Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Female investors power Rethink Impact’s $182 million gender lens impact fund

ImpactAlpha, July 13 – Jenny Abramson and Heidi Patel launched Rethink Impact in 2016 to invest in female entrepreneurs tackling tough problems. Interest from female investors, who make up 65% of the investors in their latest fund, helped make it the largest U.S. gender lens fund.

Backers in Fund II include Melinda Gates’ Pivotal Ventures, Ford Foundation, W.K. Kellogg Foundation, UBS, and university endowments, as well as many high net worth women. The firm’s first fund, in 2016, raised half of its $110 million from high net worth individuals and family office clients of UBS Wealth Management Americas.

Rethink Impact raises $110 million for women-led social startups

Track record

Rethink Impact has backed more than two-dozen ventures to date. In June, it joined a $9.5 million round for CareAcademy, a caregiver-training platform founded by Helen Adeosun and Madhuri Reddy.

CareAcademy raises $9.5 million to upskill a generation of caregivers

Other investments include Sally Krawcheck’s Ellevest female-focused finance site and Rachel Carlson’s Guild Education, a worker upskilling company that became the first female-led impact ‘unicorn.’

Funding for women-led ventures, already scant, plummeted by 40% in the first quarter of 2020. “Female founders are being left out at a time when their ideas are needed most,” Rethink Impact’s Abramson said in a statement. “Now is the time to address these market blind spots and double down, not lean out.”

10x Challenge: Four ways to drive exponential growth in gender-lens investing

You might also like...