Acumen America
Description
Acumen America operates as a venture fund dedicated to fostering a more inclusive and equitable economy within the United States. As an extension of the global non-profit impact investment organization Acumen, its specific mandate is to address poverty and systemic inequality through strategic early-stage investments. The firm primarily targets pre-seed and seed-stage companies, backing entrepreneurs who are building innovative solutions for underserved communities. Their investment philosophy is rooted in providing patient capital, aiming for both meaningful social impact and sustainable financial returns from their portfolio companies.
The investment strategy of Acumen America is concentrated across three critical sectors designed to uplift low-income Americans. Firstly, in Workforce Development, they support ventures that create accessible pathways to quality jobs and economic mobility for individuals often overlooked by traditional employment structures. Secondly, their focus on Financial Inclusion involves backing companies that develop products and services to help individuals build financial health, manage debt, and accumulate wealth. Lastly, in Health & Wellbeing, Acumen America invests in solutions that improve access to affordable, high-quality healthcare and enhance health outcomes for vulnerable populations. This targeted approach ensures their capital directly contributes to addressing pressing social challenges.
Acumen America demonstrates its commitment to its mission through substantial capital deployment and a clear investment scope. The firm successfully closed its second fund, Acumen America Fund II, at a significant $20 million in 2021, showcasing continued investor confidence in their impact-driven model. This capital is deployed through initial investments that typically range between $250,000 and $750,000, providing crucial early-stage funding to promising ventures. With this fund, they aim to build a diverse portfolio of approximately 25 to 30 companies, each aligned with their overarching goal of creating a more just and prosperous society for all Americans. Their approach combines rigorous due diligence with a deep understanding of the social challenges faced by marginalized communities, positioning them as a key player in the impact investing landscape.
Investor Profile
Acumen America has backed more than 39 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 8% of its total and boasts 2 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Health Care, Software, FinTech.
- Typical check size: $250K – $750K.
Stage Focus
- Seed (41%)
- Series Unknown (28%)
- Series A (15%)
- Pre Seed (13%)
- Convertible Note (3%)
Country Focus
- United States (100%)
Industry Focus
- Health Care
- Software
- Fintech
- Financial Services
- Education
- Medical
- Wellness
- Personal Finance
- Mental Health
- Hospital
Frequently Asked Questions
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