# Citi Impact Fund

Citi Impact Fund is a Corporate Venture Capital based in New York, United States.

## Overview

- **Organization type:** Corporate Venture Capital
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2020
- **Assets under management:** >$200 million committed capital (Altss estimate)
- **Website:** citiimpactfund.com
- **LinkedIn:** https://www.linkedin.com/company/citi-impact-fund

## Regulatory record

- **Reports private funds:** No

## About

Citi Impact Fund is a $200 million fund investing in U.S.-based private sector companies addressing societal challenges. It has made 41 investments, including a Series B investment in Forerunner on February 05, 2026. The fund has one portfolio exit, OhmConnect, which exited on December 14, 2023.

## Sectors

- FinTech
- Digital Health
- ClimateTech
- Enterprise Software
- Education

## People

- Ed Skyler — Head of Enterprise Services & Public Affairs, Citi
- Jane Fraser — CEO, Citi

## Questions

### What distinguishes the Citi Impact Fund from Citi Ventures?

Citi Ventures functions as Citi's traditional corporate venture capital arm, investing for strategic and financial returns in fintech and enterprise technology. The Citi Impact Fund sits separately, with a dual mandate to generate market-rate returns alongside measurable social impact across four specific themes. The two units operate with distinct investment committees and portfolio constructs.

### Which investment themes does the fund target?

The fund targets four themes: workforce development (companies that prepare people for the future of work), financial inclusion (expanding access to affordable financial products), sustainability (climate resilience and the energy transition), and social infrastructure (affordable housing, education access, and healthcare delivery).

### What stage and ticket size does the fund typically pursue?

The fund invests across venture and growth stages, primarily Seed through Series B rounds. Citi has not publicly disclosed a standard ticket size range, but portfolio check sizes observed in public filings suggest a range from $500,000 to several million dollars per company.

### Does the fund participate in follow-on rounds for existing portfolio companies?

Yes. The fund has demonstrated a willingness to support existing portfolio companies with follow-on capital. In March 2024, it participated in Zirtue's Series A extension, confirming a posture of pro-rata or selective follow-on commitment to high-performing companies that continue to align with the fund's impact themes.

### How does the fund measure and report impact performance?

Citi has stated that the fund tracks impact metrics aligned with its four thematic pillars — such as jobs created, households served with affordable financial products, carbon emissions reduced, and affordable housing units financed. However, the fund does not publicly release a standalone annual impact report with granular, company-level metrics, which limits independent verification.

### Is the fund open to co-investing alongside external venture capital firms?

Yes, the fund co-invests alongside external VC and growth equity firms. Its structure as a balance-sheet commitment rather than a third-party fund-of-funds enables it to serve as a flexible co-investor on direct rounds. Portfolio companies have included syndicates led by outside managers, positioning the Citi Impact Fund as a non-competitive capital partner.

## Related profiles

- [Said Differently](https://altss.com/profile/said-differently)

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Last updated: 2026-06-03T20:00:00.000Z

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