San Diego based revenue-based investment firm raised $11m in Series A funding from investors including Rockefeller, Kellogg, Pivotal Ventures, a Melinda French Gates company, and the MacArthur Foundation.
“We are thrilled to welcome such world-renowned social impact institutions as partners in supporting the exceptional entrepreneurs and businesses that drive opportunity within their communities and across the nation,” said Kim Folsom, Founder, Chairperson and CEO of Founders First. “Working together, we are building an inclusive economy to unlock significant social and financial returns, and we are also demonstrating the value proposition of supporting diverse-led small companies.”