10XImpact

10XImpact is a New York-based venture capital firm established in 2019, dedicated to supporting entrepreneurs who are addressing significant social challenges. The firm focuses its investments primarily in the education sector, the future of work, and commercial services, aiming to empower businesses that have the potential to create positive social change. By backing innovative companies, 10XImpact seeks to foster solutions that can improve society and drive sustainable development.

Dan Sommer

Co-Founder and Managing Partner

3 past transactions

Ribbon Education

Seed Round in 2022
Ribbon Education, founded in 2021 in Brooklyn, New York by Joe Burgess and Lisa Jiang, develops a teacher-student relationship management platform aimed at enhancing the educational experience. This platform is designed to help teachers gain insights into their students, improve educational outcomes, and streamline administrative tasks. By focusing on scaling student support for online programs, Ribbon Education enables educational institutions to reduce teacher workloads and enhance student retention. The company addresses the challenges of online education, making it more affordable and effective for adult learners while ultimately striving to improve the overall quality of education.

Verto Education

Seed Round in 2019
Verto Education, Inc. is an innovative higher education institution based in Portland, Oregon, founded in 2017. The company specializes in providing semester travel programs that allow students to earn college credits while studying abroad in locations such as Central America, the South Pacific, and Southeast Asia. These programs cover various subjects, including environmental science, public health, business, and finance. In addition to its international offerings, Verto Education also features on-campus programs in countries like Ireland, England, and New Zealand. By partnering with colleges, the organization facilitates accredited first-year education, helping students graduate in four years while incorporating travel into their educational experience. Verto Education aims to assist students in discovering their purpose and direction, making education more accessible and enriching.

Mentor Collective

Venture Round in 2019
Mentor Collective is a Boston-based company founded in 2013 that specializes in providing platforms for universities to implement and manage mentoring programs. It offers a comprehensive range of services including program design, mentorship operations, a content library, and assessment and analytics to enhance student engagement and success. By connecting students with relevant near-peer mentors, Mentor Collective aims to improve retention rates and overall student experiences. The organization partners with over 120 universities, including notable institutions such as Princeton and UC Davis, to ensure that all students have access to mentorship opportunities. The company has received recognition for its impact in the education sector, including placements in the Inc. 5000 list and accolades from Forbes and BostInno.
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