Company Profile

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 May 13, 2019
Location
Darien, Connecticut
Year Founded
2018
Data as of Publication on May 13, 2019
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 May 13, 2019
Location
Miami, Florida
Year Founded
2017
Data as of Publication on May 13, 2019
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 May 13, 2019
Location
Boston, Massachusetts
Year Founded
2014
Data as of Publication on May 13, 2019
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.

Rethink Impact

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 May 13, 2019
Location
San Francisco, California
Year Founded
2015
Data as of Publication on May 13, 2019
Company Description

Led by Jenny Abramson and launched in 2017, Rethink Impact is one of the newer funds to invest solely in women. But with $112 million in its coffers, it also may be the largest. (Intel Capital's Diversity Fund also invests in people of color and other underrepresented groups.) The fund's investors include Sheila Johnson, co-founder of Black Entertainment Television, and Sachiko Kuno, who has co-founded two drug companies. Abramson and her colleagues are looking for women-led tech companies that also intend to have a significant and positive social impact. Rethink typically makes an investment at the Series A stage. Its portfolio companies include Seedling, Neurotrack, and Werk.

Salesforce Impact Portfolio

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 May 13, 2019
Location
San Francisco, California
Year Founded
2017
Data as of Publication on May 13, 2019
Company Description

Launched in 2017, Salesforce's Impact Fund is a $50 million project within the company's larger $1 billion venture fund. (That larger fund looks to invest in companies built on the Salesforce platform that can deliver unique capabilities to Salesforce customers.) The Impact effort is led by Suzanne DiBianca, the creator of Pledge 1%, which encourages corporations to donate 1 percent of their time, equity, profits or products to philanthropy. The Impact Fund so far includes 18 companies, 70 percent of which are women- or minority-led. Salesforce typically invests in the A or B stage, and DiBianca says she's actively looking for more companies in the climate and sustainability industries. Investments include continuing education company Guild Education and Angaza, which makes a payments technology for providers of green energy.