Heritas Capital presents its inaugural impact report for FY2021
We are pleased to present our inaugural impact report, bringing you through the journey as at 2021 that Heritas has taken through integration of ESG considerations and impact. The report covers our investment processes and how we are integrating these principles and goals into our core business priorities, illustrated by select impact investment case studies of Alchemy Foodtech, SilverConnect, ConveGenius, and Cakap, to show how we have invested to scale the ventures in both impact and business traction.
Many of Heritas’ portfolio investments across 7 countries in Asia including Singapore, Indonesia, Vietnam and India have been providing solutions to address underserved needs of the communities that they operate in, driving and creating positive impact outcomes. Together, they have provided >30m users access to quality, affordable healthcare services annually, >15m learners access to quality, affordable education services annually, and >10m healthier/more nutritious meals for special needs such as diabetes and dysphagia.
Along with encouraging impact outcomes, business growth of our direct portfolio companies remained strong, despite COVID-19, at >180% average revenue CAGR since Heritas’ investment, US$500m total follow-on funding raised to date, and ~5x multiple of follow-on funding raised over our initial investment deployed.
We are thankful for the support of our investors and look forward to continue collaborating with more like-minded impact investors, founders and stakeholders to achieve sustainable commercial success as well as impact creation. We hope this report will help spur others onto impact investment journey too! All feedback welcomed!
Download our report here: Heritas Capital Annual Impact Report FY2021