Avesta Fund I - Gates Family Foundation
Project Description

Avesta is a new investment firm based in Denver 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 Opportunity (education, financial inclusion, future of work, health access & affordability, housing, entrepreneurship development) and Climate (sustainable agriculture, energy efficiency, clean energy, carbon sinks, clean manufacturing, circular economy, green buildings). The fund prioritizes (but are not limited to) diverse entrepreneurs in the pre-seed or seed stage, typically raising $750K to $4M in the round.

In 2020 Gates was one of five original investors in the $550,000 Avesta Prologue Portfolio, which was designed as a demonstration targeting an initial 10 companies that would bring to life Avesta’s investment strategy. In 2021 Gates made a follow-on investment in Avesta Fund I in 2021, which is the firm’s first $20 million fund.

Amount $1,000,000
Year Awarded 2021
Support Type Mission-Related Investment
Strategic Priorities

Community Development > Access to Economic Opportunity > Natural Resources

Areas Served
Website https://www.avesta.fund
Term years
Payment Schedule
2020$110,000
2021$148,500