The Local Initiatives Support Corporation (LISC) has committed to invest $1 million in SustainVC Impact Fund II, a $25 million fund supporting early-stage companies focused on social and environmental impact.
The commitment is part of LISC's capital management strategy to align a portion of its investable assets with its mission to build a broadly shared prosperity throughout the country.
The strategy includes a new impact investment in SustainVC Impact Fund II, which finances enterprises that advance climate solutions, economic equality, health and education.
SustainVC supports entrepreneurs in three impact categories: climate and sustainability, equality and empowerment, and health and education. Read the Entire Article
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The Baltic states (Estonia, Latvia and Lithuania) have seen a positive economic growth in the last four years. Social enterprise startups are rising, thriving and increasing. Social entrepreneurs like Sabine Sile of Latvia’s first charity shop Otra Elpa, Riinu Lepa of Tagurpidi Lavka and Estonian Social Enterprise Network, Zane Bojare of Lude, and Paavo Ala of Meditech Estonia have invested their time, money and resources to create social impact in their localities.