Company Profile

No.49

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
3-Year Growth
0%
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.

No.50

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
3-Year Growth
0%
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.

No.51

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 Aug. 11, 2020
3-Year Growth
0%
Location
San Francisco, California
Year Founded
2015
Data as of Publication on Aug. 11, 2020
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.

No.52

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 Aug. 11, 2020
3-Year Growth
0%
Location
San Francisco, California
Year Founded
2017
Data as of Publication on Aug. 11, 2020
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.

No.53

SAP.iO No Boundaries

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
3-Year Growth
0%
Location
San Francisco, California
Year Founded
2018
Data as of Publication on Aug. 11, 2020
Company Description

SAP.iO is a $35 million fund that focuses on early-stage enterprise software startups. It's put about $4 million to work so far, in companies such as Plum, which integrates artificial intelligence into HR and recruiting processes, and medical records company Medal. In 2019, under an initiative called SAP.iO No Boundaries, the fund announced that it would direct at least 40 percent of its investments to women and underrepresented minorities. As a global company, SAP says its definition of underrepresented will vary by region. In Silicon Valley, says SAP chief strategy officer Deepak Krishnamurthy, men from India and Southeast Asia may not be considered underrepresented. "That will change when you look at it in a European context," he says. SAP also runs a series of accelerators in cities such as New York and Tokyo and in Europe, with plans to open in other areas soon. The most recent cohort in the New York accelerator is made up entirely of women and minority entrepreneurs.