
Better Ventures
Description
Better Ventures is an Oakland, California-based early-stage venture capital firm with a distinct focus on impact investing. Established with the core belief that businesses can be powerful forces for good, the firm actively seeks out and supports mission-driven entrepreneurs who are leveraging technology to address pressing global challenges. Their investment thesis centers on the conviction that companies generating significant positive social and environmental impact can simultaneously achieve robust financial returns, thereby proving the viability of a 'for-profit for-good' model.
The firm primarily targets Seed and Series A stage companies, providing crucial capital and strategic guidance during their formative years. Better Ventures' investment scope spans a range of critical sectors, including climate technology, health technology, education technology, and other areas that promote sustainable systems and social equity. They are known for their hands-on approach, working closely with founders to help them scale their solutions and maximize both their impact and their market potential.
Better Ventures has demonstrated consistent activity in the impact investing space. For instance, their third fund, Better Ventures III, successfully closed at $30 million in 2019, enabling them to expand their portfolio. Building on this momentum, they subsequently launched a fourth fund, targeting $40 million, to further their investment strategy. To date, Better Ventures has invested in over 70 companies, building a diverse portfolio that reflects their commitment to fostering innovation that benefits both people and the planet.
Investor Profile
Better Ventures has backed more than 84 startups, with 6 new investments in the last 12 months alone. The firm has led 17 rounds, about 20% of its total and boasts 7 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
- Majority of deals are located in United States, Kenya, Germany.
- Strong thematic focus on Health Care, Software, Biotechnology.
- Led 1 rounds in the past year.
- Typical check size: $500K – $2M.
Stage Focus
- Seed (76%)
- Series A (8%)
- Pre Seed (8%)
- Series B (6%)
- Convertible Note (1%)
Country Focus
- United States (89%)
- Kenya (6%)
- Germany (2%)
- The Netherlands (1%)
- Canada (1%)
Industry Focus
- Health Care
- Software
- Biotechnology
- Artificial Intelligence (Ai)
- Information Technology
- Analytics
- Financial Services
- Food And Beverage
- Education
- Mobile
Frequently Asked Questions
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