Fund II · Actively investing

A generation of proven founders is getting left at seed.

Two results, one decision — outsized returns and ownership that compounds.

Ownership that compounds — founder and employee equity in communities capital overlooks, appreciating round over round.

A generation of funds was built to write these founders their first check. Almost none operate at the next stage. We lead the seed extension and Series A rounds that follow — in companies at or near breakeven, led by founders the market misreads as unproven. Our first fund has reached its first exit, with 5 of its 13 companies now profitable.

We invest where others aren’t looking. That’s where the returns are.

Proof · Not promise
8%
realized loss rate across the fund
Reinventure8%
Typical venture30–50%
~10×
revenue growth
compounded since our first check
5 of 13
companies profitable
crossed breakeven in 2025
1st
exit realized
the fund enters harvest

Experienced, not first-time. The founders we back average 20+ years in their field before founding — seasoned operators the market reads as unproven.

The Harvest · In One Line

Revenue compounded roughly tenfold.

Aggregate portfolio revenue since our first checks — the disciplined-middle thesis, measured. Directional and indexed to our entry.


Aggregate portfolio revenue · indexed to entry · directional
Aggregate portfolio revenue · indexed to entry · directional

The proof · one story, not two

Returns and impact aren’t a tradeoff. In our portfolio, they’re the same finding.

The return

Seed extension and Series A rounds — the inflection point where companies are scaling and conventional venture hesitates — in capital-efficient companies outside the coastal hubs. Revenue has compounded roughly tenfold, and the fund is now in harvest — returning capital to investors.

The impact

Every company we back is led and controlled by BIPOC and/or women founders, most building outside major hubs, creating jobs and downstream infrastructure — family lending, waste digitization, player safety — at real scale.

$360M → $1B+

in founder & employee ownership created across Fund I — unrealized and compounding, on the way to $1B+ targeted

387

jobs created across the portfolio

77%

BIPOC workforce vs ~22% industry

Every dollar compounds outward — catalyzing follow-on capital, customers, and jobs.

Beyond the check · by design

Every fund says they partner. We’re structured to.

Partnership isn’t a line on a homepage — it’s designed into how the fund itself is built.

100%
Board seats
A seat in every company we back — not just the ones that break out.
~1:4
Partner to company
Roughly four times the engagement of a typical venture fund.
50%
Of the fund reserved for follow-on
We keep backing you as you grow
The Co-Pilot program

We don’t just fund your round. We help you raise the next one.

Founders tell us fundraising is their hardest problem — it can consume up to 80% of their time. Co-Pilot is our structured program to take that on: a focused two-month preparation, then hands-on support through the raise. We built it for Fund I founders; in Fund II it’s part of the model from day one.


58%


of the portfolio on track for Series A
≈2× the ~25% Carta benchmark

1

Investment story & prep

Your narrative, financial model, and data room — investor-ready.

2

Targeted investor identification

The right investors for your stage and thesis — plus warm introductions.

3

Process management & negotiation

Hands-on through meetings, terms, and close.

The portfolio.

All 13 companies →

Building something the market is overlooking?

We partner with founders raising a seed extension or Series A, on a clear path to profitability and building ownership that compounds.