W.K. Kellogg Foundation
1 Michigan Ave. East, Battle Creek, MI, 49017, United States
Overview
The W.K. Kellogg Foundation (WKKF) convenes the inaugural class of the WKKF Community Leadership Network.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Association
- Communities
- Education
Investment portfolio
- Founders First
Participated · Series A · Nov 2021
Founders First Capital Partners provides revenue-based funding, business acceleration, coaching, and post-funding advisory to underserved and diverse-led small businesses. Its core product pairs flexible RBF (payments that vary with monthly revenue) with a proprietary performance platform offering structured growth education, financial-health services, and operating support. The company closed an oversubscribed $11 million Series A to expand capital deployment and accelerate a $100 million credit facility from Community Investment Management. Typical borrowers generate $500,000 to $5 million in annual revenue with potential to grow above $10 million, and more than 400 companies have completed Founders First programs. Participant outcomes include 71% reporting increased revenues within 12 months and 65% reporting revenue increases of 25% in six months. Founders First runs cohort-based accelerator programs (three cohorts via the Founders Business Growth Bootcamp and four cohorts via the FastPath Funding Growth Experience annually) and plans to publish an Inclusive Economy Market Report.