Valor Ventures Achieves First Close On Second Fund

By Amit Chowdhry ● October 7, 2019
  • Valor Ventures recently announced that it raised over one-third of the planned target capital amount of $25 million for Fund 2

Valor Ventures, the first woman-led venture capital firm in Georgia, announced recently that it made its first close on its second fund called Fund 2. So far, Valor raised over one-third of the planned target capital amount of $25 million.

Fund 2 invests in software platforms outside of Silicon Valley that unlocks new markets or extends solutions into large underserved markets. And the fund’s thematic focus is financial inclusion. Some of the fintech luminaries who invested in the partnership include Bakkt chief executive officer Kelly Loeffler, Kabbage co-founder and Kabbagehead Kathryn Petralia, Cardlytics COO & co-founder Lynne Laube.

Additional investors who participated include foundations and family offices along with seasoned investors including former CHRO at The Home Depot Tim Crow, Atlanta Tech Village founder David Cummings, and Mansfield Oil Company CEO Michael Mansfield.

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The team at Valor who will be overseeing the fund include founding general partner Lisa Calhoun and co-founders Robin Bienfait and Sarah O’Brien.

Over its four-year investment period, Valor Ventures plans to lead 25-30 seed stage investments. And the first investment is Atlanta-based digital banking and and financial literacy platform Capway. And Valor Fund 2’s second investment is Dallas-based on-demand prescription platform Physican360, which is led by Emory emergency room doctor Angela Fusaro, MD, MBA.

“We’re thrilled to have a committed lead investor with Valor’s expertise,” says Fusaro.

The Valor Fund 2 platform utilizes several types of support for helping founders scale such as Startup Runway, which is the largest pitch event for under-represented founders in the country and part of Valor’s sourcing system. And Valor’s headquarters called Atlanta Tech Park (founded by Bienfait), a 45,000 square-foot facility that is the one of the largest women-owned innovation center in the United States. Plus Valor offers an Innovation Council with a group of over 50 corporate leaders.

Valor’s 7th Startup Runway Showcase will be taking place tomorrow and it will feature public pitches from competitively selected startups hailing from Los Angeles to New Hampshire.