The social impact sector includes a wide range of companies from around the world. These startups are tackling issues in areas like finance, retail, and healthcare.

For example, Boll & Branch has raised $111.5M for its luxury bedding e-commerce, while Zanifu provides inventory financing to small businesses in Kenya.

Below is our list of 23 Social Impact startups worth keeping an eye on.

Failory's Top 10 Picks

Boll & Branch designs and sells luxury bedding and home goods crafted from ethically sourced, 100% organic materials. The direct-to-consumer brand is recognized for bringing greater transparency and sustainability to the textile industry.

HeadquartersSummit, New Jersey, United States
Year Founded2014
FoundersMissy Tannen, Scott Tannen
Funding Amount$111.5M
Startup SizeMid-Size Team (51-250)
Last Funding StatusPrivate Equity
Top InvestorsL Catterton, Silas Capital, Hammerstone

FreeWill offers free online tools to help people create legal wills and plan their estates, often with a focus on charitable giving. Their platform simplifies the process for individuals and provides a way for nonprofits to receive significant donations through bequests.

HeadquartersNew York, United States, United States
Year Founded2016
FoundersJennifer Xia, Patrick Schmitt
Funding Amount$30M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsPear VC, QED Investors, ICONIQ Growth, Ulu Ventures, Highland Capital Partners

Beem created a personal finance app that uses AI to help people make their lives more affordable. The app specializes in identifying cost reductions on recurring bills such as auto, health, and life insurance.

HeadquartersSan Francisco, California, United States
Year Founded2020
FoundersAkshay Krishnaiah
Funding Amount$27.2M
Startup SizeMid-Size Team (51-250)
Last Funding StatusDebt Financing
Top InvestorsGoodwater Capital, Techstars, SustainVC, The Josephine Collective, John Kim

Zanifu offers inventory financing to small and medium-sized businesses through its financial technology platform. This service provides retailers with the necessary capital to purchase stock and scale their operations.

HeadquartersNairobi, Nairobi Area, Kenya
Year Founded2018
FoundersSebastian Kilimo, Steve Biko
Funding Amount$32.7M
Startup SizeLean Team (11-50)
Last Funding StatusVenture Round
Top InvestorsGoogle for Startups, Launch Africa, 54 Collective, Saviu Ventures, Beyond Capital Ventures

ATEC develops clean cooking solutions for households that traditionally rely on wood fires. They finance the distribution of their IoT-enabled stoves by selling the high-quality carbon credits generated from their use.

HeadquartersCastlemaine, Victoria, Australia
Year Founded2016
FoundersBen Jeffreys
Funding Amount$19.3M
Startup SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsLightrock, Schneider Electric, Third Derivative, TRIREC, DRW

Travaras created a regenerative travel marketplace for booking hotels, tours, and retreats that make a positive impact. The platform vets its partners on their commitment to sustainability and contributes a portion of each booking to local community projects.

HeadquartersSan Jose, California, United States
Year Founded2023
FoundersJennifer Loh, Lisa Hennessy, Sergey Tiraspolsky
Funding Amount$1.5M
Startup SizeFounding Team (1-10)
Last Funding StatusPre-Seed
Top InvestorsTechstars

Greenway developed a payment card for companies to offer their employees for responsible spending. This fintech tool simplifies how businesses manage benefits for sustainable mobility, meals, and teleworking while tracking their environmental impact.

HeadquartersParis, Ile-de-France, France
Year Founded2023
FoundersAlexandre Smadja, Guillaume Wilfrid
Funding Amount$32M
Startup SizeLean Team (11-50)
Last Funding StatusDebt Financing
Top InvestorsPhilippe Englebert, Etienne Portais, Mohamed Aouar, Socadif

Fundraise Up provides an AI-powered donation platform that helps nonprofits increase their online revenue. Their technology uses machine learning to create a personalized giving experience, which improves donor engagement and conversion rates.

HeadquartersNew York, United States, United States
Year Founded2017
FoundersAnton Isaykin, Peter Byrnes, Yuriy Smirnov
Funding Amount$82.1M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsSummit Partners, Telescope Partners, Begin Capital, Splash Capital

Infinite Giving provides a modern endowment platform for nonprofit organizations. Their tools simplify accepting stock and crypto donations and automate investments to grow the nonprofit's funds.

HeadquartersGeorgia, United States, United States
Year Founded2021
FoundersConnor Ford, Karen Houghton, Seth Radman
Funding Amount$3.9M
Startup SizeFounding Team (1-10)
Last Funding StatusSeed
Top InvestorsMorgan Stanley, Atlanta Ventures, Cubit Capital, Inclusive Ventures Lab

Skleo Health develops a digital platform to make healthcare services more accessible for everyone, regardless of their location. Their solutions connect patients with medical resources and professionals, aiming to break down traditional barriers to receiving care.

HeadquartersDüsseldorf, Nordrhein-Westfalen, Germany
Year Founded2024
Founders
Funding Amount€3.1M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsAntler, Sanoptis

13 Additional Social Impact Startups Worth Following

Our top ten picks offer a glimpse into a much larger movement. Many more companies are using AI, enterprise software, and new data tools to drive change.

They range from brand new ventures to more established businesses raising millions. Here are the other social impact startups that have caught our attention.

StartupMain IndustryYear FoundedAmount RaisedLast Funding Round
Viora - visible through confidence logo Viora - visible through confidenceEducation2021€1.1MSeed
Colektia logo ColektiaAI2018$14.1MSeries B
Swoovy logo SwoovyEnterprise2018$1.7MPre-Seed
Alison logo AlisonEducation2007€7MDebt Financing
Winningtemp logo WinningtempEnterprise2014€21.8MSeries B
Empower.eco logo Empower.ecoData2018NOK21.8MUndisclosed
Outfino logo OutfinoAI2025HUF73MPre-Seed
Open Bionics logo Open BionicsManufacturing2014$15.7MDebt Financing
leonardo. impact logo leonardo. impactData2023€1.6MPre-Seed
Orgmatch logo OrgmatchEnterprise2021$86.3kPre-Seed
TECO Mobility logo TECO MobilityMobility2022$690kSeries A
Bonapp.eco logo Bonapp.ecoMedia2021€1.4MPre-Seed
payactive logo payactiveFintech2020€625kPre-Seed