Gutter Capital, a NYC-based early-stage venture capital firm focused on affordability, economic mobility and climate change, closed its $25M Fund I.
The fund is backed by notable investors Fred Wilson of Union Square Ventures, Hunter Walk and Satya Patel of Homebrew, as well as Eileen Murray, former Co-CEO of Bridgewater Group. The fund’s LPs include founders of Bark, Casper, Honor, Olo, Envoy, Honor and WeWork, joined by institutional investors Tiger Global, Bain Capital Ventures, FJ Labs and Kapor Center Investments, among others.
Founded by Dan Teran, Founder of Managed by Q and former WeWork Executive, and James Gettinger, a computer scientist and former professional gambler, Gutter Capital makes investments on three critical mission areas:
- Improve accessibility and affordability of healthcare, housing and education
- Empower individuals, entrepreneurs and small businesses to thrive
- Reduce carbon emissions and prepare at-risk communities to cope with a changing climate
Gutter Capital is committed to investing initial $1.5M checks, with a focus on Software-as-a-service and Marketplace businesses.
Teran and Gettinger are joined by Richard Hughes as Operating Partner. Prior to joining Gutter Capital, Hughes led talent acquisition at Primary Venture Partners, Alma and Managed by Q, where he worked under Teran for over three years. Gutter Capital focuses on building strong founding teams. In 2022, the firm supported 46 of the 89 hires made by the Gutter Capital portfolio.
FinSMEs
29/03/2023