Anne Hathaway backs Pact, an allwomen led VC for missiondriven startups, from West to East

News Summary

  • How many VC funds can you name where the three partners all had babies whilst raising the fund, have deep connections in Asia as well as Europe and the US, and include actress Anne Hathaway as an LP?
  • However, she said the £30 million should get them enough companies to get the “healthy diversification” needed for fund returns: “We could do 18 to 20 companies, either leading or co-leading.
  • Not many I’d hazard.But that’s the profile of Pact, a new Seed VC fund launched with a £30 million ($36 million) pot of cash to back early-stage startups across Europe.
  • “And we really want it to be able to back companies at the early stage that are really positively shaping the future.
  • And that’s something that we’ve experienced firsthand as three female GPs who all had our first children while raising this fund.
  • And that’s something that the three of us, in a very complimentary way, bring to the table.”“We believe that capitalism should and can be inclusive while still producing huge results,” she added.
How many VC funds can you name where the three partners all had babies whilst raising the fund, have deep connections in Asia as well as Europe and the US, and include actress Anne Hathaway as an LP? [+4717 chars]