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

Omidyar Network spins out $100M Spero fund

Spero, which means “hope” in Latin, will make Series A and Series B tech investments, focused on health, wellness and food; the future of work; and human relationships and connection.

The fund is being spun out of the Omidyar Network; eBay founder Pierre Omidyar is the new Spero’s sole investor. “We are optimistic about the role of technology in building a better world, and mission-driven entrepreneurs give us hope for the future,” Spero’s founding partner Shripriya Mahesh wrote in a blog post. “We [also] believe some fundamental things are likely to stay the same: we will care about our health and the environment we live in; we will seek fulfillment in our work and our sense of purpose; we will value relationships with friends, family and community.”

Fifteen companies, including Jopwell, which helps candidates from underrepresented backgrounds land jobs, and food tech startup SafeTraces, are rolling over to the Spero portfolio.

You might also like...