The Artemis Fund

The Artemis Fund is a Houston, Texas-based venture capital firm dedicated to investing in high-growth, tech-enabled companies led by women. Founded by Diana Murtaugh, Leslie Goldman, and Kelly Milligan, the firm was established with the explicit mission to address the significant funding gap faced by women founders, who historically receive a disproportionately small percentage of venture capital funding. Artemis aims to empower and scale these underrepresented businesses, recognizing the immense untapped potential and economic impact they can generate.

The firm primarily focuses on Seed and Series A stage companies, providing crucial early-stage capital. The Artemis Fund closed its inaugural fund, Fund I, at $15 million in 2020, demonstrating its commitment to its investment thesis. Their typical initial check size ranges from $250,000 to $1 million, with reserves often allocated for follow-on investments to support portfolio companies through subsequent growth stages. This strategic approach allows them to be a foundational partner for promising startups.

Beyond capital, The Artemis Fund provides its portfolio companies with a robust network, strategic guidance, and operational support, leveraging the extensive experience of its founding partners. Their investment philosophy emphasizes not just financial returns but also the broader societal impact of fostering diversity and inclusion within the tech ecosystem. By championing women-led ventures, The Artemis Fund is actively contributing to a more equitable and innovative future in the startup landscape, building a diverse portfolio of companies across various tech sectors.