2023
In late 2022, Plum Alley raised a $22M venture Fund to invest in frontier tech and medical breakthroughs with women founders and gender diverse founding teams. This enabled us to expand our investor base and to give investors the option to have a portfolio of companies with our same investment thesis. Many of the Fund investments came from the companies that our Plum Alley SPVs had invested in and met the Fund criteria.
Many investors have a mandate to invest in a fund structure and want a portfolio of companies selected by professional managers. Plum Alley Venture Fund I gave investors that option.