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The Venture Codex

Next Wave Impact

1031 33rd St, Denver, Colorado, 80205, United States

Overview

We are working to increase diversity, inclusion, and impact in early-stage investing and our entrepreneurial ecosystem through our innovative learning-by-doing progressive fund model. Our global fund has 99 women investors, 25 of them women of color, which is led by an experienced investment committee of ten women. We are building a portfolio of investments in early-stage impact companies, diversified across industry and geography, over a four year investment period. We will make 6-8 investments in each of the first two years and then do some selected follow-on investments in those companies in years three and four. We are excited about this model, building on two pilots in the United States and Europe (the Rising Tide Pilots) with nearly 200 women, which made 18 investments. Together, we are creating the next wave of educated and trained angel investors focused on both social impact and financial returns, which are investing in underrepresented entrepreneurs.

Total investments
9
Lead investments
0
Investments · 12mo
1
Active investors
4

Sector focus

  • Impact Investing
  • Venture Capital
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Investment portfolio

  • Camera Intelligence

    Participated · Seed · Sep 2025

    Camera Intelligence is integrating an LLM-driven AI assistant directly into a Micro Four Thirds mirrorless camera that connects to smartphones. The system enables voice control of camera functions and local content-editing tasks such as colour grading and style selection, aiming to simplify production for solo creators and small businesses. The company uses the latest AI processing chips to create a vertically integrated AI technology stack that supports rapid experimentation and embedded AI software. Founded in 2021 and based in London, Camera Intelligence aims to transform cameras from passive observers into intelligent collaborators. The €1.7 million Seed round will accelerate development of its integrated AI-native camera and content-editing solutions. Camera Intelligence plans to launch its LLM functionality to iOS users in autumn 2025.

  • FutureMoney

    Participated · Seed · Oct 2024

    FutureMoney is a Boston-based digital micro-investing platform that helps families invest for their children and create generational wealth. Founded in 2023 by fintech veterans Philip Barrar and Dave Fortin, the company’s signature offering is the Junior Roth IRA™, a proprietary, tax-advantaged account service that leverages 529 plans and can transition to a Roth IRA after 15 years. Accounts are held with Pershing | BNY Mellon and carry $500,000 of SIPC insurance. The company plans to use the new funding to drive user acquisition through social platforms, influencer partnerships, curated affiliates, earned media, and a double-sided incentive program. FutureMoney was selected for the gener8tor Insurance & Wealth accelerator in partnership with Allianz Life and Securian Financial. The product aims to make investing more inclusive and accessible to the average family by providing a tax-advantaged, transitionable account tailored for minors.

  • Localized

    Participated · Seed · Jun 2021

    Localized operates a career-tech platform that enables employers to recruit from schools without attending in-person career fairs and gives students industry insights from professionals who share their language and roots. The company was founded in 2017 by Ronit Avni and has operations in MENA. Localized focuses on unlocking educated talent for global companies and improving the student-to-employer hiring pipeline. The startup says traction was accelerated by COVID as companies seek diverse, remote talent sourcing channels. Financially, Localized has just secured a $2.2M Seed investment round. The funding is positioned to help the team scale its platform and expand its reach among employers and university programs. Localized uses technology to bring career guidance to college students in emerging markets, connecting them with mentors and associations as they seek employment after graduation. The platform is multilingual and operates in Arabic and English. Localized is live in the Middle East and North Africa across more than 65 career centers, universities and student organizations. The service targets students transitioning from college to the workforce. The company announced plans to expand to India this year. It recently closed a $1.2 million funding round.

  • Stony Creek Colors

    Participated · Series B · Mar 2021

    Stony Creek Colors manufactures plant-derived natural indigo dye using proprietary seed genetics and extraction processes. Since its inception in 2012, the company has developed strategic farm partnerships to provide brand customers with a fully transparent seed-to-factory supply chain. Led by founder and CEO Sarah Bellos and based in Springfield, TN, Stony Creek serves brand customers with high-performing plant-derived dyes. In February 2022 the company raised $4.8M in a Series B2 round. The company intends to use the funds to further refine its proprietary plant-derived indigo system and scale up production. Stony Creek Colors develops and supplies a proprietary, high-purity natural indigo dye grown from a company-developed indigo plant variety. The firm’s BioPreferred-certified, plant-based indigo is free of hazardous chemicals commonly used in synthetic indigo production. Stony Creek has scaled cultivation on land formerly used for tobacco and positions its crop as a high-margin rotation opportunity that can sequester carbon and reduce fertilizer needs. The company targets denim mills and broader textile, food, and beverage markets seeking natural, eco-friendly colorants. Under CEO and founder Sarah Bellos, Stony Creek became the first U.S. company to grow indigo at a commercial scale usable by the denim industry. The company recently closed a new financing round to fund geographic expansion of its indigo-producing crops and processing capabilities.

  • Solstice

    Participated · Equity · Jan 2021

    Solstice develops customer acquisition, enrollment, and subscriber management solutions for the community solar industry, including financing innovations to expand access for underserved communities. The company created EnergyScore, a machine learning–based qualification metric that combines utility payment history and customer data to better predict subscriber bill payment behavior. Solstice says EnergyScore outperforms FICO in early analysis of nearly 875,000 customer records, reducing default rates by 1.9 percentage points and increasing qualification of LMI households by 14%. The company plans to design dynamic monitoring and evaluation frameworks to mitigate bias in the model and to recruit pilot partners with residential solar financiers or developers later this year. Solstice offers a frictionless subscriber management software platform and aims to bring community solar to households that cannot support rooftop systems. Founded by women of color in 2016 and originally based in Cambridge, Massachusetts, Solstice positions itself as an advocate for energy equity. Solstice Power Technologies is a Cambridge, MA-based software and customer management company that connects households and community organizations to community solar. Its platform lets local residents enroll in portions of centralized shared solar farms for free without home installations and offers guaranteed savings on monthly utility bills. Solstice’s software manages the end-to-end customer experience for the life of 20-year renewable energy projects on behalf of developers and financiers, from customer enrollment to billing/crediting and ongoing engagement. The company has generated demand for 111 MW of clean energy across 25 community renewable projects, representing the environmental equivalent of not burning 31 million pounds of coal. Solstice closed a $3.1M funding round and intends to use the funds to expand operations to additional states in 2021. Led by Co-Founder and CEO Steph Speirs, the company is initially focusing on Illinois, Massachusetts, New York, Maine, and New Jersey.

Team