July 14th 2023.
Zoey Dash McKenzie is committed to helping Black communities, who are disproportionately affected by climate change, by taking a proactive approach. As the founding partner of Public Ventures, she recently announced a $100 million impact fund to develop life science and clean tech startups. This fund will not only identify good startups, but also invest before the end of the year.
Dash McKenzie is also part of a government program that has set aside more than $50 million for fund managers. She told TechCrunch her plans are to "stack our investments so that they have an amplified impact in the real world" and to "come up with a few strategies on how we can pull together a consortium of startups from all over the world to have a meaningful output."
According to Essence, Dash McKenzie aims to secure capital in the early stages of ventures through a "waterfall structuring" and "make assessments on a deal-by-deal basis." She also plans to "accelerate capital velocity at the early stage, when it's needed most" by sitting between government grants and traditional venture capital.
The goal of Dash McKenzie's impact fund is to break down barriers to capital and cultivate a venture studio-like experience. She told TechCrunch, "In some ways, that breaks down the barriers in terms of accessing capital, accelerating their innovation, and broadening their networks." This fund is based in the U.S., but focuses on startups in Canada.
Dash McKenzie is setting an example of how to think ahead and help those who are affected by climate change. Her impact fund is a great way to invest in startups and put her plan into action.
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