Rethink Impact raises Largest Fund Amidst Venture Market Low

Rethink Impact has raised its third and largest fund till date amidst venture market low. The fund took over half a billion dollars. The firm is the largest US venture fund backing female-led companies as per Forbes. The fund that has been raised by the firm is more than $250 million that exceeds the goal.  

Headquartered in NYC, Rethink Impact caters in the Venture Capital and Private Equity Principals industry. It focuses on the gender lens which makes the investment on female leaders who are making use of technology in order to solve the world’s biggest problems.

In addition, the firm has been making investments on women-led tech companies for almost 10 years now. It invested in companies that were closing equity gaps in health, education, climate, and financial services.

Rethink Impact Founder & Managing Partner Jenny Abramson stated, “Some may have thought that investing in women was only a passing trend in the wake of the #metoo movement. But this moment makes clear that investing in women and impact is good business, good for the economy, and certainly here to stay.”

Moreover, Rethink Impact Managing Partner Heidi Patel added, “Our success to date and the incredible group of funds investing in Rethink Impact portfolio companies along with us are a testament to the powerful work that our talented portfolio CEOs are leading and the massive opportunity associated with working on the most pressing issues of our day.”