Daring Capital investment news – Daring Capital Invested €1.2 Million in Purpose-Driven Startups

The goal is to support entrepreneurs who are building businesses to help underserved communities in the UK. Out of over 300 applicants, 10 founders were selected, all tackling social issues like youth unemployment, mental health, and racial injustice.

These entrepreneurs presented their ideas to Daring Capital’s network of over 40 investors. The selected startups have raised over €1.2 million in total.

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Early successes include Sophie O’Brien’s Pollen, a platform reducing bias in recruitment, and Ritu Kiran’s Aubilities, a tech platform improving support for neurodiverse employees.

Jem Stein, Daring Capital’s founder, noted: “Coming from a background in the social sector, I know how hard it is to get these types of projects off the ground. As a white male founder who had a private education, I found it hard enough to raise the capital needed to make a positive impact on society! It’s so much harder for female founders, founders of colour, and disabled founders to raise the cash they need to do brilliant work. I made the switch from social entrepreneur to impact investment because there are so many brilliant founders out there who aren’t getting enough investment. With Daring Capital, I want to fill that gap.”

Richard Collier-Keywood, former Senior Partner/CEO of PWC, comments: “Daring Capital is providing a new approach to social investment. By supporting purpose-led startups, they’re not only enabling some fantastic social entrepreneurs to reach their potential, they’re offering unique opportunities for investors to back purpose-led start-ups. I’m really excited to be working with them.”

Nilan Peiris, CPO at Wise, comments: “In supporting overlooked purpose-led founders, Daring Capital is doing something different. There are huge, untapped opportunities here to generate financial and social returns from purpose-led businesses. I’m very pleased to be able to invest in Jem and the team as they move into this exciting new phase.”