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Venture Capital
impactamericafund.com

Investments

25

Portfolio Exits

1

Funds

2

About Impact America

Impact America is an early-stage GIIRS rated equity firm that invests $250K - $2M in high growth companies generating real financial returns while improving the well-being of underserved communities and creating quality jobs in America. Impact America is committed to Maximizing Opportunity through its innovative collaborative ecosystem approach to supporting best-in-class, diverse entrepreneurs directly improving the quality of life in underserved communities through scaling businesses focused on Health & Wellbeing, Education, Essential Services and, Financial Security.

Headquarters Location

2323 Broadway

Oakland, California, 94612,

United States

646-397-1409

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Latest Impact America News

These Black Women Just Raised $2.5M To Make Hair Extensions From Plants

Dec 6, 2022

Black-owned fiber and material science firm  Aja Labs  has raised $2.5 million to commercialize its first product, hair extensions made from plant material. The seed funding round, led by Impact America Fund, included Better Ventures, SOSV’s IndieBi, and a range of leaders across different sectors, including public health, cosmetics, business, and beauty. Aja Labs, co-founded by  Osahon Ojeaga  and  Mary Moore , is an innovative company is working to build a better-for-you and better-for-the-planet product focusing on sustainability and human wellness. Their patent-pending hair extensions will be sold under the consumer brand Nourie and will include a function that allows nutrients to be delivered to the hair over time. “Black women, in particular, have been subjected to some of the lowest quality materials by way of fashion and beauty products, leading to irritation, contamination, and disease,” said co-founder Ojeaga. “We are championing a new future in which sustainability and wellness are paramount. From both an economic and a cultural perspective, better-made hair extensions are a meaningful flagship endeavor for us.”  Aja Labs’ patent-pending hair made from plants Aja Labs is on an exciting new path by inviting Black women into the biomaterial revolution, where women can look and feel good without damaging the environment or compromising their health. With the global hair extension industry worth an estimated $6 billion in 2021 – with little sign of slowing – Aja Labs couldn’t have come at a better time.

Impact America Investments

25 Investments

Impact America has made 25 investments. Their latest investment was in NameCoach as part of their Series A on November 11, 2022.

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Impact America Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/17/2022

Series A

NameCoach

$8M

Yes

2

10/28/2022

Seed VC - III

Aja Labs

$2.5M

Yes

6

6/24/2022

Seed VC

MindRight Health

$1.78M

Yes

2

6/8/2022

Series B

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$99M

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10

12/20/2021

Seed VC

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$99M

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10

Date

11/17/2022

10/28/2022

6/24/2022

6/8/2022

12/20/2021

Round

Series A

Seed VC - III

Seed VC

Series B

Seed VC

Company

NameCoach

Aja Labs

MindRight Health

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Amount

$8M

$2.5M

$1.78M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

6

2

10

10

Impact America Portfolio Exits

1 Portfolio Exit

Impact America has 1 portfolio exit. Their latest portfolio exit was ConnXus on June 04, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/4/2020

Acquired

$99M

2

Date

6/4/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

2

Impact America Fund History

2 Fund Histories

Impact America has 2 funds, including Impact America Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/1/2020

Impact America Fund II

$55.23M

4

12/18/2014

Impact America Fund

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$99M

10

Closing Date

9/1/2020

12/18/2014

Fund

Impact America Fund II

Impact America Fund

Fund Type

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Status

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Amount

$55.23M

$99M

Sources

4

10

Impact America Team

2 Team Members

Impact America has 2 team members, including current General Partner, Kesha Cash.

Name

Work History

Title

Status

Kesha Cash

Bridges Fund Management, and Merrill

General Partner

Current

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Name

Kesha Cash

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Work History

Bridges Fund Management, and Merrill

Title

General Partner

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Status

Current

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