Giant Leap has invested in two companies. Before Giant Leap launched, the Impact Investment Group made direct investments in promising startups, and the people who make up the Giant Leap team gained decades of experience investing in early stage businesses.
Giant Leap's Investments
Giant Leap invested in Sendle in August 2016. Sendle is unlocking the power of big business delivery networks for millions of small businesses in Australia. Sendle provides door to- door parcel delivery for less than it costs to line up at the post office. It’s cheaper, more convenient, puts the customer in control, and is Australia’s first 100% carbon neutral delivery service and a certified B Corporation.
Sendle utilises spare capacity in the logistics sector and is Australia’s first 100% carbon neutral parcel delivery service. Each delivery pays a carbon-offset contribution designed to ensure the business has a net positive carbon impact through its operation.
Giant Leap made an investment in YourGrocer in October 2016. YourGrocer is an online platform connecting consumers with local vendors of fresh produce to allow time poor customers to buy local produce delivered to their door and local vendors to increase their sales and customer base in a cost effective manner.
YourGrocer has the potential to impact at a macro, food systems level. Its wider benefit to society – through its role in increasing market share of independent retailers, providing greater diversity of business models in our food systems, and enabling a healthier and more diverse food system – is significant. It also local community by enabling residents to purchase goods from their local grocers and suppliers. Local consumption can result in a 3.7x increase in direct local benefit compared with shopping at the majors.
Giant Leap made an investment in GlamCorner in July 2017, part of the company's Series-A round. GlamCorner is Australia's leading online designer fashion rental business. The company gives its customers an alternative to buying dresses they may use only once before sending to land fill. GlamCorner was founded by Audrey Khaing-Jones and Dean Jones, who have a laser-focus on their customer, which we believe is paying off with impressive traction, strong customer loyalty and highly attractive unit economics.
GlamCorner run their operations for environmental sustainability, and their positive environmental impact grows as their business grows.
GlamCorner’s intention is to create a scalable business for women to access high quality clothing in a sustainable way. By encouraging customers to rent rather than purchase a new outfit, waste from single or limited use purchases will be reduced.
GlamCorner’s archetypal customer would ordinarily purchase a dress from fast fashion outlets rather than a high-end designer. It is also likely that they would only wear their new purchase a few times. GlamCorner has realised that through providing an alternative to fast fashion brands, it can start to shift consumer behaviours away from unsustainable consumption.
Using GlamCorner consumers can buy less and collectively buy better.
SELECTED Impact INvestment GROUP INVESTMENTS
Who Gives A Crap
Who Gives a Crap sells environmentally friendly toilet paper with 50% of the profits going to sanitation projects overseas. Simon Griffiths and his co-founders delivered its first toilet paper rolls in March 2013. Simon believes that by offering ethical alternatives to the way Australians traditionally consume, carry out business and engage in charity and philanthropy, they can be enticed to change their buying habits.
TOM Organic is an Australian, female-owned business. Its range of organic personal care and feminine hygiene products prioritise women's health and the environment. TOM products are available in Coles, Woolworths and independent pharmacies and retailers Australia-wide. One of the key drivers behind Aimee Marks founding TOM Organic in 2009 was to enable women to live healthier, more fulfilled lives.
Car Next Door
Car Next Door is a peer to peer car sharing platform. Car sharing combats over-consumption, unlocks underutilised capacity and reduces carbon emissions. Car Next Door was founded in 2013 by Will Davies and Dave Trumbull.
VENTURE PARTNERS' INVESTMENTS AND LEADERSHIP POSITIONS
Unitus Capital - Best-in-class investment banking services to fuel rapid, sustainable growth for deep social impact.
Uber - An online transportation network company
Yellowfin - Business Intelligence (BI) and analytics software vendor.
Stripe - A suite of APIs that powers commerce for businesses of all sizes.
Duolingo - Online and app-based language learning
AVG - Antivirus and internet security products
WHAT OUR INVESTEES SAY
IIG have been very proactive in making introductions to potential partners. We have been introduced to major corporates who lease buildings from them and we may well move forward with a strong partnership with them down the track. They also have a very strong network of investors who I have received good advice from.
- Will Davies, CEO of Car Next Door
Working with mission-aligned investors is incredibly important to us - we want every partner involved in our business to be working to achieve the same common good we strive for every day. Investment from Impact Investment Group brought a fantastic group of investors to the table, but Impact Investment Group really over-delivered when they introduced us to their network of friendly businesses and investors, many of whom became our customers.
- Simon Griffiths, CEO of Who Gives A Crap