Company Profile

Portfolia

Company Information

How the 2019 The Fundery Companies Were Selected

The Fundery includes venture capital funds that take equity stakes in women entrepreneurs or women-led companies as the execution of all or part of their investment theses. It does not include angel networks (unless they also run a venture capital fund) nor does it include special purpose vehicles.

Data as of Publication on Aug. 11, 2020
Location
Menlo Park, California
Year Founded
2012
Data as of Publication on Aug. 11, 2020
Company Description

By using a unique capital structure for her funds--each one has a maximum of 249 investors and $10 million to invest--Portfolia founder Trish Costello is focusing on turning more high-net-worth women into seed investors. So far, Portfolia has funds in categories such as active aging and femtech, with a total of $6 million under management. Investments include Joylux, UnaliWear, and RenovoRx.

Precursor Ventures

Company Information

How the 2019 The Fundery Companies Were Selected

The Fundery includes venture capital funds that take equity stakes in women entrepreneurs or women-led companies as the execution of all or part of their investment theses. It does not include angel networks (unless they also run a venture capital fund) nor does it include special purpose vehicles.

Data as of Publication on Aug. 11, 2020
Location
San Francisco, California
Year Founded
2015
Data as of Publication on Aug. 11, 2020
Company Description

Charles Hudson decided to start Precursor Ventures when he realized that the classic seed and micro VC funds were getting too big to make smaller, early-stage investments. Precursor's goal for its first fund was to make 18 to 20 investments a year, at about $150,000 to $250,000 each. Hudson, formerly a partner at SoftTech VC, made 50 investments over the two years it took him to raise the money for Precursor. In general, Hudson says, about 10 percent of the fund is invested in hardware companies; 45 percent is in consumer companies; and 45 percent is in B2B. When it comes to founder diversity, he's aiming to have about 25 percent of the fund in women-led businesses, and a similar amount in both African-American and Latinx founders. Precursor often handles follow-on investments by filling them through Hudson's AngelList syndicate. Precursor's portfolio companies include subscription-based community Chairman Mom, email productivity company Superhuman, and employee engagement tool Butterfly.ai. In 2019, Precursor announced the formation of its second fund, which raised about $31 million--about twice the size of its first.

Realist Ventures

Company Information

How the 2019 The Fundery Companies Were Selected

The Fundery includes venture capital funds that take equity stakes in women entrepreneurs or women-led companies as the execution of all or part of their investment theses. It does not include angel networks (unless they also run a venture capital fund) nor does it include special purpose vehicles.

Data as of Publication on Aug. 11, 2020
Location
Darien, Connecticut
Year Founded
2018
Data as of Publication on Aug. 11, 2020
Company Description

As an independent software developer, Marie Rocha had plenty of women entrepreneurs as her clients. She'd help their businesses grow, but at some point, many of them would hit a wall. When she'd follow up and ask what happened, the women would often say they couldn't get the funding they needed. 

"Then I met a guy who raised $2 million for a toilet that lights up," says Rocha. She'd started doing some angel investing, but the $2 million for the light-up toilet pushed her over the edge. "That guy had a network that believed in him, he was very well connected, and people wanted to align with him," she says. Meanwhile, "Women had really great ideas and weren't getting money."

In 2018, Rocha and Patricia Barakett, an entrepreneur in the construction industry, raised $5 million to launch Darien, Conn.-based Realist Ventures, which invests in under-represented founders. Rocha, who is black, takes a wide view of under-represented, for now interpreting it to mean women, people of color, and LGBTQ founders. Realist doesn't turn down meetings with white men, though. Instead, they use themeeting as an opportunity to force a conversation. They met recently with an all-white, all-male team raising money for a direct-to-consumer company, and persuaded them that their chances of success would be much higher if they got a woman in a significant role on their management team. The startup added a woman in a leadership role, and Realist invested.

Realist is willing to invest at a very early stage, sometimes for as little as $25,000. But the fund is big enough that it can make subsequent investments if a company hits its milestones. Most of Realist's checks range from $50,000 to $500,000, with a preference for technology and biotech companies. "We look for companies that are solving problems that can, in the end, benefit either the planet, healthcare, or sustainability," says Rocha. "Those are things we are always thinking about."

So far Realist's investments include Shipsi, a last-leg delivery company; Relovv, a sustainability company, and Bandwagon, which uses blockchain for ticketing.

Reign Ventures

Company Information

How the 2019 The Fundery Companies Were Selected

The Fundery includes venture capital funds that take equity stakes in women entrepreneurs or women-led companies as the execution of all or part of their investment theses. It does not include angel networks (unless they also run a venture capital fund) nor does it include special purpose vehicles.

Data as of Publication on Aug. 11, 2020
Location
Miami, Florida
Year Founded
2017
Data as of Publication on Aug. 11, 2020
Company Description

Founded by Monique Idlett-Mosley and Erica Duignan, Reign Ventures is committed to building a fund at least 50 percent of whose entrepreneurs are women or people of color. The two met in business school, and have wildly different backgrounds. Idlett-Mosley spent her career in music and marketing, running her own high-profile consultancy and managing artists such as Nelly Furtado and One Republic. Duignan is a former investment banker who went on to become managing director of DreamIt Ventures, an accelerator for digital health and urban tech companies. Now based in Miami and New York City, Reign manages a $25 million fund that invests in early-stage companies. Their portfolio includes companies such as Lisnr, maker of a new low-power data transmission technology, and Snowball, an online platform for personal finance.

Reinventure Capital

Company Information

How the 2019 The Fundery Companies Were Selected

The Fundery includes venture capital funds that take equity stakes in women entrepreneurs or women-led companies as the execution of all or part of their investment theses. It does not include angel networks (unless they also run a venture capital fund) nor does it include special purpose vehicles.

Data as of Publication on Aug. 11, 2020
Location
Boston, Massachusetts
Year Founded
2014
Data as of Publication on Aug. 11, 2020
Company Description

Boston and San Francisco-based Reinventure Capital seeks underrepresented founders -- according to gender or race -- with businesses that address challenging social and environmental issues at scale. Those social and economic inequities can be in finance, health and wellness, energy and contamination, or other areas. The $50 million fund, launched in 2014, is looking for growth-stage companies.