Material Impact
SelectiveFiled to raiseBoston, MABiotechnology, Manufacturing, EnergyLast fund filed February 2022
2 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Material Impact Fund III | February 2022 | $325M | $313M | 51 |
| Material Impact Opportunity Fund I | February 2022 | $150M | $76M | 18 |
| Material Impact Fund II | February 2020 | $205M | $205M | 44 |
| Material Impact Fund IFiled to raise in 2016, with no closing reported yet. | 2016 | $100M | $0 | 0 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
2 partners are named across this firm’s filings, 2 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Carmichael Roberts | Selective | Climate & energy, Biotech & pharma, Manufacturing & industrials | 17 |
Classified sectors of Material Impact’s own portfolio companies, based on 18 with a verified or cited source.
| Firm | Shared boards | Companies |
|---|---|---|
| North Bridge Venture Partners | 17 | 1366 TECHNOLOGIES, 480 Biomedical, Arsenal Medical, AUSHON BIOSYSTEMS, Cool Planet Energy Systems, CorePower Magnetics, DataCule, Fleet Robotics, Foundation Alloy Technology Explorations, GALY, Infinite Cooling, MagLev Aero, MC10, Paulie Harraka, Soft Robotics, Stoicheia, ZERO MASS WATER |
| Breakthrough Energy Ventures | 16 | 480 Biomedical, Arsenal Medical, AUSHON BIOSYSTEMS, Cool Planet Energy Systems, CorePower Magnetics, DataCule, Fleet Robotics, Foundation Alloy Technology Explorations, GALY, Infinite Cooling, MagLev Aero, MC10, Paulie Harraka, Soft Robotics, Stoicheia, ZERO MASS WATER |
| Polaris Partners |
| 2 |
| Adam Sharkawy | Quiet | Robotics & hardware, Manufacturing & industrials | 10 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Material Impact’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| 3 |
| 1366 TECHNOLOGIES, 480 Biomedical, Arsenal Medical |
| Project 11 | 2 | CorePower Magnetics, Foundation Alloy Technology Explorations |
| Calibrate Ventures | 1 | Soft Robotics |
| EIP | 1 | 6K |
| Kendall Capital Partners | 1 | Arsenal Medical |
| Osage University Partners | 1 | MC10 |
| OUP | 1 | MC10 |
| Refinery Ventures | 1 | Folio Photonics |
| Scale Venture Partners | 1 | Soft Robotics |
A shared board seat: a company where filings name a Material Impact partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.