New Fund: Inclusive Creative Economy Strategy
From Upstart Co-Lab: Upstart is launching a $100 million portfolio of funds and companies comprising the first impact investment strategy for the U.S. creative economy which will focus on fashion, film & TV, video games, food, the creator economy, the visual art market, immersive experiences, health & beauty and other creative industries.
Upstart’s approach will prioritize BIPOC and women entrepreneurs, and deliver people-focused impact: quality jobs, vibrant communities, and sustainable creative lives. To learn more about the impact that investing in the creative economy can create, please read Upstart’s Impact Report.
In tandem, Upstart will conduct an influence strategy focused on unlocking artists, art patrons and endowed cultural institutions as a new cohort of impact investors, and the creative sector as a new source of impact capital.
Upstart is seeking program-related investments from foundations; recoverable grants from donor advised funds; and mission-related investments from endowed nonprofit arts and culture organizations.
Upstart Co-Lab’s Inclusive Creative Economy Strategy is supported by ImpactAssets.