Name: Vive Ventures Location: Menlo Park Size: Raising $80 million
What it is: The fund, which is launching this fall, will focus on digital health and wellness, emphasizing data and technology that make health care more efficient. It will also focus on areas that affect women, which have been underinvested in. Aging is one example.
Leadership: Cheryl Cheng, formerly general partner at BlueRun Ventures
Investment style/track record: The fund will make small A-round investments of $5-7 million, and include leadership coaching and mentorship for entrepreneurs, to help bake-in inclusive cultures. Cheng co-managed a $130 million fund at BlueRun Ventures, investing in companies including Hello Heart, Sendwithus and ZeeMee. She previously worked at Clorox and The Sharper Image.
Quote: “My goal is to be a financial investor. I am not an impact investor. But even within that, I can bring diversity to my portfolio and my partnership.”