Impact America Fund, founded and led by Kesha Cash, focuses on tech-enabled businesses built for and by people in marginalized communities, with a thesis that these founders have proprietary insight into billion-dollar markets created by systemic inequities—including "shadow economies" like informal childcare, neighborhood retail, and gig work that traditional VCs rarely study. The fund has been recognized as a "proof point" in philanthropic literature for how early, concessionary capital into emerging, racially focused managers can seed vehicles that later attract conventional VC and institutional LPs, with their $55M second fund helping to normalize Black women GPs managing sizable, market-rate impact funds.
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