Website
Business classification
VCID: 588476
Profile
Corporate information
Registration country
Registration country
Investment activity status
Active investor
Company type
Venture fund, investing debt and equity in early-stage businesses aiming to eliminate the poverty premium in the UK.Overview
The Fair by Design Fund is a venture fund that invests in organisations tackling the poverty premium. The early-stage businesses receiving investment from the Fund provide services in sectors such as energy, insurance, borrowing, transport and food. The fund’s investment process includes a focus group of people with lived experience of the poverty premium, run by Toynbee Hall. This group assesses the true customer fit of all ventures considered for investment.
Fund terms
Fund manager
Allowed extension
2.00 years
Fund term
10.00 years
Fund type
Funding
Funding rounds
Fund Closing GBP 14,700,000
(31 Dec 2017)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Big Society Capital | United Kingdom | GBP 6,000,000 Initial investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Round | |
|---|---|---|
|
|
Big Society Capital |
Fund Closing |
Investments
Investment preferences
Focus countries
United Kingdom
Selected investments
| Company | Country | Date | Notes | ||
|---|---|---|---|---|---|
|
Wagestream Ltd Wagestream allows all employees, both salaried and hourly, to have complete control over when they get paid. |
United Kingdom | 9 Sep 2018 | Venture Initial investment. Round participant. Active |