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The Venture Codex

Pershing Square Foundation

733 3rd Avenue, New York, NY, 10017, United States

Overview

The Pershing Square Foundation supports non-profit and for-profit organizations assigned to social change across multiple areas of interest.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Communities
  • Non Profit
  • Social
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Investment portfolio

  • Ualá

    Participated · Series E · Nov 2024

    Ualá operates as a digital bank and fintech that serves retail customers across Latin America, reporting 11 million customers with the majority in Argentina. The company provides banking services and has been expanding its product set in new markets, including offering access to U.S. stocks and ETFs. Ualá is navigating a recent tougher credit cycle in Argentina, where rising defaults followed rapid loan growth and higher interest rates, and expects Argentine operations to return to breakeven as credit quality improves. It is pursuing geographic expansion into Mexico and Colombia, taking a cautious lending approach in Mexico while adding new products. The financing announced in March and participation from investors is intended to strengthen Ualá's balance sheet and support that regional growth strategy.

  • Aunt Bertha

    Participated · Equity · Jun 2021

    Aunt Bertha operates closed-loop social care networks and runs findhelp.org, a large social care network with over 470,000 program locations and at least 1,295 vetted listings accessible in every U.S. ZIP code. Its Marketplace product lets customers order social goods and services and supports eligibility screening, outcome tracking, payments and invoicing. Marketplace implementations include powering car seat orders for Medicaid members in Texas, food box delivery orders in Pennsylvania and Uber rides to vaccination sites for Beaumont Health in Michigan. The company offers both free and paid products for social care providers and plans to enhance those products and expand its marketplace. Aunt Bertha said it will invest the proceeds in building more product features and functionality and in growing community engagement, learning and peer leadership among social workers and helpers. The company is led by Founder and CEO Erine Gray and was founded in 2010 in Austin, TX. Aunt Bertha runs a nationwide online search and referral platform that connects individuals to Community Based Organizations (CBOs) and delivers enterprise tools for identifying social needs, targeting interventions, closing referral loops, and reporting. The platform serves more than two million users across all 50 states and more than 175 customers, including health systems, health plans, school systems, government agencies and nonprofit organizations. Rapid adoption has coincided with rising awareness of Social Determinants of Health (SDoH) as health systems shift toward value-based care. The company positions itself as a thought partner to customers seeking to connect people to food, housing, education and other programs to improve outcomes and reduce unnecessary healthcare utilization. Aunt Bertha is hiring to grow its Austin-based team, recruiting product managers, engineers and account executives as it expands. Aunt Bertha is an Austin, TX-based social services search and referral platform that helps people find and apply for social services in the United States. Led by CEO Erine Gray, the consumer site AuntBertha.com has been used by more than 207,500 people. The company also sells a premium version of the platform to employers of large groups of social workers and case managers. Aunt Bertha raised $5M in a Series B financing to expand operations. The round was led by Techstars Ventures, and in conjunction with the funding Jason Seats, a partner at TSV, will join Aunt Bertha's board.

  • Watsi

    Participated · Equity · Nov 2015

    Watsi operates a crowdfunding platform that channels 100% of patient donations to pay for medical procedures and maintains a structured electronic medical record system for partner hospitals. The platform profiles patients and hospitals to enable ongoing due diligence and outcome tracking, including metrics like 30‑day readmission. Watsi has supported over 5,000 patients in 20 countries and aims to reach 1 million patients by 2020. The organization plans to hire engineers to improve donor experience and build a social giving product and a licensable platform. Revenues from licensing the donation platform are intended to cover future operational costs and reduce the need for philanthropic operational rounds. The current $3.5M donation is explicitly intended to fund operations and platform development so Watsi can focus future fundraising on patient donations. Watsi is a San Francisco, CA-based global crowdfunding platform for healthcare that enables users to donate as little as $5 to directly fund life-changing medical care for people in need. The company raised $1.2M in funding. Backers included Paul Graham, Tencent, Y Combinator, Ron Conway, Vinod Khosla, Draper Richards Kaplan Foundation, Joe Greenstein, Eric Wu, Geoff Ralston, Uprising, Jasmine Social Investments, InnoSpring/TEEC Angel Fund and Michael Sidgmore. The company intends to use the funds to support operations. It is Y Combinator-backed. The team leadership cited in the article includes Chase Adam (Vision), Jesse Cooke (Tech), Grace Garey (Marketing) and Howard Glenn (Partnerships). Watsi is a nonprofit crowdfunding platform that lets donors directly fund low-cost, high-impact medical treatments using a Kickstarter-like model. Donors can give as little as $5 and connect personally with beneficiaries via individual profiles that describe each person’s condition and needs. The organization works with doctors, providers and payors to secure donated time, materials and equipment to reduce overhead and leverage lower procedure costs abroad. Watsi.org funds operational costs separately and the site pays credit-card processing fees so that 100% of crowd donations go to patient treatments. Early traction includes 75 treatments funded, about $60,000 raised for patients from 1,300 donations, operations in eight countries, 20% of donors returning for a second gift, 30% of giving from outside the U.S., and roughly 28% average week-over-week growth. Y Combinator’s backing and public endorsements from figures like Paul Graham and a philanthropic contribution from Ron Conway provide validation and support for scaling.

Team

No current team members are available.