 | |
| Company type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 2014 |
| Founders | David Beatty Paul Grossinger |
| Headquarters | Burlington, Vermont, U.S. |
Key people | Jennifer Jeronimo (CEO) [1] |
| AUM | US$600 million (January 2022) |
| Website | www |
| Footnotes /references [2] | |
Gaingels is an American venture capital firm headquartered in Burlington, Vermont. The firm focuses on investing in companies with diverse and underrepresented (including LGBTQIA+) leadership as well as progressive social values. [3] [4]
Gaingels was co-founded in 2014 by David Beatty and Paul Grossinger. [3] [5] [6] [7] [8] The name Gaingels is a mix of "gay angels" and "gaining from angels". [5] [6] It started as a small angel investor group syndicate made up of LGBTQIA+ investors that would invest in companies founded by those in the LGBTQIA+ community. [3] [6] [7] [9]
in 2018, the founders recognized the lack of diversity in the venture capital scene and how investors would discriminate against company founders who did not fit the traditional mold such as being gay, female or being from a minority group. The firm's mission was expanded to foster social change through investing and to create a more diverse and inclusive environment in the venture capital scene. The firm which originally focused on just investing in LGBTQIA+ founded and led startups expanded its scope to invest in more companies to bring more diversity to its investments. It would also help its portfolio companies improve its diversity at leadership level. [3] [5] [6] [7] [9] [10]
Gaingels' investments have grown from $5 million in 2018 to $50 million in the first eight months of 2020 as a result of its structural change. [9] [10] Gaingels also partnered with other investors allowing it to obtain more deals. [9] [10]
In 2020, Gaingels launched its scholarship program to support LGBTQIA+ students. [3] [11]
Outside the U.S., Gaingels has offices in Australia, London and Toronto. [5] [6]
Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are often from high technology industries, such as information technology (IT), clean technology or biotechnology.
Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.
Benchmark is a venture capital firm founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden.
Founders Fund is an American venture capital fund formed in 2005 and based in San Francisco. The fund has roughly $12 billion in total assets under management as of 2023. Founders Fund was the first institutional investor in Space Exploration Technologies (SpaceX) and Palantir Technologies, and an early investor in Facebook. The firm's partners have been founders, early employees and investors at companies including PayPal, Palantir Technologies, Anduril Industries and SpaceX.
A series A is the name typically given to a company's first significant round of venture capital financing. It can be followed by the word round, investment or financing. The name refers to the class of preferred stock sold to investors in exchange for their investment. It is usually the first series of stock after the common stock and common stock options issued to company founders, employees, friends and family and angel investors.
Khosla Ventures is a private American venture capital firm based in Menlo Park, California. It was founded by entrepreneur Vinod Khosla in 2004. The firm focused on early-stage companies in the Internet, computing, mobile, financial services, agriculture, healthcare and clean technology sectors. Some of its most successful investments include Affirm, DoorDash, Square, Impossible Foods, Instacart, and OpenAI.
Index Ventures is a European venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. Index Venture partners appear frequently on Forbes’ Midas List of the top tech investors in Europe and Israel.
Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.
GGV Capital was an American venture capital firm. The firm was established in 2000 and was headquartered in Menlo Park, California. Formerly known as Granite Global Ventures, the firm had become one of the most active American investors in the Chinese artificial intelligence industry.
GV Management Company, L.L.C. is a venture capital investment arm of Alphabet Inc., founded by Bill Maris, that provides seed, venture, and growth stage funding to technology companies. Founded as Google Ventures in 2010, the firm has operated independently of Google, Alphabet's search and advertising division, since 2015. GV invests in startup companies in a variety of fields ranging from the Internet, software, and hardware to life science, healthcare, artificial intelligence, transportation, cyber security and agriculture. It has helped finance more than 300 companies that include Uber, Nest, Slack, and Flatiron Health.
Andreessen Horowitz is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. As of April 2023, Andreessen Horowitz ranks first on the list of venture capital firms by assets under management, with $42 billion as of May 2024.
AngelList is an American software company for fundraising and connecting startups, angel investors, and limited partners. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge. Created by serial entrepreneur Naval Ravikant and Babak Nivi in 2010, Avlok Kohli has been leading AngelList as its CEO since 2019.
Floodgate Fund is a venture capital firm based in the United States created by Mike Maples Jr. and Ann Miura-Ko. It was originally named Maples Investments, but was renamed Floodgate Fund in March 2010. It is focused on investments in technology companies in Silicon Valley.
Intel Capital Corporation is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, semiconductor manufacturing and other technologies. The firm is one of the most active American investors in the Chinese artificial intelligence industry.
Spark Capital is a venture capital firm in the United States which specializes in funding early-stage startups of consumer, commerce, FinTech, software, frontier, and media sectors. It has branches in San Francisco, Boston, and New York City.
CapitalG Management Company LLC is the independent growth fund under Alphabet Inc. Founded in 2013, it focuses on larger, growth-stage technology companies, and invests for profit rather than strategically for Google. In addition to capital investment, CapitalG's approach includes giving portfolio companies access to Google's people, knowledge, and culture to support the companies' growth and offer them guidance.
Aileen Lee is a U.S. venture capital angel investor and co-founder of Cowboy Ventures.
Eldridge Industries, LLC is an American holding company headquartered in Greenwich, Connecticut, with offices in New York City, London, and Beverly Hills. Eldridge makes investments in various industries including insurance, asset management, technology, sports, media, real estate, and the consumer sector.
S'More was a dating app developed by Something More Inc. It was considered to be an anti-superficial dating app. Profile photos were revealed over time only after a person has indicated interested in a person via interacting with their profile.
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