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Better Ventures is a venture capital firm founded in 2011 and based in Oakland, California. The firm was originally known as Hub Ventures before rebranding to Better Ventures. It focuses on supporting mission-driven companies that aim to address significant societal and environmental challenges. Better Ventures operates with the belief that integrating people and planet into business models is beneficial for both financial performance and long-term sustainability.
The firm currently manages a team of four partners and has established itself as one of the original impact-first venture capital firms. Better Ventures has a strong commitment to aligning its investments with the United Nations' Sustainable Development Goals, emphasizing sectors such as climate, healthcare, fintech, edtech, and biotech. Their notable milestones include becoming a certified B Corporation, which reflects their dedication to social and environmental responsibility.
Better Ventures has been actively deploying capital into early-stage companies, with a focus on B2B solutions that leverage science and technology to build a sustainable economy. Their office is located at 470 25th St, Oakland, CA 94612.
Better Ventures invests in early-stage companies, primarily leading and co-leading pre-seed and seed rounds with initial investments ranging from $500,000 to $3 million. The firm emphasizes sectors such as climate, healthcare, fintech, edtech, and biotech. Their investment strategy is centered around companies that address at least one of the United Nations' Sustainable Development Goals, reflecting the diversity of society.
The firm particularly seeks out B2B solutions that align with their investment themes, which include sustainable industry, human health, and tomorrow's workforce. Better Ventures looks for founders who are committed to creating positive societal change and who can demonstrate a clear alignment between their business models and social and environmental impact goals. They prefer to invest in companies that leverage science and technology to build a sustainable economy, ensuring that their portfolio aligns with their mission-driven ethos.
Better Ventures has built a diverse portfolio of companies that reflect its commitment to sustainability and social impact. Notable portfolio companies include:
Wes Selke: Founding Partner at Better Ventures, Wes has a background in impact investing and has been instrumental in shaping the firm's investment strategy. He has a strong focus on sustainability and social impact.
Rick Moss: Founding Partner, Rick brings extensive experience in venture capital and a commitment to supporting mission-driven companies. His expertise lies in identifying innovative solutions that address societal challenges.
Lyndsey Boucherle: Partner at Better Ventures, Lyndsey has a background in technology and impact investing. She plays a key role in sourcing and evaluating potential investments, particularly in the health and sustainability sectors.
To pitch to Better Ventures, founders should submit their proposals through the firm's website at better.vc. It is advisable to include a comprehensive deck that outlines the business model, market opportunity, and social impact objectives. Better Ventures prefers to see clear alignment with their investment themes, particularly in sustainability and health.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial, as they can facilitate a more favorable review process.
In recent months, Better Ventures has continued to actively support a diverse range of companies within its portfolio. The firm has emphasized backing innovations that leverage science and technology for sustainable industry, human health, and workforce development. Their commitment to impact investing remains strong, as they seek to address significant societal challenges through their investments.
Better Ventures has also been recognized for its role as one of the original impact-first VC firms, maintaining a focus on mission-driven companies since its founding in 2011. The firm has been actively deploying capital, with reports indicating that they may write checks up to $3 million for conviction bets.
What are Better Ventures' investment criteria?
Better Ventures invests in early-stage technology companies that focus on creating positive societal change, particularly in sectors such as climate, healthcare, fintech, edtech, and biotech. They look for companies that align with the United Nations' Sustainable Development Goals and demonstrate a commitment to sustainability and social impact.
How can I apply or pitch to Better Ventures?
Founders can pitch to Better Ventures through their website at better.vc. It is recommended to provide a clear overview of the business model, the social impact goals, and how the company aligns with Better Ventures' investment themes.
What makes Better Ventures different from other VC firms?
Better Ventures is an impact-first venture capital firm that prioritizes mission-driven companies. Their focus on aligning investments with social and environmental impact sets them apart from traditional venture capital firms. They have a strong commitment to supporting companies that leverage science and technology for sustainable solutions.
What is the geographic scope of Better Ventures' investments?
Better Ventures primarily invests in companies located in North America, focusing on early-stage firms that are addressing significant societal challenges.
What is the typical check size for investments?
Better Ventures typically invests between $500,000 and $3 million in early-stage companies, with a focus on leading or co-leading pre-seed and seed rounds.
What kind of support does Better Ventures provide to portfolio companies?
Better Ventures adds value to its portfolio companies by providing strategic guidance, access to a network of industry experts, and support in aligning business models with social and environmental impact goals. They are committed to helping founders navigate the challenges of building mission-driven companies.
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