Denver’s CoPeace, a diversified holding company which invests in growing businesses demonstrating positive impact, announced that it has secured $1.6 million in funding through a private capital raise.
The round included more than 48 individuals from within the company’s private network of investors.
As a holding company, CoPeace utilizes investor capital to purchase controlling interest in complementary, purpose-driven holdings through an investment approach that creates a path for nearly anyone to participate in impact investing, including communities often overlooked in traditional investing.
CoPeace uses a Head and Heart and Math formula when vetting potential partners to identify companies with innovative, marketable concepts and a strong leadership team, who are combating world problems with measurable impact and are projected to have positive growth and potential target returns.
The company invests in companies at varying growth stages, from small, pre-revenue businesses to older, more seasoned ones looking for someone they can "trust their baby" with.
“As we continue to grow, we anticipate our portfolio will comprise a diverse array of companies in terms of growth stage, impact themes and company leadership," CEO and Founder Craig Jonas told Colorado Inno.
Currently, CoPeace’s portfolio includes three companies: Advanced Sustainable Technologies, CoFi LLC and Uncharted Power, all of which focus on climate crisis solutions, cleantech innovation and economic equality opportunities. The company said future holdings will fall under the themes of public health, education and financial accessibility.
"We consider investments on a case-by-case basis, so we have a pretty wide range on our investment size to date. Our average investment size lies somewhere between $250,000 to $2 million,” Jonas said.
He added that CoPeace has evaluated over 100 companies to date and has only made three investments. With this round, the company expects to announce three new holdings and aims to have roughly 10 companies in its portfolio by this time next year.
