Financial services firms are continuing to back sustainable and diversity-focused venture capital funds and accelerators.
Aviva, a UK-listed insurer, has made its second commitment from its £50m ($70m) sustainability-focused fund of venture capital funds, into the Frontier Fund recently launched by Energy Impact Partners. (FirstEnergy, a New York-listed energy group, also made a $2.5m investment in the same Frontier Fund, which targets early-stage, innovative decarbonization technologies.)
Ben Luckett, chief innovation officer at Aviva, said: “I am delighted to share we have completed our latest investment into sustainability focused venture funds. This partnership with Energy Impact Partners is an exciting next step on the journey to net zero.”
Separately, US investment bank Morgan Stanley’s Multicultural Innovation Lab has expanded into London, UK.
Apply to its five-month accelerator programme to develop and scale your startup — with £200k in funding. Find out more here.
