ImpactableX

Based in Philadelphia, ImpactableX operates as a data and analytics software-as-a-service (SaaS) company, targeting the impact economy. The firm was founded in 2019 by Catherine Griffin, who currently serves as the CEO. Griffin's background includes serving as the managing director for the accelerator GoodCompany Ventures, where she worked with early-stage social entrepreneurs. This experience revealed a critical need for early-stage companies to quantify their social and environmental impact, which directly led to the creation of ImpactableX. The company's methodology originated from initiatives with partners like Bloomberg Philanthropies and the Obama Administration’s Climate Data Initiative.

ImpactableX provides a platform for purpose-driven companies, investors, accelerators, and grantmakers. Its business model centers on selling its software to these entities. Companies use the platform's analytics to support sales, client relations, and fundraising efforts, while funders use it to screen potential investments and track the impact of their portfolio companies. The platform serves as a centralized source of impact intelligence, aiming to standardize impact analysis and direct capital toward effective solutions. The company has received backing from investors including Techstars, Ben Franklin Technology Partners of Southeastern Pennsylvania, Expert DOJO, and Juno Capital.

The core offering is an AI-powered platform, Impactable iX, that enables users to measure, manage, and forecast their social and environmental return on investment. Users input data points, and the platform's algorithm quantifies the social and environmental outcomes, assigning a financial value and an impact rating. Key features include the ability to select industry-specific metrics, connect via API for real-time data tracking, predict long-term potential, and generate reports for stakeholders. The platform allows for the creation of data-driven models that project impact alongside financial forecasts, calculating metrics like an "impact multiple of revenue." This provides a standardized way to compare performance across different companies, which has helped clients raise significant capital.

Keywords: impact measurement, social impact analytics, environmental impact data, SaaS, impact investing, ESG data, purpose-driven business, impact forecasting, social return on investment (SROI), portfolio management, impact reporting, sustainable finance, venture capital, data analytics, predictive analytics, impact economy, Catherine Griffin, Techstars, impact intelligence, sustainable innovation, impact metrics