The Fund 200
Retrospective on our first two-hundred companies
In February 2021, a year into the pandemic, we posted about investing into our first 100 companies. At a time when not a lot was looking up in the world, we were thankful for our incredible community, and we doubled down on helping it become more global. As our community expanded, so too did the pull to introduce our model into markets as widespread as India and Australia. For the first time we began to see that The Fund could be a truly global pre-seed firm, not just a fund.
This week, we invested in our 200th company, and the aspirations of having true global reach are now a reality. While we started as a local founder community investing into NYC based companies, we expanded thoughtfully into regions using a distributed venture partner model. Today our community is located around the world, with over 500 founders and operators as limited partners, and over 200 portfolio companies. These founders represent nearly every background and access to every market, and drive our community flywheel. They are the engine into where we originate opportunities, and how we diligence investments.
Additionally, as we’ve scaled globally we’ve listened to our friends and investors who asked for a means of gaining global pre-seed deal exposure. The result is an evergreen rolling fund called The Fund Explore. The Fund Explore gives investors who want systematic early-stage access the chance to commit on a quarterly basis to a basket of 15-20 companies that will be sourced from across the global fund community - spanning geographies and sectors. To learn more or apply follow this link: The Fund Explore.
Huge thank you to our founders who are helping us build one of the strongest founder communities in the world. Can’t wait for the next 200!
-Jenny & Scott
A few portfolio highlights:
FINTECH / WEB3
Dash is building an accessible, modern, and unified alternative payment network for African consumers. Dash users can send/spend & receive money (regardless of currency), pay for goods/services (online or offline), save, and invest, all in a single app. Dash raised a $32.8M seed round led by Insight Partners.
Stitch offers an API that helps businesses and fintechs in Africa build financial products better and faster, through seamless, one-click, fraud-free bank payments and easy access to financial data. Stitch raised a $21M Series A.
Relief leverages AI, advanced machine learning technology, and collective bargaining to bridge the knowledge and action gap when it comes to debt relief. They raised a $15M Series A.
SaaS
Cube is a spreadsheet-native financial planning and analysis (FP&A) platform that focuses on meeting strategic finance teams where they already live and enhancing the workflows they use every day. Cube is modernizing the CFO suite. Cube raised a $30M Series B led by Battery.
Loctax is a collaborative tax governance platform for global in-house tax teams. It helps to achieve full control of compliance, projects, audits, transfer pricing, and all other tax responsibilities.
HEALTH
Headway is rewiring a new mental healthcare system for access and affordability by building a software-enabled network of therapists who accept health insurance, making it easy for therapists to grow their practices, and possible for patients to find quality care they can afford. Headway raised a $70M Series B led by Andreessen Horowitz.
Curve Health advances connected senior care by bridging the silos that hinder healthcare delivery today. They combine telemedicine, a health information exchange, predictive analytics and smart billing into a single platform, resulting in higher quality care. Curve Health raised a $12M Series A round backed by Lightspeed.
Huckleberry pairs pediatric sleep experts with AI to create a custom sleep plan with your unique family in mind. Huckleberry Labs raised a $12.5M Series A led by Morningside Ventures.
Season uses food as medicine to improve health outcomes. They provide customized meal recommendations, food delivery, and nutrition plans. Season raised a $34M Series A round led by Andreessen Horowitz.
FUTURE OF WORK
Contra is an independent-first community & commission-free hiring platform shaping the future of work. Contra raised a $30M Series B round led by NEA.
Valence is building the world’s leading platform to help leaders create great teams and transform their organizational cultures with a suite of customizable digital tools. Valence raised a $25M Series A led by Insight Partners.
Anthill helps companies understand their employees by providing an award winning, simple platform to communicate, engage, assess, reskill and map opportunities with employees that don’t sit at a desk.
LOGISTICS / SUPPLY CHAIN
Smarthop helps independent truck drivers and carriers get more while stressing less. Their smart trucking solutions empower customers to maximize their profits, while minimizing downtime and cutting overhead costs. Smarthop raised a $30M Series B with participation from Union Square Ventures.
Sourcemap is the supply chain transparency company: helping consumers and companies trace products to the source and ensure standards are met every step of the way. Sourcemap raised $10M Series A.
As we continue to actively invest in pre-seed companies around the globe, we are always open to introductions and collaborations, please reach out: j@thefund.vc
