REFASHIOND Ventures traveled to Washington DC for the kick off of Recast Capital Accelerate, a program funded by the incredible team at Pivotal Ventures and Melinda French Gates.
REFASHIOND was selected to join as one of the 36 top women-led early stage US VC funds and was awarded $100K, mentorship from top LPs and resources to build our firms.
Forging a Crisis Proof Supply Chain: The Rise of a More Innovative, More Resilient Industry
REFASHIOND Ventures Announces New Rolling Fund on AngelList
FOR IMMEDIATE RELEASE (U.S. Distribution)
REFASHIOND Ventures Announces New Rolling Fund on AngelList
Co-founders of The Worldwide Supply Chain Federation launch early-stage venture fund to invest in technology innovations that redefine global supply chains
(New York, NY – March 4, 2021) -- As the COVID-19 Pandemic and Climate Crisis have posed simultaneous challenges to global supply chains in every industry, REFASHIOND Ventures, an NYC-based, early-stage supply chain technology venture firm that invests in startups refashioning global supply chains, today announced the launch of a $10 million early-stage Rolling Fund™ on AngelList.
Co-founders and General Partners of REFASHIOND Ventures, Brian Laung Aoaeh, CFA and Lisa Morales-Hellebo, also created The Worldwide Supply Chain Federation, a global and fast-growing community of supply chain, innovation, and technology enthusiasts.
Mr. Aoaeh said “We believe that we are in the very early stages of a technology-driven refashioning of global supply chains. This belief has been strengthened as the world grapples with the climate crisis, while governments work to overcome the COVID19 pandemic.” He added, “Entrepreneurs building innovations to solve critical problems in global, industrial supply chains tell us that investors whose knowledge and background spans supply chain, technology, innovation, and emergent startups are difficult to find.”
“We can't solve the climate crisis until we refashion global, man-made supply chains to reprioritize their impact on people, planet, and profits,” said Ms. Morales-Hellebo. “Since supply chains are being fully digitized for the first time in history, investment in their reinvention represents a massive catalyst for job creation, economic growth of the global middle class, and entirely new value streams that prioritize their impact on the planet as much as their profits,” she added.
“Through the Rolling Fund™ structure, AngelList has made it easier for emerging managers like REFASHIOND to launch, and for individuals who typically would not have access to venture funds,” said Mr. Aoaeh. “We will hold our first close on April 1,” said Mr. Aoaeh, adding, “We are inviting individual accredited investors, family offices, corporations, and institutional investors throughout the world to join us in backing the people working towards creating a more sustainable future for our planet. We firmly believe the refashioning of global supply chains is the largest sector-driven investment opportunity of our lifetime.”
Media Inquiries: Linda Rigano: 914.815.0396 or lindarigano@gmail.com.
About REFASHIOND Ventures
REFASHIOND Ventures is an NYC-based, early-stage supply chain technology venture firm that is being built to invest in startups refashioning global supply chains. Information about REFASHIOND Ventures’ inaugural fund is available here: https://www.refashiond.com/seed and the firm’s manifesto is available here: REFASHIOND Ventures - Our Manifesto. Potential investors who wish to visit REFASHIOND Seed’s page on AngelList can do so here: https://angel.co/v/back/refashiond-seed.
About AngelList
AngelList Venture is the leading platform for investing in world-changing startups. For fund managers, AngelList provides a single platform for raising, deploying, and managing venture funds. For investors, AngelList offers everything needed to invest in top-tier startups, all in one place. In 2020, 51% of all top-tier U.S. VC deals were funded on AngelList Venture.
###
Why investors are looking at supply chain technologies in 2020
10 Latinx Women Making Waves in Venture Capital
Finding Venture Capital
List of VC Funds by Shai Goldman at Silicon Valley Bank: https://docs.google.com/spreadsheet/ccc?key=0Ar2jKST-_k4GdGlaRFltQlZVWDlNUkZ6VldoVzVicGc&usp=drive_web#gid=0
This should help first-time startup founders determine who they should start building relationships with. For a small seed round, which I define as less than $1.0M, I’d focus my energies on smaller funds. Though, you shouldn’t turn down a warm introduction to an investor at a large fund (which I am defining as current fund > $150M or so) or an invitation from someone who wants to connect for the future . . . Just know that they will be less likely to invest in a round that’s smaller than $5.0M or so. Funds that invest $50K – $500K in seed stage startups would be great to start speaking to now.
Series A startups should target funds that have $100M or more in their current fund, not in assets under management (AUM) across a number of funds.
Some large funds have initiatives to write small checks in startups they like that are too early for a “core-investment” . . . I do not understand the rationale behind the “non-core” designation for some investments. I think every investment should be analyzed with the same rigor. Every investment should be a core investment, irrespective of the amount of the investment.
Mapping Out Micro-VC by Samir Kaji at First Republic Bank – For your purpose; A “micro-VC” typically invests $50K – $250K in rounds that are less than $1.0M in size. Any fund under $25M in size probably fits the bill. Note that this may not match Samir’s definition. They’ll typically describe themselves using terms like “we want to be the first external capital you raise” or they might say things like “you should have raised less than $750,000” or some permutation of language like that.
AllRaise Founders for Change: Airtable Database of Angels and Venture Capitalists.
Business Insider: Complete List of Early Stage Investors in NYC (2012)
What do you need in order to get funded by a VC?
Note: I assume this answer does not take into account the seed stage VCs who want to be the first outside capital that a startup takes.
Note: These are heuristics used by early stage investors, not laws of physics or mathematics. There’s always an exception . . . The question is; how do you find that “exceptional investor” who will bet on you in the absence of the kind of evidence other investors need to see before they invest?
Understanding Venture Capitalists
Venture Capital Economics
The VC Struggle – The Psychology Of A VC And How To Take Advantage Of It
All Revenue Is Not Created Equal: The Keys To The 10x Revenue Club
How Venture Capital Works – Note the date of publication, some things may have changed.