In the evolving landscape of impact investing, the integration of advanced technologies such as artificial intelligence (AI) and blockchain presents both promising opportunities and significant challenges. This article delves into an empirical study conducted with impact investors, specifically fund managers, to explore the practical and ethical implications of these technologies within the context of impact investing. The study aims to provide a detailed analysis of how fund managers perceive and implement AI and blockchain technologies, uncovering the complexities of their adoption and the strategic considerations involved. By focusing on firsthand insights from these key industry players, the research offers a nuanced understanding of the dynamics shaping the future of impact investing and highlights the critical factors influencing technology adoption in this sector.