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§ Venture Capital · San Francisco Bay Area, CA, USA
Miami-based 501(c)6 non-profit collective of early-stage technology investors co-investing in software companies for business and finance.
Function has raised $10.0M across 1 funding round.
Key people at Function.
Function was founded in 2019 by Monica Black (Founder & Managing Director).
Function has raised $10.0M in total across 1 funding round.
Function is a Miami, Florida-based collective of early-stage technology investors that strategically co-invests alongside established venture capital firms to support emerging software-driven companies. The organization primarily targets early-stage startups operating within the broader business and finance sectors, focusing its investment mandate on technological innovation across the Western Hemisphere. Operating formally as a registered 501(c)6 non-profit entity, the group enables its individual members to allocate capital directly into the venture asset class while mitigating traditional fund structures. The collective receives financial backing and strategic support from the Knight Foundation to facilitate its ongoing operations, deal syndication, and community-building initiatives. Beyond direct capital deployment, the organization fosters a localized investor network through collaborative deal-sharing, proprietary educational content, and regional networking events designed to strengthen the local technology ecosystem. Function was founded by current Managing Director Monica Black.
Function was founded in 2019 by Monica Black (Founder & Managing Director).
Function has raised $10.0M in total across 1 funding round.
Function's investors include Antalpha, Jason Urban, Mantle.
Key people at Function.
Function has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Seed in July 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 16, 2025 | $10M Seed | — | Antalpha, Jason Urban, Mantle | Announced |
An investment firm typically has a mission centered on generating financial returns while often integrating strategic goals such as fostering innovation or supporting specific sectors. Its investment philosophy guides how it selects opportunities, balancing risk and growth potential. Key sectors might include technology, healthcare, climate, or other emerging industries. The firm impacts the startup ecosystem by providing capital, mentorship, and network access, thereby enabling startups to scale and innovate.
A portfolio company builds a specific product or service aimed at solving a defined problem for a target customer base. It serves users ranging from consumers to enterprises, addressing pain points such as inefficiency, cost, or unmet needs. Growth momentum is reflected in metrics like revenue increase, user adoption, or market expansion, signaling the company’s trajectory and potential.
For an investment firm, the origin story includes its founding year, the backgrounds of key partners, and how its focus has evolved—perhaps from general venture investing to specialized sectors or impact investing. This narrative provides context for its strategic decisions and culture.
For a portfolio company, the story involves the founders’ backgrounds, the genesis of the idea (often from personal experience or market gaps), and early milestones such as initial funding, product launches, or customer wins. This humanizes the company and highlights its foundational strengths.
For firms, differentiators include:
For companies, differentiators might be:
Both firms and companies ride broader trends such as digital transformation, AI adoption, climate tech, or health innovation. Timing matters because market readiness, regulatory environments, and technological maturity influence success. Market forces like increasing capital availability, talent concentration, and policy support create favorable conditions. Their influence extends by shaping industry standards, fostering innovation clusters, or driving ecosystem growth through partnerships and knowledge sharing.
Looking ahead, firms may expand into new sectors, deepen impact measurement, or leverage AI for deal sourcing. Companies might scale globally, diversify product lines, or enhance sustainability practices. Emerging trends such as ESG integration, AI-native solutions, and ecosystem connectivity will shape their journeys. Their evolving influence will likely amplify through ecosystem leadership, innovation acceleration, and value creation.
This framework provides a comprehensive lens to understand an investment firm or portfolio company’s identity, impact, and trajectory within the startup ecosystem.
