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Acumen America

North America, New York, United States, New York

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Acumen America frequently co-invest with?

Acumen
North America, New York, United States, New York
Co-Investments: 16
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 3
Learn Capital
North America, California, United States, San Mateo
Co-Investments: 2
MaC Venture Capital
North America, Texas, United States, Abilene
Co-Investments: 3
Impact Engine
North America, Illinois, United States, Chicago
Co-Investments: 6
Bread and Butter Ventures
North America, Minnesota, United States, Minneapolis
Co-Investments: 2
Kapor Capital
North America, California, United States, Oakland
Co-Investments: 7
GingerBread Capital
North America, California, United States, Menlo Park
Co-Investments: 2
Ulu Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
Revolution’s Rise of the Rest Seed Fund
North America, District of Columbia, United States, Washington
Co-Investments: 2

Which angels does Acumen America often collaborate with?

MS
North America, New York, United States, New York
Shared Deals: 1
KT
North America, California, United States, Oakland
Shared Deals: 1
Daren Cotter
North America, Minnesota, United States, Saint Paul
Shared Deals: 1
AD
North America, Illinois, United States, Chicago
Shared Deals: 1
AR
North America, Illinois, United States, Chicago
Shared Deals: 1
ED
North America, New York, United States, New York
Shared Deals: 1
ET
North America, California, United States
Shared Deals: 1
MS
North America, California, United States, Oakland
Shared Deals: 1
AH
North America, California, United States, Los Angeles
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 1

What are some of recent deals done by Acumen America?

Twentyeight Health

Brooklyn, New York, United States

Twentyeight Health is a women's healthcare company providing birth control, vitamins, and medical treatments.

Health CareInformation ServicesOnline PortalsWellness
SeedFeb 13, 2023
Amount Raised: $8,300,000
Free From Market

Kansas City, Missouri, United States

Free From Market provides inclusive access to personalized, nutritious groceries and educational resources.

E-CommerceEducationHealth CareHospitalHospitalityNutrition
SeedJan 26, 2023
Amount Raised: $2,100,000
Kiip

New York, New York, United States

Kiip provides a platform for individuals to freely, simply, and securely store and manage their personal vital documents.

Document ManagementDocument PreparationInformation TechnologySoftware
Series UnknownJan 1, 2023
Bridge Money

Chicago, Illinois, United States

Bridge Money is a financial technology company dedicated to helping users make money, every day.

BankingPersonal Finance
SeedSep 28, 2022
Amount Raised: $5,800,000
MindRight Health

Newark, New Jersey, United States

MindRight Health offers culturally-responsive mental health coaching over a text message.

Health CareMental HealthPsychologySMS
SeedMay 24, 2022
Amount Raised: $1,780,000
Reema Health

Minneapolis, Minnesota, United States

Reema Health is a technology startup transforming how people navigate the gaps between health care and social care.

Health CareSocialSoftware
SeedMar 30, 2022
Amount Raised: $8,000,000
Samaritan

Seattle, Washington, United States

Samaritan app enables people to donate easily to homeless people.

AppsInternet of ThingsNews
Series UnknownJan 1, 2022
FutureFit AI

New York, New York, United States

Helping Fortune 500 companies and governments to build a FutureFit workforce by providing individuals with a "GPS for your Career"

Artificial Intelligence (AI)Big DataHuman ResourcesInternetMachine Learning
SeedDec 17, 2021
EQL Finance

Wilmington, Delaware, United States

EQL Finance is a Fintech lender that provides training to help people improve their financial management abilities. Interest-free lending,

Financial ServicesFinTechMarket Research
Pre SeedNov 15, 2021
Clinify Health

Chicago, Illinois, United States

Clinify is a digital health company focused on providing financial stability for independent physician practices in underserved communities.

Health Care
SeedAug 2, 2021
Amount Raised: $3,100,000