Next Wave US Impact Fund I

Next Wave US Impact Fund I makes investments that increase diversity in early stage investments by investing primarily in women led entrepreneurs in the U.S. with companies that improve overall health, expand quality educational opportunities, provide clean energy alternatives and develop models for sustainable food production.

Building on pilot programs in the US and Europe last year, which brought together nearly 200 women and made 18 investments in early stage companies, we are launching the Next Wave US Impact Fund I. This fund will follow a triple-bottom-line model of investing (people, planet, prosperity). Companies that aim to improve our health, expand quality educational opportunities, provide clean energy/tech, and develop new models for sustainable food production are examples of the kinds of firms we will seek to invest in with this new fund. Impact does not mean giving up return.

The Next Wave US Impact Fund I includes the following:

• The opportunity to choose the investment size that feels most comfortable to you. We are ideally seeking women that can commit to $10,000 a year for three years, totaling $30K over the three years.

• The maximum investment is $100,000 per year, or $300,000 total over the three years.• Our target fund size is $3M - $5M.

• Investments in 6 -8 entrepreneurial companies per year, with the fund following a triple-bottom-line model of investing (people, planet, prosperity) and diversification by sector, stage, and geography.

Financial description

• Our target fund size is $3M - $5M.
• The annual fund fees range from 1% - 2%, depending on the level of investment and INCLUDE fund expenses, such as the organization and formation of the fund, as well as legal and accounting expenses. This means the vast majority of your money is getting put to work in investments in our portfolio companies. This is the lowest cost investment vehicle available that we are aware of, thanks to our generous deal leads and partners. Details of the terms are provided in the legal documents that will be provided to interested parties and will supersede any other communications.
• The Next Wave US Impact Fund I will be open to our private community and networks for individual investments of between $30,000-$300,000 over the first three years of the fund. This multi-year investment strategy expands beyond the approach in the first pilot funds, which will allow us to make some larger investments and lead some deals, as well as participate in follow-on rounds in our portfolio companies.
• After the initial investment is returned, per deal, the profits are split with 20% to the fund/80% to the investors, calculated by individual investment. (Details of the terms are provided in the legal documents and supersede any other communications.)