FortySix Venture Capital (46VC), a VC management firm with offices in Tulsa, OK, and Bentonville, AR, announced the launch of Folds Ventures Fund I. This fund, managed by a team of experienced investors at 46VC, will target early-stage tech founders from the veteran and first responder communities.
This fund was developed in association with the Folds of Honor Foundation. This charitable organization provides life-changing educational scholarships to the spouses and children of fallen or disabled US service members and first responders. And Folds Ventures will be backing founders with funding and help them harness the power of a large network of patriots.
As the fund manager, 46VC developed a low-friction way for investors to support the veteran and first responder communities that will be open to all accredited investors.
This fund utilizes an innovative structure that shares a substantial portion of the manager’s carried interest returns with Folds of Honor in the form of a donation with each fund vintage, creating an evergreen resource for providing the potential for multitudes of scholarships. And the structure allows investors to have the ability to 1) achieve investment returns in a very sought-after asset class, 2) back elite founders with extraordinary resilience, and 3) create real impact by helping to ensure Folds of Honor’s mission to provide scholarships continues to thrive.
KEY QUOTES:
“For early-stage tech investors, access to leaders with elite capabilities, training and experience is paramount to success. The time is right to back founders with the skills needed to build enduring companies that will advance US capabilities across critical sectors.”
- Tracy Poole, Founder of 46VC, the fund’s manager
“Folds of Honor is proud to team up with Folds Ventures. We believe the partnership will be a force multiplier to the mission and awareness of Folds of Honor and increase scholarship funding to the families of American military and first responder heroes. Together we will meet sacrifice with hope.”
- Folds of Honor CEO and Founder, Lieutenant Colonel Dan Rooney
