Social Entrepreneurs Fund launched

Bridges Ventures has launched the Bridges Social Entrepreneurs Fund, a vehicle designed to make investments in social enterprises. The evergreen vehicle is an initiative of the Bridges Charitable Trust and has raised £4.25m so far.

The first commitment was made by NESTA, while other founder partners include Sir Ronald Cohen, Nigel Doughty, Harvey McGrath, Apax Foundation, The Generation Foundation, Lehman Brothers Foundation Europe, 3i and the Bridges Ventures team. All founder partners have supported the fund through donations to the Bridges Charitable Trust.

The fund will invest in scalable social enterprises that deliver strong social impacts and operate financially sustainable business models, investing up to £1m in each transaction.

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