UK impact investing firm ClearlySo enters administration as role of 'niche' impact investing firms put into question.
ClearlySo was one of the first organisations to receive funding from UK social investment wholesaler Big Society Capital.
Among shareholders listed is Gordon Roddick, co-founder of The Body Shop and The Big Issue.
Founder Rod Schwarz suggested the company's failure was due to impact investing becoming more mainstream.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.