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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
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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.

Team

  • Faye Nelson

    Michigan Director

    LinkedIn
  • Cynthia Muller

    Director, Mission Driven Investment

    LinkedIn
  • Michael D. Murphy

    Vice President For Communications

  • Shanelle Brown

    Director of Investments

    LinkedIn