London-based Eka Ventures has closed its second fund at $107 million (£80 million), bringing its total assets under management to $200 million and making it the UK's largest early-stage impact VC investing across health, wellbeing, and sustainability. The fund will back up to 30 pre-seed and seed-stage companies in the UK, with an average first cheque of roughly $2 million and reserves set aside for follow-on investments. The firm's investment thesis remains unchanged: consumer technology companies at the intersection of preventative healthcare, sustainable consumption, and widening access to essential services such as housing, insurance, and education. Investors include the British Business Bank, Guy’s & St Thomas’ Foundation, The Health Foundation, WRAP, Esmée Fairbairn Foundation, John Ellerman Foundation, and Vivensa Foundation. Eka's portfolio includes Runna, Axle, Hived, Foresight Data Machines, Jude, and Flok Health. The company's AI-backed sourcing platform has been responsible for 47% of Fund I investments since 2021.