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10XImpact operates as an investment firm, providing capital, operational expertise, and a robust network to companies. It focuses its efforts on enterprises scaling within the education technology sector and the broader future of learning and earning, emphasizing strategic support for its portfolio. The firm identifies and collaborates with ventures that are developing solutions to societal challenges in these critical areas.
The firm was founded in 2019 by Dan Sommer, an entrepreneur with a notable background in EdTech. Sommer’s insight was to create an investment vehicle that not only funds promising ventures but also actively contributes to their growth through hands-on operational guidance and strategic connections. This approach aims to accelerate the impact of companies focused on improving learning and earning opportunities.
10XImpact primarily supports entrepreneurs and companies operating in the B2B, B2C, and education technology sectors. Its long-term vision centers on cultivating a portfolio of businesses that are fundamentally reshaping the landscape of education and future employment. The firm seeks to be a catalyst for innovation, driving forward solutions that address evolving human capital needs.
10x Impact has 2 tracked investments across 2 companies. The latest tracked deal is $6.0M Seed in Verto Education in November 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2019 | Verto Education | $6.0M Seed | — | BoxGroup, Founder Collective, Initialized Capital, Inspired Capital, Slow Ventures, The General Partnership, Adrian Aoun, Halle Tecco, Heather Fernandez, First Round Capital, GSV Ventures |
| Sep 6, 2019 | Mentor Collective | $3.0M Seed | Lumina Foundation | EduLab Capital Partners, Emerge, IU Ventures, Strada Education Network |