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Citi Impact Fund Announces Second Round of Investments

Citi Impact Fund Announces Second Round of Investments

Wednesday, January 27, 2021

Citibank has announced a second round of investments through the Citi Impact Fund in Black-, women-, and veteran-led companies working to address pressing social problems.

Launched in 2020, the $200 million fund makes equity investments in "double bottom line" companies working to create impact in one of five areas: workforce development, financial capability, physical and social infrastructure, sustainability, and access to capital and economic opportunity.

"The Citi Impact Fund is broadening access to capital for founders like me," said MedHaul founder and CEO Erica Plybeah. "MedHaul is the first company receiving earlier-stage seed investment from the fund, and we're extremely excited to partner with Citi as we scale our company to support more people in need of quality, dependable medical transportation."