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Based in New York, the Citi Impact Fund is a corporate venture capital vehicle that invests in startups addressing financial resilience, social infrastructure, workforce development, and climate solutions. Operating as a dual-mandate investment entity, the firm utilizes Citi's proprietary capital to generate financial returns alongside social outcomes for underserved global communities. The investment vehicle has expanded significantly from its initial allocation to reach a $500 million total fund size, having successfully deployed over $200 million in capital across 56 distinct companies and funds as of December 2025. The fund's active investment portfolio features direct equity stakes in recognizable technology and infrastructure startups, including Fulcrum BioEnergy, ICON, PadSplit, WorkWhile, and The Mom Project. The corporate venture arm was officially launched in 2020 by its parent financial institution, Citigroup, and operates without specific individual founders.
The Citi Impact Fund was launched in 2020 with a $150 million investment vehicle from Citi, dedicated to supporting businesses that address societal challenges.
The fund targets innovative solutions to pressing problems, including improving health outcomes for vulnerable populations and supporting climate resilience initiatives.
The Citi Impact Fund was launched in 2020 with a $150 million investment vehicle from Citi, dedicated to supporting businesses that address societal challenges.
The fund targets innovative solutions to pressing problems, including improving health outcomes for vulnerable populations and supporting climate resilience initiatives.
The Citi Impact Fund operates as an investment vehicle of Citi, established in 2020 with a $150 million capital commitment. Its core mission is to identify, invest in, and support the growth of startups that are advancing systems change and disruption for good.
This corporate venture capital initiative is designed to back firms that demonstrate a "double bottom line" approach, meaning they pursue both financial returns and significant social impact. This strategy is consistent with Citi's overarching commitment to fostering economic progress and enhancing the quality of life in low-income communities worldwide.
The fund's investment focus spans innovative solutions to a range of societal challenges. These include initiatives aimed at improving health outcomes for vulnerable populations and supporting efforts in climate resilience. An example of its portfolio includes companies like Forerunner, which assists city agencies in bolstering storm readiness.
An experienced team manages the Citi Impact Fund, dedicated to making high-impact investments. By leveraging its capital, the fund aims to address complex community challenges while simultaneously nurturing the development of promising ventures.
Through its strategic investments, the Citi Impact Fund contributes to Citi's broader impact goals, utilizing capital to drive positive change and support the innovation ecosystem.
Citi Impact Fund has 1 tracked investment across 1 company. The latest tracked deal is $26.3M Series B in Forerunner Ventures in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 5, 2026 | Forerunner Ventures | $26.3M Series B | Wellington Management | SE Ventures |
