Home Companies Slush 2022: FNDR launches first fund to put money into the “Fairness of Storytelling”

Slush 2022: FNDR launches first fund to put money into the “Fairness of Storytelling”

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Slush 2022: FNDR launches first fund to put money into the “Fairness of Storytelling”

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Venice, California-based FNDR (pronounced “founder”), a model consultancy platform, introduced on Friday at Slush 2022 occasion that it has launched FNDR Fund, the model’s debut LP (Restricted Companions) enterprise capital fund. 

The corporate says FNDR Fund will present distinctive unique entry for LPs to put money into transformative narrative-led companies. 

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Since its inception, the US firm claims to have helped over hundred founders, together with Titan, Airtable, Meati, and Sorare, by means of storytelling and narrative-led technique.

“We now have the privilege of getting a front-row seat and intimate exchanges with a few of the world’s most transformative founders,” says James Vincent, Founding Companion and CEO at FNDR. “This interplay has led to non-public invites to be vested of their success, which in flip led to the creation of the FNDR Fund.”

“This new fund will formalise this dynamic, unlocking the additional worth to extra founders, the fund’s LPs, and FNDR workers who will share within the fund’s returns,” says the corporate. 

FNDR Fund’s three core rules

The FNDR Fund will make funding selections following three core rules:

  • It’s going to put money into firms re-imagining the world’s most impactful programs (e. g., meals safety, provide chain, vitality, well being) and utilising expertise to create a extra equitable and thriving world.
  • It’s going to put money into founders with whom they’ve partnered to assist draft their manufacturers’ narratives and know them intimately.
  • It’s going to put money into enterprise fashions that stability revenue and objective in a means that scales deliberately and responsibly inside societies.

The Fund will co-invest cheques as much as $1M in early and growth-stage startups globally, with a main give attention to the EU and United States. 

In an unique quote to Silicon Canals, James Vincent emphasised on taking a cultural-based method as a substitute of a sector-based one. 

He says, “I don’t contemplate classes an funding technique. However I believe we’ve got a reasonably good sense of the locations the place tradition is evolving and the locations the place it must evolve and has the largest alternative. I’m all the time serious about my companions and if they are going to be serious about working with me on this model. I wish to guarantee that it’s related and must be resolved in immediately’s tradition. It’s one thing on this type of Zeitgeist that must be resolved. So I don’t assume we take a sector method however a cultural method.”

The fund is backed by FNDR companions and a curated group of LPs, together with GPs from world-class enterprise funds, similar to Danny Rimer from Index Ventures, again the fund.

Rebekah Jefferis, the founding associate at FNDR, says, “We offer capital with a standpoint and help founders as strategic companions all through their journey by means of the lens of language and narrative. Retaining the give attention to the founder’s imaginative and prescient, making certain their voice is heard loud and clear.”

“We don’t plan to actively lead or set the phrases of our investments,” says Fabri Cara, Enterprise Companion at FNDR, main the model growth into enterprise capital. “We’re not conventional VCs; this isn’t a standard fund. As a substitute, we put money into a particular index of distinctive founders backed by top-tier funding companies throughout many verticals, phases, and markets.”

FNDR: What it’s worthwhile to know

FNDR was based by James Vincent, Stephen Butler, Rebekah Jefferis, and Nick Barham in 2017 to assist transformative founders throughout industries inform their tales and convey their visions to life. 

The Californian firm does it by means of provocative conversations with its founders to formulate foundational narratives that can drive their firms ahead. 

The 4 FNDR companions with a long time of expertise have labored with visionary founders like Steve Jobs and Brian Chesky throughout their most pivotal inflection factors.

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