Halcyon takes no equity from our fellows – that’s been true since we started the Halcyon Incubator in 2014, and it’s still true today. But when we talked to our fellows, and conducted our own research around the social enterprise ecosystem, we learned that access to capital was one of the biggest challenges to scaling their ventures.

That’s why we expanded our social enterprise work to include impact investing. These vehicles are based on the fundamental idea that over time, impact-driven businesses will outperform conventional businesses. In 2020 the Business Roundtable shared that in its eyes, a business is no longer just accountable to its shareholders but to society more broadly. While traditional businesses catch up to that idea, it’s something the ventures we invest in have had in their DNA since day one.

Halcyon Fund

The Halcyon Incubator sources, vets, and trains early-stage social enterprises from around the world. Thousands apply, but only about 25 are chosen each year. The Halcyon Fund goes a level deeper, vetting ventures who are seeking funding, and investing in those with the greatest ability to scale and drive impact.


Halcyon Angels

Launched in 2019, the Halcyon Angels are an active group of angel investors gathering quarterly to hear pitches from a curated group of promising impact-driven businesses, The ventures this group invests in include Halcyon Fellows, but are not limited to participants in Halcyon’s programs.


Experienced impact investor? Looking to learn about impact investing?

Halcyon’s investment groups bring together investors from a wide range of backgrounds. We’d love for you to be a part of helping sustain and scale impact-driven businesses. If you’re interested in learning more about these programs, contact