Impact 50: Investors Seeking Profit—And Pushing For Change

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A decade ago, when impact investing was in its infancy, the prevailing view among investors was an inherent trade-off between doing good and turning profits — today, that thinking appears to be shifting Presented by NuveenInv

star has invested in mission-driven companies, especially those led by women, minorities and veterans. Recent investments include Strella Biotechnology, which is working to reduce the nearly 40% of fresh produce that is wasted in the U.S. by using data to predict the ripeness of produce and optimize the supply chain. Cuban—along with Impact 50 list members Serena Williams, Arlan Hamilton and others—has funded Mahmee, a care management platform for new moms to reduce maternal mortality.

launched a $1.9 million impact lending fund to back social enterprises like First Step Staffing, an Atlanta-based nonprofit staffing agency that finds jobs for 1,100 people each week.The Sorenson Impact Foundation, which he founded in 2012 with his wife, Krista, has invested $44 million in startups working on healthcare, education and clean energy. The foundation has returned 5.1% annually since the end of 2017. Portfolio companies include BRCK, which aims to connect Africa to the internet.

 

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