# Material Impact Fund Material Impact Fund is a Private Equity based in Boston, United States. ## Overview - **Organization type:** Private Equity - **Headquarters:** Boston, United States - **Region:** North America - **Address:** Boston, MA, United States - **Founded:** 2015 - **Assets under management:** $700M+ (per Material Impact, year not specified on firm website) - **Website:** www.materialimpact.com - **LinkedIn:** https://www.linkedin.com/company/material-impact ## Regulatory record - **Reports private funds:** No ## About Material Impact is a champion of the bravest ideas for the future, building companies from the ground up that turn material science and deep tech innovation into products that solve enduring, large-scale, real-world problems. ## Sectors - Deep Tech - Advanced Materials - ClimateTech - Industrial Tech ## People - Carmichael Roberts — Co-Founder & Managing Partner ## Questions ### Who runs investment decisions at Material Impact? Investment decisions are led by Co-Founder and Managing Partner Carmichael Roberts, a Ph.D. polymer chemist who previously built and exited materials companies. The partnership operates with a flat structure where Roberts and the senior investment team — supported by strategic and entrepreneurial advisors — jointly diligence and underwrite every new company. The advisory network is formalized and specifically recruited for domain expertise in manufacturing scale-up, regulatory affairs, and materials supply chains. ### How does Material Impact source proprietary deal flow? Material Impact sources predominantly through deep relationships with research universities — such as MIT, Harvard, and Stanford — and national laboratories where material-science IP originates. The firm also cultivates a network of corporate R&D executives and serial founders who surface pre-commercial inventions before they reach formal fundraising processes. This origination model is designed to secure access to technologies that never come to traditional auction. ### Is Material Impact structured more like a venture firm or a project-finance investor for deep tech? Material Impact operates as a hybrid venture firm with a company-creation function. It makes traditional equity investments but also plays an active role in recruiting management, forging industrial partnerships, and navigating regulatory pathways — activities more typical of a holding company or a specialized project-finance sponsor. This operational intensity sets it apart from passive early-stage check writers. ### Does Material Impact participate in fund commitments or only direct deals? Material Impact deploys exclusively through direct equity and co-investment in individual companies. It does not operate as a fund-of-funds and does not allocate capital to external managers. The firm's first-check mandate means it is often the sole institutional investor at formation, though it will syndicate subsequent rounds with other venture firms when industrial or strategic investors are needed. ### What investment stages does Material Impact typically target? Material Impact targets inception and seed-stage companies — what the firm calls 'first money in for first-of-their-kind innovations.' It occasionally participates in Series A rounds for existing portfolio companies but does not pursue growth-stage or late-stage venture deals. The strategy requires the firm to underwrite technical risk at a point when most financial investors will not engage. ### How is Material Impact's B Corp status connected to its investment operations? Material Impact is a certified B Corporation with a B Impact score of 107.7, which legally embeds its dual purpose — generating returns while addressing urgent environmental and human needs — into its fiduciary responsibilities. This certification is not a marketing overlay; it subjects the firm to ongoing third-party audits of its portfolio's social and environmental performance and is disclosed to limited partners during fundraising. ## Related profiles - [Material](https://altss.com/profile/material) - [Material Ventures](https://altss.com/profile/material-ventures) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/material-impact-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology