Harvard Business School » Social Enterprise

Social Enterprise Initiative

We educate, support, and inspire leaders across all sectors to tackle society's toughest challenges and make a difference in the world.

Faculty & Research

Engage with faculty creating groundbreaking research that links theory and practice to shape the future of social enterprise.

Core Innovation Capital: Investing in Fintech for Good (B)

December 2024 By: Ray Kluender, Natalia Rigol, Benjamin Roth and Nicole Tempest Keller In 2017, Core Innovation Capital invested $725,000 in Hugo Insurance, a pay-as-you-drive auto insurance startup targeting the non-standard market. Core followed with $300,000 in 2019 during a Seed II round. By 2022, Hugo founder, David Bergendahl, sought $10 million in Series A funding at a $30 million valuation, inviting Core to lead with a $5 million investment. Despite early promise, Hugo fa...

Core Innovation Capital: Investing in Fintech for Good

December 2024 By: Ray Kluender, Natalia Rigol, Benjamin Roth and Nicole Tempest Keller In 2017, Arjan Schütte, founder of Core Innovation Capital, faced a decision on whether to invest in Hugo Insurance, an auto insurance startup. Core, an early-stage social impact VC firm, focused on “fintech for good,” by investing in financial services for low- to middle-income consumers. Since 2010, Core had raised $120 million across two funds and backed nearly 50 companies, including Ripple...
2025
Mar

20 Mar-28 Mar

Executive Education: Driving Nonprofit Performance and Innovation–Virtual

For nonprofit leaders, this live, online Executive Education program explores how to align mission and strategy through performance measurement.

2025
Jul

27 Jul-02 Aug

Executive Education: Strategic Perspectives in Nonprofit Management

This week-long on-campus program for nonprofit leaders explores how to create social sector organizations that can thrive in the midst of change.