The Mom Project is Honored to be Named to Fortune Magazine's List of Impact 20
The Mom Project, a platform designed to help businesses locate and retain talented working moms, is honored to be named to this year’s Fortune Magazine Impact 20 list. The list recognizes companies making measurable progress addressing social and environmental issues as part of their core business strategy.
For seven years, Fortune’s Change the World list has spotlighted companies that use the profit motive to tackle the world’s thorniest problems. Most of the companies on that annual list are relatively large, with the scale to enable their enlightened ideas to do a lot of good for a lot of people.
A Big Honor for Companies Making Big Impact
The Impact 20, in contrast, is dedicated to the belief that you don’t have to be a business behemoth to succeed with a world-changing innovation. This list, now in its second year and powered by TPG’s The Rise Fund, showcases venture- and private-equity-backed startups. These companies may be earlier in their life cycles, but they’re already deploying the creative tools of capitalism with an outsize positive impact—making people’s lives better even as they iron out the kinks in new ideas.
In compiling the Impact 20, Fortune focused on companies that have matured to the point where they have customers and revenue. Some are “unicorns” with multibillion-dollar valuations and hundreds of employees (like “green” EV battery-maker Northvolt); others are smaller outfits whose business models have a local focus, but whose ideas have global potential (like vertical farmer Fifth Season, or e-commerce platform Nearby). And many are mobilizing to combat the challenges and inequities that have been exposed and aggravated by COVID-19.
Impact 20 Selection Criteria
What all the companies we were named amongst share is a commitment to doing good while doing well. Regardless of whether any ever grow to Fortune 500 size, they’re role models for the fusion of profit and purpose in business.
Companies that are featured on the list were evaluated based on four criteria:
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Their potential impact in remediating a problem or unmet need
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The viability of their business model to be successful on a continuing operating basis
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How innovative the company’s approach is and to what degree it is a leader in its category
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The company’s track record of addressing the social or environmental concerns on which it is focused.
The Mom Project’s selection for Fortune Magazine’s Impact 20 comes on the heels of the company’s recent announcement that it raised $80M in Series C funding to further unlock $1 Billion in economic opportunity for moms.
We believe that when moms succeed, so do their families, so do our communities, so do businesses, and so does the economy.
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