This vertical includes companies that have received investment from funds and/or investors who seek impact investment opportunities. The term impact investing was coined in 2008, but socially responsible investing (SRI) goes back thousands of years. Today, impact investing is a strategy that targets investment opportunities intended to create both financial returns and a positive social and/or environmental impact. Additionally, this vertical includes companies that have received investment from not-for-profit VC investors. VC-backed CleanFund, for example, provides financing services intended to make it easy and affordable to finance energy, water and other vital improvements.
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