Female-Led Pact Launches £30M Seed Fund
Summary
Limited Partners included anchor investor Campden Hill Capital, Jeff Dean, the Head of AI at Google; Yeming Wang, the former head of EMEA of Alibaba; Fahd Beg, the COO of Naspers; Keith Teare, the founding shareholder of TechCrunch; Todd Ruppert, the retired CEO of T. Rowe Price Global and venture partner at Greenspring Associates, Tilo Bonow, CEO of PIABO and Anne Hathaway, UN Woman Goodwill Ambassador and Oscar Award Winning Actress, among others. Co-founded by three female partners – Tong Gu, Reem Mobassaleh Wyndham, and Monik Pham, Pact will invest £1-1.5m in early-stage startups across Europe using technology to tackle key priorities for the next generation – economic inclusion, personal and professional well-being, and climate solutions. This collective includes Ronny Shibley, Former CTO and Co-Founder of Gorillas, Guarav Dhar, CEO of Marshall and MENA FinTech Association Board Member, Murali Akella, Head of Growth Drivewealth and Amy Rennison, Impact advisor. Pact’s first investment has been made into Growth Kitchen, a London-based company that uses data insights to launch food brands with sustainability as its core operations. The firm has also made two investments yet to be announced – one that uses AI for automation tools for SMBs, and a financial inclusion platform for migrant communities in Europe.