Investment Memo
Docs + Word8 pages
Free
- Type
- Document
- Price
- Free
- Pages
- 7 · US Letter
- Style
- Friendly
- Difficulty
- Beginner
- Updated
- November 6, 2026
Every page (7)
Overview
An impact investor has to defend two cases at once: that the money earns a return and that the change it funds can be measured. This seven-page memo puts the thesis, impact model, measurement, returns and risks in one document, so a committee can see what must be true and how it will check.
The sample recommends a £500,000 seed cheque for 10% of a heat-pump retrofit company, with a 2.6x base case and a measured saving of 1.6 tonnes of CO2 per home. Replace the company, terms and returns table first, then rewrite the three claims and rank your own risks with a mitigant for each.
Useful for
- An investment committee deciding whether to commit a seed cheque to an impact company
- A syndicate memo that shows members the impact metrics beside the downside and base cases
- A follow-on review that compares pilot results with the targets agreed at the first investment
What's included
- Cover and a first page with deal facts, headline terms and three claims the thesis rests on
- Impact model with a delivery chart, a value split and the drivers of impact
- A measurement scorecard with pilot results against targets and a status for each
- Financials with a revenue trend, use of funds and a returns table from downside to stretch
- A risk register with mitigants and owners, and a guide page for replacing the sample
How to use it
- 1
Click Make a copy in Google Docs, then confirm on the Google page. The copy is saved to your own Google Drive.
- 2
Enter the company, round, cheque size and your recommendation on the first page, then rewrite the three claims with the evidence behind each.
- 3
Replace the impact chart and scorecard with your own metrics, targets and measurement method.
- 4
Update the returns table with your entry valuation, dilution and exit range, then rank your own risks with a mitigant for each.
- 5
Delete the guide page, then share the memo with your committee or syndicate.
What you need
Requirements
- A Google account with access to Google Drive
Works with
- Google Docs
- Microsoft Word (download the .docx)
Questions
Does this memo recommend an investment?
It shows the structure of a recommendation, with a sample cheque, terms and returns case. It is not investment advice; replace every figure with your own diligence.
Are the company and figures real?
No. Willowmere Capital, Hearthwell Retrofit, the people and every pound figure are fictional and only show what a finished memo looks like. Replace them with your own.
Can I use it for a non-impact deal?
Yes. Delete the impact model and measurement pages, or turn them into market and traction pages, and keep the thesis, returns and risk pages unchanged.
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- #impact-investing
- #seed-investment
- #investment-committee
- #returns-case
- #google-docs
- #risk-register
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