Natalia Rigol

Feb 5, 2025 | hbs.edu | Ray Kluender |Natalia Rigol |Benjamin Roth |Nicole 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 Labs and NerdWallet.

Nov 22, 2023 | nber.org | Shawn Cole |Josh Lerner |Natalia Rigol |Leslie Jeng

All authors are affiliated with the Harvard University. Cole, Lerner, and Rigol are affiliates of the National Bureau of Economic Research. We thank the Division of Research and Faculty Development and the Project on Impact Investing at Harvard Business School for financial support.