Impact venture

We want to build a venture ecosystem that effectively nurtures and scales innovative ways of tackling social problems. ​

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Improving financial wellbeing through tech

Wagestream is tackling the invisible, urgent problem of financial stress – helping employers roll out a financial wellbeing app for staff that reduces reliance on predatory forms of credit and builds up their savings and financial resilience. Wagestream also works with experts to give tips on managing money and budgeting and offers employees the chance to build up a savings pot.

Wagestream received an investment from the £10 million Fair by Design Fund, managed by Ascension, which Better Society Capital invested £6 million into.

  • £126m

    Total capital committed by Better Society Capital

  • 129

    Number of impact-targeting startups our capital has supported

  • 7.4m

    Number of people those startups have supported

Startups creating impact

Across our portfolio, more than 100 startups are improving people’s lives in health, education and training, and financial inclusion.

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    The team at Better Society Capital are extremely thoughtful in their approach to impact and their depth of knowledge and collaborative outlook has been instrumental as we have launched Eka over the last two years.

    Jon Coker

    Founding Partner, Eka Ventures

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  • 2 | 2

    From the fund’s inception, the Better Society Capital team struck the perfect balance between holding us accountable to our impact framework and being a fantastic fund champion. They have been particularly supportive in helping us think about fundraising strategies, whilst building a sound impact thesis.

    Emma Steele

    Investment Director, Ascension

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Impact venture funds

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# Fund manager Fund name Asset class Fund size Investment status
1. Ada Ventures Ada Ventures I Venture capital <£50 million Current
2. Ananda Ventures Ananda Social Venture Fund III Venture capital <£50 million Current
3. Ascension Ascension Fund III Venture capital <£50 million Current
4. Balderton Capital Balderton Capital Growth I Venture capital £250+ million Current
5. Bethnal Green Ventures Bethnal Green Ventures Venture capital <£15 million Current
6. Connect Ventures Connect Ventures III Venture capital <£250 million Current
7. Eka Ventures Eka Ventures Fund Venture capital <£250 million Current
8. Ascension Fair by Design Fund Venture capital <£15 million Current
9. Ascension Good Food Fund Social lending <£15 million Current
10. Lightrock Impact Ventures UK Venture capital <£50 million Current

13 results found

Building impact know-how in venture