- Investors include family offices and high-net-worth individuals
- Firm is based in Toronto and New York
- Was founded in 2021 as an SPV investor
Impact investment firm Waterpoint Lane announced it has closed its inaugural fund, which will make growth-stage investments in B2B tech companies targeting the food and agriculture sectors.
The firm, based in Toronto and New York, did not disclose the size of the fund or names of investors, but said LPs include family offices and high-net-worth individuals.
Waterpoint Lane Sustainability Fund I had a target size $7.54 million, according to fundraising data from affiliate title Private Equity International. Fund I began fundraising in June 2023, held a first close on nearly $1 million in July 2023 and a second close on about $3 million in July 2024, PEI reports.
“This successful fundraise validates the strength of our investment thesis and our shared belief in the power of innovation to catalyze meaningful change in the global food system,” Waterpoint Lane founder and co-managing partner Ben Gibbons said in a statement.
“With Fund I, we’re building more than a portfolio—we’re crafting a blueprint for scalable, impact-driven value creation,” added co-managing partner Meifan Shi. “By supporting visionary entrepreneurs and deploying bold strategies, we aim to set new benchmarks for innovation and leadership in this critical sector. Fund I represents a pivotal step in positioning Waterpoint Lane as a transformative force in sustainable investing.”
Based in Toronto and New York, Waterpoint Lane was founded in 2021 as a special purpose vehicle investor.
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