Impact syndicate will be co-chaired by Faye Walsh Drouillard, the first female chair of an HBAN syndicate.
All-island Irish angel investor organisation Halo Business Angel Network (HBAN) has created a new syndicate focused on socially-conscious start-ups.
Launched today (2 February) at HBAN’s All-Island conference, members of the Impact Syndicate will collectively invest €10m in environmental, social and governance (ESG) start-ups across Ireland over the next three years.
“Impact investing provides exciting financial potential for investors, while also enabling them to make a difference in the community and even the planet”
The syndicate will consider pitches from start-ups focusing on climate, agri-tech & food supply chain, energy, blue economy, health and cleantech.
What is impact investing?
Impact investing allows investors to drive positive and measurable social and environmental change alongside financial returns. In 2020, the global market reached up to $2.1 trillion* in assets under management.
The syndicate will be co-chaired by Faye Walsh Drouillard, the first female chair of a HBAN syndicate, and Mark Peters.
Drouillard is an impact investor and along with Peters, is a co-founder of WakeUp Capital. She also founded The Giving Circle and is a board member of Philanthropy Ireland. Peters is also an active impact investor, as well as being Google’s director of EMEA Partnerships.
“Impact investing provides exciting financial potential for investors, while also enabling them to make a difference in the community and even the planet,” Drouillard said. “I have been focused on impact investing throughout my investment career and I feel honoured to be contributing to its further growth by co-chairing the Impact Syndicate alongside my highly experienced and knowledgeable WakeUp Capital co-founder, Mark.
“I am passionate about supporting entrepreneurs to drive real social and environmental change, and impact investing is central to this. It also attracts a more diverse investor profile, which in turn facilitates investment in a more diverse range of companies. It is this diversity that will help us to solve real-world problems and build a better future for everyone.”
HBAN is a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, dedicated to the all-island promotion of business angel investment.
“Investors and entrepreneurs alike want to make a meaningful impact,” said Julian Seymour, Syndicates manager at HBAN.
“The global focus on ESG has created a market with almost boundless opportunities for growth and we want to help Irish businesses to be a part of that story.
“HBAN’s Impact Syndicate will help to drive ground-breaking ESG innovation across the island of Ireland by providing the funding and knowledge that socially-aware start-ups need to scale. This will be supported by our two chairs who have extensive experience in impact investing, and who have significantly contributed to the growth of impact investing here.
“Angel investing is hugely rewarding and I encourage anyone who is considering it to join us on February 2nd to gain more insights into what is involved.”
Main image at top: Faye Walsh Drouillard, the first female chair of a HBAN syndicate, and Julian Seymour, Syndicates manager at HBAN