The The Conduit EIS Impact Fund invests in a portfolio of companies focusing on social and environmental impact.
£25,000 minimum subscription
Seed to Series A+
The Conduit EIS Impact Fund invests in early and growth-stage businesses focused on social and environmental impact, across areas like climate, education, health, and inclusion, with the benefit of EIS tax relief for UK investors. Conduit Connect serves as the fund’s primary deal flow partner, sourcing and screening companies, and only those that successfully complete Conduit Connect’s impact and due diligence process are considered for investment by the Fund.
Mission: To invest in exceptional, diverse founders to generate both strong investor returns and positive systemic change across the key areas of climate, health, education, and inclusion. The fund aims to create scalable, sustainable solutions that address some of the world’s most pressing social and environmental challenges, aligning investments with the UN Sustainable Development Goals.
Goals:
Values:
The Conduit EIS Impact Fund was founded in 2021 as a collaborative effort between Conduit Connect, Conduit Capital, and Ascension Ventures. The fund was created to address the growing need for growth capital in the impact investment sector, focusing on supporting early and growth-stage businesses that pursue both social and environmental impact alongside financial returns. As the managing partner of Ascension Ventures, Jean de Fougerolles brought extensive experience in EIS investing to the partnership, while Asha Lad, Head of Investment Partnerships at Conduit Capital, and Eva-Maria Dimitriadis, Managing Partner at Conduit Connect, played instrumental roles in launching and shaping the fund’s vision.
Connect on LinkedIn: Asha Lad, Eva-Maria Dimitriadis, Jean de Fougerolles.
The investment focus of The Conduit EIS Impact Fund is on early and growth-stage UK companies delivering measurable social and environmental impact across four primary sectors: Climate, Health, Education, and Inclusion. The fund seeks to invest in scalable, impact-driven ventures from Seed to Series A+, that benefit from EIS tax relief and have social or climate impact embedded at their core business model, as verified through a rigorous impact screening aligned with the UN Sustainable Development Goals. The fund leverages deep connections within the UK impact investing ecosystem to source promising, diverse teams and strives to support companies positioned to address pressing global challenges while generating both financial and purpose-driven returns.
The geographic scope of The Conduit EIS Impact Fund is entirely focused on the United Kingdom, investing exclusively in companies that are UK-based and eligible for EIS (Enterprise Investment Scheme) tax relief. The fund targets early and growth-stage businesses operating across all regions of the UK, rather than just London or specific cities, and aims to support ventures addressing national social and environmental challenges. Its sourcing and selection processes are rooted within the UK impact investment ecosystem, leveraging deep networks of local accelerators, venture partners, and industry experts to identify and back the most promising UK startups.
The Conduit EIS Impact Fund focuses its investments on scalable, impact-driven companies in the following key sectors:
These sectors are selected to align with the fund’s mission of addressing some of the most pressing challenges facing people and the planet, and every company considered must have social or climate impact embedded at the core of its business model. The focus also ensures all investments qualify for EIS tax relief and comply with a rigorous impact screening aligned with the UN Sustainable Development Goals.
The Conduit EIS Impact Fund invests in early and growth-stage impact ventures, specifically targeting Seed to Series A+ companies, with a focus on addressing critical challenges in climate, health, education, and financial inclusion. Each year, the fund selects 8-10 ventures led by exceptional, diverse founders, ensuring both investor returns and measurable positive social and environmental impact. All potential investments must pass a rigorous due diligence and impact screening process, developed in partnership with Deloitte and aligned to the UN Sustainable Development Goals, confirming that social or climate impact is central to each business model. Companies must also be scalable, revenue-generating, and present strong founding teams committed to both profit and purpose. The investment committee is composed of experienced venture investors, operators, and impact experts, and deal flow is sourced primarily through Conduit Connect’s robust impact network and partnerships.
The Conduit EIS Impact Fund assesses potential investments through a rigorous, multi-stage process that prioritizes both strong impact and financial scalability. All companies must pass the Conduit Connect’s impact screening framework, developed with Deloitte and aligned with the UN Sustainable Development Goals, ensuring social or climate impact is central to each business model. Following impact screening, candidates are subject to detailed due diligence, with a preference for EIS-eligible, post-revenue businesses operating in sectors such as Climate, Education, Health and Wellbeing, and Financial Inclusion. Only those that meet these benchmarks proceed to final review by an investment committee comprised of experienced venture professionals and entrepreneurs. This process ensures investments are both impact-driven and scalable.
Untap: Has developed an innovative, hyper-local, and affordable automated sewage surveillance system that enables early detection of illnesses before symptoms emerge. By continuously monitoring wastewater for markers of infection, their solution provides real-time insights into community health, allowing organizations to identify and respond to outbreaks swiftly, often before anyone shows signs of illness. Visit Untap
Matoha: Has developed affordable, portable, and AI-powered devices for rapid textile identification, enabling easy sorting of both natural and synthetic fibers, including blends in seconds. Their FabriTell product uses advanced infrared analysis and machine learning to deliver instant, reliable results without technical expertise, supporting circular economy efforts by making recycling and quality control of textiles more efficient and accurate. Visit Matoha
Concert Bio: Uses advanced DNA sequencing and AI-powered analytics to help hydroponic and soilless growers monitor and optimize their crop microbiomes. Their platform identifies both beneficial and harmful microbes in real time and recommends specific microbial interventions, restoring the natural benefits that soil microbes provide to plant growth, disease resistance, and yield. Growers using Concert Bio’s microbial products and monitoring services have reported significant yield improvements and enhanced resilience in crops, supporting a more sustainable and productive approach to soilless agriculture. Visit Concert Bio
ReBorn: A UK-based sustainable kitchen and homewares brand that transforms 100% recycled local plastic and steel waste into stylish, durable products. Manufactured in Wiltshire, their eco-friendly range supports a circular economy by using industrial waste, reducing carbon emissions by up to 67%, and designing items to be reusable, repairable, and fully recyclable. ReBorn combines modern design with traditional British craftsmanship to offer functional home essentials that minimize environmental impact and support local industries. Visit ReBorn
Zen Educate: Streamlines supply teacher recruitment through an online platform that directly connects schools with vetted teachers and support staff, matching by proximity, skills, and availability for faster, more accurate placements. Schools can instantly search, book, and manage cover at the click of a button, significantly reducing hiring costs compared to traditional agencies while improving fill speed and match quality. The platform also automates compliance and timesheets, making staffing more efficient and supporting better pay and experience for educators. Visit Zen Educate
The Conduit EIS Impact Fund sources its capital from individual retail and professional investors, requiring a minimum subscription of £25,000 per investor, and targets a minimum annual fund size of £2.5 million with quarterly closes. Investors are typically drawn by the combination of potential financial returns, the opportunity to support high-growth impact ventures, and the availability of Enterprise Investment Scheme tax reliefs, such as 30% income tax relief, capital gains deferral, tax-free capital gains, loss relief, and inheritance tax relief. The fund’s investor base includes those aiming to diversify their portfolios with impact investments that address key challenges aligned with the UN Sustainable Development Goals. Conduit Connect also leverages its position within a global impact investing ecosystem, partnering with networks of impact-focused individuals and organisations, including members of The Conduit, to attract mission-aligned funding.
Investment Stage: Seed to Series A+ for early and growth-stage, impact-driven UK businesses, particularly those post-revenue.
Equity: Direct investment in scalable companies qualifying for EIS tax relief, focusing on sectors such as climate, education, health and wellbeing, and inclusion.
Funds & Recent Developments:
The Conduit EIS Impact Fund’s 2024 Impact Report states that in the last year, its portfolio companies avoided or removed over 32,000 tonnes of CO₂ emissions, diverted over 10,000 tonnes of waste from landfill, saved the UK education system £8.5 million, and enabled £42 million in wages. The fund also reports that 42% of its portfolio companies have at least one female founder, 21% have at least one founder from an ethnic minority background, and 33% of investors in the fund are women. Over the reporting period, the fund invested in 24 companies spanning the sectors of Climate, Health, Education, and Inclusion. The fund only invests in businesses that have passed its rigorous impact screening framework, developed with Deloitte and aligned with the UN Sustainable Development Goals, ensuring that social and environmental impact are central to each portfolio company. The annual impact report reflects a commitment to transparent, detailed measurement of a spectrum of outcomes across the entire portfolio.
Investing in the Conduit EIS Impact Fund unlocks more than just financial opportunities, it provides access to a vibrant, mission-driven community. Investors, founders, and portfolio companies benefit from The Conduit’s global network of over 3,000 impact-focused entrepreneurs and investors, allowing for high-value networking and collaborative business opportunities. Beyond capital, members can leverage access to an array of resources including dedicated workspace, business development events, expert mentorship, and sector-specific knowledge-sharing sessions. The Conduit Connect community’s infrastructure is tailored to nurture growth, encourage innovation, and facilitate partnerships, creating a holistic support ecosystem for impact ventures at every stage of their journey.
The team at the Conduit EIS Impact Fund is composed of experienced venture investors, operators, deal flow generators, capital connectors, and impact experts. They leverage the support of dedicated Venture Partners who assist with deal sourcing, due diligence, and portfolio management, in addition to an expert Investment Committee made up of entrepreneurs and professional venture fund managers. The team’s structure ensures robust evaluation of opportunities, combining deep experience in impact investing with expertise in scaling high-growth ventures across climate, health, education, and inclusion sectors. Their process emphasizes rigorous impact screening, developed alongside Deloitte and aligned with the UN Sustainable Development Goals, reinforcing their commitment to both financial returns and measurable positive impact.
Learn more about the team on the Conduit Connect team page.
1. What is The Conduit EIS Impact Fund?
The Conduit EIS Impact Fund is an investment fund focused on early and growth-stage UK businesses that generate measurable social and environmental impact, particularly within the sectors of climate, education, health, and inclusion, with added benefits of EIS tax relief for UK investors.
2. Who can invest in The Conduit EIS Impact Fund, and what is the minimum investment?
Any UK income taxpayer, both retail and professional investors, can invest, provided they subscribe a minimum of £25,000. Investors must hold their shares for at least three years to receive most EIS tax reliefs.
3. What are the fund’s main investment sectors?
The fund invests in scalable, impact-driven businesses across four key sectors: Climate (e.g., smart mobility, sustainable built environment), Health & Wellbeing, Education, and Financial Inclusion & Economic Opportunity.
4. What kind of impact does the fund’s portfolio have?
In the last reporting year, portfolio companies achieved outcomes like over 32,000 tonnes of CO₂ emissions avoided or removed, over 10,000 tonnes of waste diverted from landfill, and significant economic contributions to the UK education sector and workforce. Diversity is also prioritized: 42% of portfolio companies have at least one female founder, and 21% have at least one founder from an ethnic minority background.
5. What additional benefits come with investing in the fund?
Beyond financial returns and tax benefits, investors join a vibrant impact-focused community of over 3,000 entrepreneurs and investors, with opportunities for business development events, mentorship, knowledge-sharing, and networking through The Conduit’s global ecosystem.
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