million, reflecting its focus on supporting promising startups as they scale their impact.

The fund represents a strategic component of Citi's broader Environmental, Social, and Governance (ESG) initiatives, leveraging the bank's extensive network and expertise to support its portfolio companies. Beyond capital, Citi aims to provide strategic guidance and access to its global resources, helping these impact-driven businesses achieve both their financial and social objectives. This integrated approach underscores Citi's commitment to driving positive change through its investment activities.