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H&M Foundation is a non-profit foundation established in 2013. It is privately funded by the Stefan Persson family, the founders and major shareholders of the H&M Group, who have donated SEK 1.5 billion to it to date. The foundation aims to help accelerate progress towards the UN Sustainable Development Goals 2030, by developing, funding and sharing solutions to address the world’s most urgent issues. It has a particular focus on promoting a planet-positive fashion industry and on building inclusive societies.Tackling mostly challenges associated with the fast fashion industry and its supply chain, H&M Foundation advocates for more sustainable practices across the fashion value chain and more inclusive business practices. The foundation is also actively involved in providing emergency relief for natural disasters or pandemics. It also aims to encourage innovation that promotes social change and sustainability. To this end, it provides startups support in accelerating and scale new technologies. It also runs the Global Change Award. Dubbed the Nobel Prize of fashion, this aims to recognise disruptive innovations that have the potential to make fashion more sustainable, and transform the way garments are designed, produced, shipped, bought, used and recycled. 

Founded in 2011 in Leipzig, Monkfish Equity offers a hands-off investment approach, providing funding of €0.5m–€2m to enterprises across market segments in Germany, other European countries and the US.The firm is run by the co-founders of travel and hotel platform Trivago. Monkfish’s portfolio of 12 companies mainly comprises businesses in the B2C markets. Investments include the $54m Series B round of Austrian marketplace Refurbed in August 2021 and the €8m Series A round of Inne, a German fertility-tracking platform in October 2019.

Based in Beijing, Xianghe Capital was founded in 2016. It runs a USD fund and an RMB fund. The founders of Xianghe Capital formerly led Baidu’s investment department. Xianghe Capital invests in the following areas: artificial intelligence, internet and traditional industries (e.g., online education, logistics, finance, medical care), B2B, culture, entertainment and enterprise services.  

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