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1843 Capital is an early-stage venture capital firm founded in 2016 by Tracy Killoren Chadwell. The firm operates from its offices in Washington, DC, and New York, NY, focusing on AgeTech, which includes technology solutions for older adults and their caregivers. The name '1843 Capital' pays homage to Ada Byron Lovelace, who wrote the first computer program in that year, symbolizing the firm's commitment to technological innovation.
As of now, 1843 Capital manages approximately $13 million in assets and has invested in nine companies. The firm aims to build a portfolio of around 12 companies from its first fund. Notable milestones include successful exits such as Beautycounter and Tempo Automation, showcasing the firm's ability to identify and support high-potential startups.
1843 Capital invests primarily in the AgeTech sector, targeting technology-based solutions that cater to the needs of older adults and their caregivers. The firm focuses on pre-seed, seed, and Series A stages, with initial check sizes averaging around $500,000. Their investment strategy encompasses a range of sectors, including longevity, fintech, and cybersecurity, reflecting a broader approach to addressing the challenges faced by aging populations.
The firm emphasizes the importance of supporting women founders and seeks to invest in companies that enhance health, wellness, independence, and security for older adults. 1843 Capital provides not only capital but also strategic counsel and connectivity, helping portfolio companies navigate market challenges and scale effectively.
1843 Capital's portfolio includes a diverse range of companies focused on improving the lives of older adults. Notable portfolio companies include:
These companies reflect 1843 Capital's commitment to enhancing the quality of life for older adults through innovative technology solutions.
Tracy Killoren Chadwell: Founding Partner. Tracy has a background as a lawyer and has transitioned into venture capital. She has testified before the Senate Small Business Committee and is a speaker at the Milken Institute Global Conference 2023. Tracy is also featured on various AgeTech and venture capital podcasts.
Sharon Rodriguez: Venture Partner. Sharon brings extensive experience in venture capital and has a strong focus on supporting innovative startups in the AgeTech sector.
Gwen Weiss, CPA: Partner and Chief Financial Officer. Gwen oversees the financial operations of the firm and has a background in accounting and finance.
Larry Flanagan: Executive Advisor. Larry provides strategic insights and guidance to the firm, leveraging his extensive experience in the venture capital industry.
Brian Geyser: Venture Partner. Brian focuses on identifying and supporting promising startups within the firm's investment thesis.
To pitch to 1843 Capital, founders should use the preferred channel of email, sending their pitch deck to info@1843capital.com. The pitch deck should include a comprehensive overview of the business, market analysis, and team qualifications. Founders can expect a response within a few weeks, depending on the volume of inquiries. Warm introductions are appreciated but not required.
In recent months, 1843 Capital has continued to expand its portfolio, focusing on investments that enhance the quality of life for older adults. The firm has made notable investments in companies like Cariloop and Function Health, which align with its commitment to AgeTech.
Additionally, 1843 Capital has been featured in various media outlets discussing its investment strategy and the importance of supporting women-led companies. The firm has also participated in industry events, further establishing its presence in the AgeTech community.
What are 1843 Capital's investment criteria?
1843 Capital focuses on early-stage investments in the AgeTech sector, particularly targeting technology solutions that address the needs of older adults and their caregivers. The firm has a strong preference for companies led by women founders.
How can I apply or pitch to 1843 Capital?
Founders can pitch their ideas by visiting the firm's website at 1843capital.com or by emailing their pitch deck to info@1843capital.com. It is advisable to include a clear overview of the business model, market opportunity, and team background.
What makes 1843 Capital different from other venture firms?
1843 Capital distinguishes itself through its focus on AgeTech and its commitment to supporting women founders. The firm provides not only capital but also strategic counsel and connectivity within the industry, helping portfolio companies navigate challenges and scale effectively.
What is the geographic scope of 1843 Capital's investments?
The firm primarily invests in North America, focusing on companies that operate within the AgeTech sector and adjacent industries.
What is the typical check size for investments?
1843 Capital typically writes initial checks of around $500,000, with reserves for follow-on investments in promising portfolio companies.
What is 1843 Capital's post-investment involvement like?
The firm actively engages with its portfolio companies, providing strategic guidance, industry connections, and support in scaling operations. This involvement is aimed at enhancing the growth potential of the companies they invest in.
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