“Angels With A Cause,” a feature article in the May issue of Financial Advisor magazine, explores the field of “impact angel investing,” a blend of — yeah, you guessed it — angel and impact investing.
Angel investing provides capital to start-up businesses, often when banks and venture capitalists won’t. Impact investing seeks to solve social or environmental problems while generating financial returns. When the two types of investments meet, heavenly things can happen.
Clean Yield’s investments in its local environs is highlighted as an example. “We’re hearing from clients that they want their money out of Wall Street, into their local communities, and in particular into the food sector,” Clean Yield chief investment officer Eric Becker told the magazine. You can read the entire article here.