Avesta Colorado Fund - Gates Family Foundation
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Project Description

Avesta is a relatively new investment firm started by a first-time fund manager of color based in Denver. The fund is focused on bringing the technology start-up community together with the impact investing community, specifically focused on this generation’s defining challenges of inequity and climate change. Areas of focus include inequities found in education, financial inclusion, future of work, health access & affordability, housing, entrepreneurship development and climate issues of sustainable agriculture, energy efficiency, clean energy, carbon sinks, clean manufacturing, circular economy, green buildings.

The fund prioritizes (but is not limited to) diverse entrepreneurs in the pre-seed or seed stage, typically raising $750K to $4M in the round.

Gates previously invested in Avesta Fund I; this this new investment is to support the launch of Avesta Colorado Fund, a parallel fund to Fund I that will be matched up to $10 million by the Venture Capital Authority of Colorado, which is the anchor investor in the Avesta Colorado Fund.

Amount $1,250,000
Year Awarded 2022
Support Type Mission-Related Investment
Strategic Priorities

Natural Resources

Areas Served

* Statewide

Website https://www.avesta.fund/
Term 10 years
Payment Schedule