Purple Sage Ventures

What is Purple Sage Ventures?

Purple Sage Ventures is an investment fund focused on promoting equality in funding by investing in exceptional startups led by extraordinary female founders. They believe that diverse founding teams deliver higher returns to investors and have statistically proven a 330% enhancement in that regard. Yet, the current venture capital environment is unsatisfactory, with less than 3% of funding going to female-founded startups, and even less to Black and Latinx women founders.

In response to this disparity, Purple Sage Ventures invests in various industries, including Education, HealthTech & Fitness, Impact, Logistics & Distribution, and Healthcare & Wellness. They aim to fund the now and transform the future by addressing the funding gap experienced by underrepresented entrepreneurs.

Their investment range is relatively broad, offering a minimum of $100,000 to a maximum of $5,000,000, with a sweet spot investment of around $1,500,000.

They typically engage in Seed and Series A funding rounds. Purple Sage Ventures not only offers capital but also provides access to essential networks, knowledge, and noteworthy portfolio companies, like Health in Her HUE, Inclusively, and Guava, that align with their goals of inclusivity and cultural competence. Moreover, by functioning as founders-turned-funders, they employ their firsthand experience to stand in the corner of the startups that seek radical change.

Their commitment to intersectional diversity and equal opportunity in the startup ecosystem makes them a well-positioned fund for startups looking for empowerment and substantial growth through committed partnership.

What they say:

We support new ventures that are led by a wide range of individuals.

What we look for: We invest in early-stage startups built by diverse teams.