Family offices become serious rivals to VC firms; The argument for worker and community owned cooperatives
Alternative funding and how to get it
Hello folks! I’m Esme, the founder of Considered Capital. This is the 8th issue of The Considered Club - a bi-weekly newsletter featuring alternative routes to funding and how to get it. If you’ve enjoyed what you’ve read please like it above and share with friends.
Hi folks,
Just like that we’re at week four of How to Raise Alternative Funding. We’ve had an amazing few weeks learning about what funding alternatives exist, where to find them and how to access them. This week we’re joined by Emma Shaw who’ll be telling us how she and her co-founders at Library of Things raised a million pounds in aligned funding. You rarely see examples of companies raising patient, flexible, and mission-aligned capital so I’m so excited to learn how they did it.
Money
Grants
Social Enterprise Support Fund | offering grants of £10-100K for businesses in England
Carbon Innovation Fund | a new fund by Co-op and Co-op Foundation awarding funding of between £75k and £100k to 10 projects in a year
Circular future fund | a new fund by Hubbub and John Lewis awarding grants of between £150,000 to £300,000 for projects that re-think waste, shift consumer mindsets or develop new business models
Fit for Life Foundation | awarding grants of £100,000 to three social enterprises based anywhere in the world that promote lifelong fitness and health
Accelerators
Bethnal Green Ventures | applications are open for their Spring 2022 Tech for Good cohort
Impact Central | a 6-month accelerator for impact driven startups
Pinterest | 3 months of dedicated support for Black owned businesses
Impact Investors
Bridgespan Social Impact | a list of 160+ funds working to create equitable opportunities for BIPOC communities
Tech for Good | explore a database of impact investors funding tech for good across the globe
Giant Leap Fund | an open source database of the world’s impact venture capital funds
The argument for worker and community owned cooperatives;
Funders
Horizon VC, an alt-VC Fund utilising the CFEA (convertible future earnings agreement) has shared a public draft of their Fund 1 Memo as well as their future plans for Fund II
Auxxo, Germany’s first VC fund for female founders launches this week
Not locked into the rigid life cycles of a VC fund, Family offices become serious rivals to VC firms for funding start-ups
In case you missed it
Startup Discovery School | Bethnal Green Ventures, Dama Sathianathan, talking all things Impact Investing
Forbes | Chobani is going public and some of its hourly workers could stand to make $1 million or more in stock awards
Impact Alpha | The Indigenous wisdom of lending based on character, not collateral
Tell us what you thought of this issue 👇
Until next Sunday,
Esme