9 Top Social Impact Startups Impacting The Industry [2023]

Have you ever wondered who is on the list of Social Impact Companies with the highest growth rates?

You’re not alone.

There are hundreds of Social Impact Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 9 fast-growing Social Impact Startups that have top-tier venture capital funding.

What are Social Impact Startups?

Social impact startups are businesses that are established with the purpose of making a positive social impact in some way. They are typically founded and run by entrepreneurs who seek to create an economic benefit while solving social problems. 

Examples of social impact startups include companies that focus on renewable energy, water conservation, healthcare, education, sustainable agriculture and food production, poverty alleviation, and more.

Top 9 Fastest-Growing Startups In Social Impact

1) Goodr

Goodr is a long-term surplus food management platform that uses technology to alleviate hunger and prevent food waste.

Details of the startup:

• Country: United States
• City: Atlanta
• Started in: 2017
• Founders: Jasmine Crowe
• Number of employees: 1-10
• Funding amount: $2,850,000
• Number of funding rounds: 6
• Number of investors: 16

You can find their website here.

2) Persefoni

Persefoni creates an artificial intelligence platform that allows businesses to plan, monitor, evaluate, minimize, and report their carbon footprint.

Details of the startup:

• Country: United States
• City: Tempe
• Started in: 2020
• Founders: Jason Offerman, Kentaro Kawamori, Kim Stroh
• Number of employees: 11-50
• Funding amount: $13,200,000
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.

3) Aspiration

Aspiration provides retail banking and investing services that let clients to spend and save money in environmentally friendly ways.

Details of the startup:

• Country: United States
• City: Marina Del Rey
• Started in: 2013
• Founders: Andrei Cherny, Joseph N. Sanberg
• Number of employees: 101-250
• Funding amount: $250,000,000
• Number of funding rounds: 6
• Number of investors: 42

You can find their website here.

4) Winningtemp

Winningtemp is a ground-breaking employee experience solution that aims to make workplaces happier and more productive.

Details of the startup:

• Country: Sweden
• City: Gothenburg
• Started in: 2014
• Founders: Mathias Hansson Fredlund, Pierre Lindmark
• Number of employees: 51-100
• Funding amount: $21,776,623
• Number of funding rounds: 5
• Number of investors: 7

You can find their website here.

5) Chezuba

Chezuba is a web-based platform that connects qualified workers with non-profits all over the world.

Details of the startup:

• Country: India
• City: Hyderabad
• Started in: 2017
• Founders: Adela Strakova, Jagan Kothacharla, Sukhendra Reddy Rompally
• Number of employees: 11-50
• Funding amount: $253,677
• Number of funding rounds: 7

You can find their website here.

6) abillion

We’re a global community dedicated to making social impact and long-term sustainability a way of life for everyone.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2017
• Founders: Vikas Garg
• Number of employees: 11-50
• Funding amount: $6,450,000
• Number of funding rounds: 4
• Number of investors: 11

You can find their website here.

7) Treedom

Treedom is the only website that allows individuals and businesses to plant trees and track their progress online, thereby supporting local farmers all over the world.

Details of the startup:

• Country: Italy
• City: Florence
• Started in: 2010
• Founders: Federico Garcea, Lorenzo Martelletti, Tommaso Speroni
• Number of employees: 51-100
• Funding amount: $6,652,182
• Number of funding rounds: 5
• Number of investors: 6

You can find their website here.

8) TNG FinTech Group

TNG Fintech Group is an investment holding firm focused on impact investing in financial and digital inclusion companies.

Details of the startup:

• Country: Hong Kong
• City: North Point
• Started in: 2014
• Founders: Alex Kong, Takis Wong
• Number of employees: 251-500
• Funding amount: $204,250,000
• Number of funding rounds: 5
• Number of investors: 9

You can find their website here.

9) Empower

Empower uses blockchain technology to digitize waste streams and make them accessible to purchasers and auditors.

Details of the startup:

• Country: Norway
• City: Oslo
• Started in: 2018
• Founders: Carl Nesset, Gjermund Bjaanes, Wilhelm Myrer
• Number of employees: 11-50
• Funding amount: $2,094,097
• Number of funding rounds: 17
• Number of investors: 1

You can find their website here.

FAQs

Is Social Impact Business Profitable?

Yes, social impact businesses can be profitable. In fact, many of them are. The key to success lies in understanding the unique needs of the customers and developing the right strategies that meet those needs. 

By focusing on the social impact of their business model, social entrepreneurs can create a competitive advantage and generate long-term financial sustainability.

What Is The Average Investment In Social Impact?

The average investment in social impact startups is difficult to quantify, as it depends on a variety of factors, including the size and scope of the social impact project, the amount of capital available, and the stage of the venture. 

Generally speaking, investments in social impact startups can range anywhere from a few thousand dollars to millions of dollars.