Fledge, the conscious company accelerator & seed funds

United States of America

Last updated 11 May 2020, by Impactyield.

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Fund geography

Global (48)

Fledge is the conscious company accelerator and family of seed funds, investing in mission-driven, for-profit startups from around the world. We operate in multiple cities around the world, inviting seven companies per session, investing a modicum in each, then investing more in the best of those companies as well as seeking co-investors to join us.

Founded in 2012, by the end of 2017 Fledge has worked with 82 companies based in 22 countries, operating eleven session in total in Seattle, Lima, and Barcelona. Two additional cities are lined up for 2018 and more are expected each year.

The accelerator investments take the form of revenue-based equity, returning capital from future revenues, without waiting for exits. Follow-on investments take a variety of forms including revenue-based equity, revenue-based debt, convertible debt and equity.

Investors can allocate their capital into specific funds which match their interests by stage, geography, and/or sector.



Financial description

Fledge is a business accelerator. The service works like this:
• Entrepreneurs from around the world, seeking help, apply
• Multiple times per year (once per city), we invite 7 of these applicants into our 10-week program
• Each team is provided $15,000-$20,000 in cash, and invited to one of our cities
• For 10 weeks, we provide a daily, intense program of education, advice, mentorship, and more
• At the end of the program, we put our fledglings up on stage to share their visions at our “Demo Day“
• Afterward, we sometimes lead follow-on rounds, sometimes we follow, and sometimes we just make introductions
In exchange for the cash and all the help, each company shares a small percentage of equity, plus a small percentage of future revenues. A true win-win, where you receive a huge boost of assistance to get your company up and running, paying nothing until you succeed.

10 years

of track record

2012

the year funded

5,000,000 USD

AUM

Asset manager

Fledge

Website

Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Encourage companies to adopt sustainable practices and sustainability reporting

Expand and upgrade energy services for developing countries

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Fledge

Product track record: Fund has 10 years of track record

Target IRR: 15%

Committed Capital: 1,800,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2012

Vintage year: 2017

Target region:

Target close date: 01/12/2018

Product term: 3 years of investing followed by 7-10 years of harvesting returns

Assets under management: 5,000,000 USD (US Dollar)

Investment size: Min: 15,000; Max: 200,000; Avg: 20,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 82

Fund investments to date exited or repaid: 2

Management fee: n.a.

Carried interest: 20%

Hurdle rate: There is no hurdle rate. Investors receive they're initial capital then then 80% of the gains.%

GIIN Investors' Council Investment: No

Limited Partners / Investors: 45 individuals and families, ImpactAssets, and the Seattle Foundation

Limited Partner / Investor Type: Family Office, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://fledge.co

Phone number: 206 550-7109

If you wish to have your details removed from this database please email gdpr@impactyield.com


Luni Libes

Founder & Managing Director

Impact Performance

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n.a.

Impact thesis

Fledge's mission is wrapped up in helping other mission-driven for-profits succeed. Our impact is thus indirect. Through our first 82 graduates we cover 16 of the 17 UN Sustainable Development Goals, work with companies in 22 countries, 45% of which are operated by women or specifically target their impact in helping women. Our fledglings recycle cotton and plastics, stop steel from rusting, feed Africa and the Philippines, turn waste cooking oil into biodiesel, manufacture clean cookstoves, fund childcare, and much much more. See fledglings.fledge.co for the full list of companies.

Impact Management

n.a.

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