Hytch, a sustainability-focused ridesharing tracking platform, is the first recipient of the first southeastern-focused impact investing fund. The $1.71 million fund was established last year by public-private entrepreneurial support organization LaunchTN and is funded by business consultancy firm XMI Growth, angel investors and family offices. Hytch, a two-year-old startup based …

ImpactAlpha, August 20 – LaunchTN, an organization that supports Tennessee-based startups, has made its first investment from its $1.7 million seed-stage impact fund, backing a Nashville-based ride sharing app called Hytch. Hytch isn’t the standard ride-sharing app; its rewards-based service aims to incentivize people to make more sustainably-minded travel decisions, …