Traction Capital has invested $500,000 in Impacks, making school supplies convenient and accessible. Impacks provides pre-packed school supply kits, curated to meet the learning needs of students based on their age and grade. The Minneapolis venture capital, Traction, looks forward to helping Impacks expand its customer base and support its community.
Impacks is a tech-powered company that simplifies how parents and educators access critical school supplies for students. Their platform customises the back-to-school experience for parents, educators, and administration by curating teacher-approved school supply kits. Impacks has partnered with over 50 schools across MN and Wisconsin and has sold over 6,000 school supply kits, with over $18,000 in donations for partner schools. Traction and Impacks are eager to continue working together as Impacks prepares for further expansion.
“Brandon and I and our Impacks team are thrilled to join the Traction Capital portfolio. We believe Traction Capital offers a unique perspective and value through the depth of experience represented across its team and investors. We’ve already seen the impact of their process from just one strategy session with the Traction Capital team. We believe in the system and are proud to align with an organisation that leverages tools they use to elevate startups in MN and beyond. One thing that stood out to me in our early conversations with the Traction Capital team is the blend of practicality, strategy, and ambition this organisation applies to mentoring its portfolio of companies. We have big goals for Impacks over the next few years, and we’re grateful to have Traction Capital’s support in those goals,” says Clare Richards, CEO of Impacks.
With solid growth and an impressive team, Traction looks forward to helping Impacks succeed. “Clare and Brandon are quite impressive and a pleasure to work with. They’re thoughtful and on top of things. Always prepared when we meet and well thought out. Impacks will fix a problem that has not yet been addressed, resolving a major piece of the back-to-school headaches parents struggle with. We’re excited to be a part of what they’re doing”, says Brian Cox, President and Integrator of Traction Capital.
Impacks solution system customises the back-to-school experience for parents, educators, and school administrators. It offers one-stop-shop solutions allowing parents to purchase their child’s teacher-approved kit online. The kit will be automatically shipped to the school. During checkout, parents can donate to the school’s fundraiser, and Impacks will match a percentage of each donation.