Pioneering Scottish investment fund secures £1m in a bid to “address society’s greatest challenges”

Scotland’s leading impact investor, SIS Ventures, has secured £1m for its pioneering investment fund, Impact First, from Chroma Ventures.

Chroma Ventures was created in 2021 by technology entrepreneurs Paddy Burns and Chris van der Kuyl as a broad-spectrum investment arm of their video game development studio, 4J Studios. Based in Scotland, but with an international outlook, Chroma Ventures backs companies developing and deploying innovative technology and data-led businesses.

Impact First launched its second round of fundraising in February this year with the aim of attracting up to £5m to scale up its mission-led investment in Scotland’s highest impact potential early-stage businesses.

This cornerstone investment by Chroma Ventures, in addition to a further £700k already committed by other investors, means that the fund has now exceeded its minimum target and will proceed to first close over the next two months.

SIS Ventures’ Impact First fund provides an opportunity for investors to make tax-efficient financial returns alongside impact returns by investing equity into Scotland based businesses whose social and environmental aims are aligned to the United Nations Sustainable Development Goals (UN SDGs).

Chris van der Kuyl, principal of Chroma Ventures, said: “Since our first investment in 2019, we’ve been impressed by SIS Ventures’ expertise and ability to identify opportunities in companies that will make a significant, positive difference in people’s lives.

“SIS Ventures’ ambition and approach complements our desire to invest in exceptional leaders and teams, which is why we have chosen to enhance our support through their Impact First fund.”

Jill Arnold, head of SIS Ventures, added: “Ever since launching Impact First, we have maintained an unwavering belief in the potential of an impact-focused fund for the investor community, which harnesses the power of business and innovation to help address society’s greatest challenges and needs.”

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