First We Help. Then We Invest.
Together we rise.
GrowthX Capital is launching a new fund to invest in the rising city founders across North America who we have had the privilege to build a lasting relationship with by helping them get to market.
We will invest the fund into B2B venture-backable small businesses1.
We will invest up to $2,000,000 throughout the pre-seed, seed and Series A rounds.
After our initial $250,000 pre-seed investment, we will deploy the remainder of our commitment as founders reach specific traction milestones that we will help them exceed.
We will require founders to have a local co-investor who we can help identify and secure.
We will rely heavily on the unique insights and genuine relationships from The Revenue Accelerator.
1 What we’ve always referred to as a venture-backable small business, Ana Atluru referred to as a Silicon Valley Small Business and brilliantly illustrated in this blog post.
Our Stewardship Pledge
As an Innovation Investor
We believe the venture capital community can no longer ignore the ethical and moral issues that arise alongside its investment activities.
The Stewardship Pledge, pioneered by the Kauffman Fellowship, is an attempt to respond to this need.
The venture capital industry can no longer ignore the ethical and moral issues that arise alongside its investment activities, from power imbalances, lack of inclusion, or conflicts of interest. There is an ethical and moral imperative for a proactive and affirmative approach from the investor community.
As innovation investors, we recognize:
- Our industry of innovation capital has the power to drive both private value creation and sustainable, positive societal transformation;
- Our purpose is to direct capital and expertise to create shared value by accelerating the pace of innovation through company formation and growth;
- Our investment decisions affect the well-being of individuals inside and outside of GrowthX, the companies in which we invest, our capital partners, the industries in which we work, and beyond, both today and in the future; and
- Our behavior must set an example of integrity and mutual respect, eliciting trust and esteem from the multiple stakeholders we serve.
We will remain accountable to our peers and to society for our actions and for upholding these standards.
Pledge #1: Good Faith
We will not advance our own interests at the expense of our investee companies, our capital partners, or society.
Pledge #2: Honesty
We will manage our investments with loyalty and care and we will report the performance and risks of our organization and our investee companies accurately and honestly to our capital partners.
Pledge #3: Trust
Pledge #4: Integrity
We will recognize the power imbalance inherent in the relationship between investor and entrepreneur, and will not abuse our position, engage in sexual harassment or discrimination, or condone it in the organizations and communities around us.
Pledge #5: Dignity
We will protect the human rights and dignity of all people impacted by GrowthX and our investee companies, and oppose discrimination both within our investee companies and in the process of selecting investments.
Pledge #6: Diversity
We will promote a culture of inclusion, seek out diversity of all types, and foster a sense of belonging among all the organizations and communities in which we work. To further continuing awareness and action, we will participate to the extent of our abilities in open discussion and reporting across our industry as well as encourage others to do the same.
Pledge #7: Posterity
We will develop ourselves, and coach, mentor, and apprentice the next generation of founders and investors.
Pledge #8: Sustainable
We will work with our stakeholders to support sustainable inclusive prosperity and to minimize the negative consequences of our actions to the environment and society.