Returns first — from the founders the market underprices.
A non-concessionary strategy, run once before to a 32% IRR at our founder’s prior impact fund, and holding an 8% loss rate this time. Reinventure is deploying Fund II now — the same playbook, the same discipline, a larger opportunity.
Now Investing · Fund II
Target fund
$40M
Stage
Seed ext.–Series A
Check size
$500K–$2M
Returns first. Impact as the consequence.
This is not concessionary capital. The founders we back reach breakeven on less, waste less, and are undervalued precisely because the market isn’t looking — which is what creates the entry price.
The impact — wealth built in communities capital has ignored — is not a trade against returns. It is what backing this talent produces.
Underpriced entry
A vast, rigorously-screened deal pool the mainstream systematically discounts.
Capital efficiency
Companies selected at or near breakeven — profitable growth, not cash-burn bets.
Downside discipline
An 8% loss rate is the clearest evidence the selection model protects capital.
A partnership structured to compound — for founders and for capital.
Deep support
A concentrated portfolio and a partner-to-company ratio far below the industry norm — meaningfully more hands-on time per investment, which is how the loss rate stays low.
Strategic LPs
Our anchor LPs bring more than capital — a global industrial partner engages our portfolio directly as a customer and commercial partner, turning a check into revenue relationships.
Radical honesty
We report the misses alongside the wins, with scenario ranges rather than single forecasts. Straight accounting is how we earn LP trust over multiple funds.
“We invest where others aren’t looking. That’s where the returns are.“
Edward Dugger III · Managing Partner
Let’s talk about Fund II.
For LPs and strategic partners: request our current materials and the 2025 Annual Report, or set up an introductory call.
