Zinc to go for $41M tech-for-good fund to back pre-team talent solving big problems
- ByStartupStory | May 31, 2022
In recent years, so-called “Tech for Good” accelerators have emerged that deal with annoying topics such as ESG and SDGs. Some observers have rejected these efforts as scalable to some extent. But there is increasing evidence that they are increasingly attracting some of the world’s best talents, as they want to solve some of the world’s biggest problems.
And wherever talent goes, money and support follow. In Europe, Entrepreneur First (EF) and Antler sought to expand the model as a “talented investor,” but the Bethnal Green Ventures Foundation was acquired and recapitalized by new owners.
Founded by Ella Goldner, Paul Kirby, and Saul Klein (founder of Local Globe),
Zinc is an accelerator that hit the market in 2017 with the support of early investors, including the London School of Economics. We have supported more than 220 founders who have established more than 60 companies, including Vira Health (menopausal support), Tandem (worker transport), Pexxi (personal contraceptives), and Untangle (oral contraceptives). rice field. As you can see, it’s possible to start a business that addresses a seemingly unsolvable problem.
Zinc has now achieved the initial closure of a new £ 28m ($ 34m) fund and the final closure of £ 33m ($ 41m) in society. Zinc will invest up to £ 250,000 in each company it is founded.
The Zinc 2 Fund supports pre-team and pre-idea talent to build these startups (like EF). This cohort attracts talent focused on four missions: mental health, the environment, improving quality of life in old age, and helping people affected by automation and globalization. Zinc and entrepreneurs share the belief that each of these missions is a great opportunity for both social impact and commercial success.
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