IMP Matrix Rating: B4

What: Fresco is a venture capital fund investing in startups at the intersection of people and technology to support an empowered workforce, holistic wellness, and sustainable loops. Their value proposition is to bridge local startup’s realities with their global aspirations, by connecting them to Fresco’s global and vast network of venture partners, accelerators, etc.

Who: Customers and stakeholders of its investee companies across the globe, mainly in upper-middle-income and developed countries.

How Much Impact: Fresco does not publish impact reports.

Our Contribution: We provided highly additional capital to their third fund, which did not achieve its final fundraising target.

Impact Risk: Fresco does not target impact creation directly, but rather focuses on impact potential of companies operating in socially desirable sectors. Without scale and financial success, impact is likely to remain limited.

Sample Investment: Glints, a job ads board.