In brief: M&G-backed VC firm raises $90m for women’s and children’s health

Cross-Border Impact Ventures has closed its first fund with backing from Skoll Foundation, Guy’s & St Thomas’ Foundation and KfW.

Canadian manager Cross-Border Impact Ventures has closed its first fund at $90 million, according to a press release.

CBIV was founded in 2021 by former OMERS portfolio manager Donna Parr and Annie Thériault, formerly CIO at state-backed impact investor Grand Challenges Canada. It invests across four areas: sexual and reproductive health; maternal and child health; general health, including chronic diseases; and health software infrastructure. The firm has made five investments so far.

LPs in the fund include: KfW; M&G Catalyst; Wire Group; Skoll Foundation; Fondation du Grand Montréal, Guy’s & St Thomas’ Foundation; Children’s Investment Fund Foundation; Global Health Investment Corporation; Hamilton Community Foundation; Grand Challenges Canada; J&J Impact Ventures; Rally Total Impact Fund and The RockCreek Group.