Global Innovation Fund

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
May 1, 2025	Quantum Systems	$180.0M Series C	—	Afore Capital, Alpine Space Ventures, Andreessen Horowitz, Anthemis Group, Balderton Capital, Browder Capital, Countdown Capital, CRV, Fireside Ventures, Founders Fund, Hanabi Capital, HV Capital, Innovation Endeavors, LombardStreet Ventures, Mosaic Ventures, Mucker Capital, Glenn Solomon, Notion Capital, Pareto Holdings, Project A Ventures, Propeller VC, SCOR Ventures, #SecretFund, Sequoia Capital, Spark Capital, Vsquared Ventures, World Fund, Cory Levy, Dwipal Desai, Fritz Demopoulos, Jeff Bezos, Julian Stiefel, Julian Weselek, Richard Laxer, Rob Theis, Rolf Schrömgens, Thijn Lamers
Apr 1, 2025	Browserbase	$40.0M Series B	—	Andreessen Horowitz, Balderton Capital, CRV, Hanabi Capital, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Notable Capital, Propeller VC, Dwipal Desai, Jeff Bezos, Rob Theis
Feb 1, 2025	DevAI	$6.0M Seed	—	9Yards Capital, Adeyemi Ajao, Rexhep Dollaku, Base10 Partners, Benchstrength, Construct Capital, Emergence Capital, Greenoaks Capital, Kamay Ventures, Next Ventures, Pear VC, Precursor Ventures, Ride Ventures, TCV, Ankit Jain, Arash Ferdowsi, Evan Moore, Felipe Villamarin, Juan Pablo Ortega, Jun Hwang, Luc Vincent, Simon Borrero
Jan 1, 2025	Instabase	$100.0M Series D	—	Kevin Hartz, Addition, Andreessen Horowitz, Balderton Capital, CRV, Greylock, Hanabi Capital, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Propeller VC, Dwipal Desai, Frederic Kerrest, Jeff Bezos, Rob Theis
Dec 1, 2024	Cartesia	$22.0M Series A	—	Andreessen Horowitz, Balderton Capital, Conviction Partners, CRV, Cyberstarts VC, Greylock, Hanabi Capital, Index Ventures, Innovation Endeavors, Insight Partners, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Propeller VC, Dwipal Desai, Jeff Bezos, Rob Theis
Dec 1, 2024	Litlyx	$120K Seed	—	Outrun Ventures, Evelyn Bourke
Nov 1, 2024	Kong	$180.0M Series E	—	Abstract Ventures, Kevin Hartz, AirAngels, Alt Capital, Andreessen Horowitz, Awesome People Ventures, Balderton Capital, C2 Investment, Citi Ventures, CRV, Earl Grey Capital, Framework Ventures, Gradient Ventures, Greylock, Hanabi Capital, ICONIQ Capital, Innovation Endeavors, iNovia Capital, Insight Partners, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Notable Capital, Not Boring Capital, Pantera Capital, Paradigm, Propeller VC, Radical Ventures, Seed Club Ventures, Silverton Partners, Supercharge.vc, Sweater Ventures, Vibe Capital, Aaron Levie, Allison Pickens (Allison Pickens Ventures), Ameet Patel, Amit Agarwal, Arash Ferdowsi, Balaji Srinivasan, Charlie Cheever, Christian Reber, Christina Cacioppo, Dwipal Desai, Dylan Field, Frederic Kerrest, James Beshara, Jawed Karim, Jeff Bezos, John Collison, Julia Hartz, Mark Cuban, Rob Theis, Scott Belsky, Tobias Lutke, Yoshua Bengio
Apr 1, 2024	DevAI	$1.0M Seed	—	Construct Capital, Emergence Capital, Pear VC, Precursor Ventures, Ankit Jain, Arash Ferdowsi, Evan Moore
Apr 1, 2024	Superpower	$4.0M Seed	—	20VC, Advancit Capital, Astanor Ventures, Blockchain Capital, Bread and Butter Ventures, Buckley Ventures, Cultivation Capital, Matt Ocko, DX Ventures, Emergence Capital, Jenny Fielding, Scott Hartley, Forerunner Ventures, Founders Fund, GFT Ventures, Gradient Ventures, Long Journey Ventures, NFX, Oak HC/FT, Pantera Capital, Pareto Holdings, Pear VC, Pioneer Fund, Polychain Capital, Precursor Ventures, Revolution, Saga, Seaside Ventures, Seven Seven Six, SOSV, Summit Partners, Trammell Venture Partners, Visible Ventures, Winklevoss Capital, Balaji Srinivasan, Cameron Teitelman, Evan Moore, Gokul Rajaram, Jaffray Woodriff, Joi Ito, Logan Paul, Mattia Astori, Peter Bell, Sam Altman, Scott Banister, Shane Curran, Stephen Cole, Steve Aoki, Steve Olechowski, Tom Blomfield
Feb 1, 2024	Reset Financial Technologies	$2.0M Seed	—	Andreessen Horowitz, Costanoa Ventures, Emergence Capital, Flybridge Capital Partners, Forerunner Ventures, Golden Ventures, Latitud, LGF, MATH Venture Partners, Nazca Ventures, Pear VC, Pioneer Fund, Portage Ventures, Precursor Ventures, QED Investors, Quona Capital, Two Sigma Ventures, Y Combinator, Zeal Capital Partners, Esther Dyson, Evan Moore, Immad Akhund, Louis Beryl, Roger Dickey, Tim Griffin
Dec 1, 2023	Positron Networks	$730K Seed	—	Ulu Ventures, Tim Ranzetta
Jun 1, 2023	Instabase	$45.0M Series C	—	11k Ventures, Kevin Hartz, Addition, Andreessen Horowitz, Balderton Capital, BDC Venture Capital, Costanoa Ventures, CRV, Founders' Co-op, Greylock, Hanabi Capital, IA Ventures, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Plug & Play Ventures, Propeller VC, Spark Capital, Supply Change Capital, Tribe Capital, Dwipal Desai, Dylan Taylor, Frederic Kerrest, Jeff Bezos, Rob Theis
Jun 1, 2022	Delphia	$60.0M Series A	—	2048 Ventures, Accelerator Ventures, Aglae Ventures, Broom Ventures, Daffy, Day One Ventures, Eigenspace, Founder Collective, G20 Ventures, Galaxy Digital, Golden Ventures, Hack VC, Harrison Metal, IA Ventures, Lerer Hippeau, M13, MS&AD Ventures, Multicoin Capital, Scott Sandell, Paradigm, Pareto Holdings, Polychain Capital, Ribbit Capital, Shine Capital, Solana Ventures, Soma Capital, Staircase Ventures, Tenacity Venture Capital, The General Partnership, Trajectory Ventures, Tribe Capital, True Ventures, Y Combinator, Arash Ferdowsi, Brian Totty, David Rogier, Elie Seidman, Helen Liang, Luc Levesque, Mark Williamson, Tobias Lutke, Tom Williams
May 1, 2022	CreatorOS Inc	$8.0M Series A	—	Accelerator Ventures, Bam Ventures, Daffy, Founder Collective, Harrison Metal, Jungle Ventures, Multicoin Capital, Outliers Capital, Polygon, Shine Capital, Solana Ventures, Tribe Capital, Unpopular Ventures, White Star Capital, Brian Totty, David Rogier, Elie Seidman, Kevin Lin, Luc Levesque, Mark Williamson, Samvit Ramadurgam
Apr 1, 2022	Hydra Host	$10.0M Seed	—	Accelerator Ventures, Arrive, Atlantic Bridge University Fund, Bennu, Browder Capital, Daffy, Flex Capital, Founder Collective, GateCap Ventures, Gigascale Capital, Greylock, Harrison Metal, Helium-3 Ventures, Horizon 3 Venture Studio, KHOCEL INVEST, Mechanism Capital, Multicoin Capital, Operator Ventures, Ribbit Capital, Seraphim Space, Shine Capital, Silicon Ventures, Solana Ventures, StillMark, TenOneTen Ventures, Todd and Rahul's Angel Fund, Trammell Venture Partners, Unpopular Ventures, UP.Partners, Aaron Levie, Amy Chang, Baron Davis, Brian Totty, Curtis Lee, David Rogier, Dylan Field, Elie Seidman, Elliot Shmukler, Eric Wei, Eric Wu, Gina Bianchini, Gokul Rajaram, Harris Barton, Hunter Horsley, Johannes De Waal, Joshua Reeves, Luc Levesque, Mark Pincus, Mark Williamson, Matias Woloski, Matthew Dellavedova, Sahin Boydas, Scott Kleper, Stephen Cole, Trevor Blackwell
Aug 1, 2021	Metaphor	$130K Seed	—	Andreessen Horowitz, Balderton Capital, CRV, FAST — by GETTYLAB, Hanabi Capital, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Propeller VC, Dwipal Desai, Jeff Bezos, Rob Theis
Jun 1, 2021	Hertility Health	$9.0M Seed	—	LocalGlobe, Outrun Ventures, Union Square Ventures, Martin Olczyk
May 1, 2021	Taksh It Solutions Private Limited	$3K Series A	—	Andreessen Horowitz, Balderton Capital, CRV, Hanabi Capital, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Propeller VC, Dwipal Desai, Rob Theis
Apr 1, 2021	Monit	$5.0M Seed	—	1982 Ventures, Altari Ventures, Coelius Capital, FINTOP Capital, Operate, QED Investors, RiverPark Ventures, Truist Ventures, TTV Capital, Joe Proto
Feb 1, 2021	talkshoplive	$3.0M Seed	—	Baukunst, IA Seed Ventures, Spero Ventures
Feb 1, 2021	Kong	$100.0M Series D	—	Abstract Ventures, Kevin Hartz, Andreessen Horowitz, Balderton Capital, C2 Investment, CRV, Framework Ventures, Greylock, Hanabi Capital, Innovation Endeavors, iNovia Capital, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Notable Capital, Pantera Capital, Paradigm, Propeller VC, Seed Club Ventures, Silverton Partners, Sweater Ventures, Aaron Levie, Ameet Patel, Amit Agarwal, Arash Ferdowsi, Balaji Srinivasan, Charlie Cheever, Christina Cacioppo, Dwipal Desai, Dylan Field, Frederic Kerrest, Jawed Karim, Jeff Bezos, John Collison, Julia Hartz, Mark Cuban, Rob Theis, Tobias Lutke, Yoshua Bengio
Dec 1, 2020	Taksh It Solutions Private Limited	$36K Series A	—	Andreessen Horowitz, Balderton Capital, CRV, Hanabi Capital, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Propeller VC, Dwipal Desai, Rob Theis
Mar 1, 2020	Kyash	$43.0M Series C	—	Accel, AngelPad, Atman Capital, Brighter Capital, Broadhaven Capital Partners, Canaan Partners, Conductive Ventures, CRV, DST Global, Flex Capital, Founders Circle Capital, Global Founders Capital, Goodwater Capital, Khosla Ventures, Kleiner Perkins, Lobby Capital, Norte Ventures, Origin Ventures, Partech Ventures, Pear VC, Quona Capital, Rainfall Ventures, Sequoia Capital, Softbank Group, Streamlined Ventures, Tekton Ventures, Valor Capital Group, WGI Group, Y Combinator, Anthony Soohoo, Ariel Lambrecht, Guilherme Bonifacio, Jared Kopf, Justin Mateen, Kamiar Kordari, Michael Abramson
Feb 1, 2020	Reddit	$370.0M Series E	—	Partners Resolute, Serena Ventures, Carmelo Anthony (Melo7 Tech Partners), Abstract Ventures, Alumni Ventures, Andreessen Horowitz, Atomic, CRV, DFJ Growth, DST Global, Eric Ries, Founders Circle Capital, General Catalyst, Jeffrey Lee, Khosla Ventures, Kleiner Perkins, Marc Benioff, Menlo Ventures, Othman Laraki, Pear VC, Quiet Capital, Sequoia Capital, Softbank Group, Streamlined Ventures, Y Combinator, ZhenFund
Oct 1, 2019	Instabase	$110.0M Series B	—	11k Ventures, Kevin Hartz, Addition, Andreessen Horowitz, Balderton Capital, BDC Venture Capital, Costanoa Ventures, CRV, Founders' Co-op, Greylock, Hanabi Capital, IA Ventures, Index Ventures, Innovation Endeavors, LombardStreet Ventures, Mucker Capital, Glenn Solomon, Plug & Play Ventures, Propeller VC, Spark Capital, Supply Change Capital, Tribe Capital, Dwipal Desai, Dylan Taylor, Frederic Kerrest, Jeff Bezos, Rob Theis

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Global Innovation Fund.

Russell Siegelman

Leadership Team

Key people at Global Innovation Fund.

Russell Siegelman

Deep Dive

High-Level Overview

The Global Innovation Fund (GIF) is a non-profit, social impact-first investment fund dedicated to finding, funding, and scaling cost-effective, evidence-based innovations that improve the lives of people living on $5 a day or less in developing countries. Its mission is to back innovations—ranging from new business models and technologies to policy practices and behavioral insights—that can deliver measurable social impact at scale. GIF invests across sectors including agriculture, health, education, gender equality, climate resilience, and youth skills development, primarily focusing on sub-Saharan Africa and Southeast Asia. It uses a tiered financing model, deploying grants, loans, and equity investments from $50,000 up to $15 million to support innovators at all stages, from pilot to scale, with an emphasis on rigorous evidence and impact measurement[1][2][4][6].

Origin Story

GIF was established as an independent vehicle by the UK and US governments, with funding from multiple donors including DFID (UK), USAID (US), DFAT (Australia), SIDA (Sweden), and DST (South Africa). It was created to overcome the constraints faced by traditional government aid agencies and to provide flexible, risk-tolerant capital to social innovations. Since its founding, GIF has evolved to deepen its geographic focus on markets where the poor live and where private capital is scarce, mainly sub-Saharan Africa and Southeast Asia. It has built a portfolio of over 40 investments, supporting a diverse range of social innovations with the potential for large-scale impact[1][2][4].

Core Differentiators

Unique Investment Model: GIF uses a tiered, staged financing approach that matches funding size and risk to the innovation’s development stage, allowing it to take early risks and scale proven solutions.
Flexible Capital Types: It offers grants, loans (including convertible debt), and equity, enabling tailored support for different innovators and business models.
Rigorous Evidence Focus: GIF requires strong evidence of impact and uses real-time data to adapt investments, emphasizing innovations that generate measurable social benefits.
Sector and Geographic Breadth: Open to any sector relevant to international development and any developing country, with strategic focus on regions with high poverty and limited capital access.
Impact-Driven: Prioritizes innovations that improve lives of those living under $5/day, with special attention to gender equality and climate resilience.
Scaling Commitment: Actively supports innovations through all stages to scale solutions to millions, leveraging partnerships with private sector, governments, and philanthropy[2][4][5][6][8].

Role in the Broader Tech Landscape

GIF rides the global trend of impact investing and innovation for development, addressing systemic challenges in poverty alleviation through market-based and evidence-driven solutions. The timing is critical as developing countries face urgent needs for scalable, cost-effective innovations in health, agriculture, education, and climate adaptation amid constrained public resources. GIF’s approach helps de-risk innovations for private investors and governments, catalyzing broader ecosystem growth and encouraging adoption of proven solutions. By focusing on rigorous evidence and scaling potential, GIF influences the development finance landscape toward more effective, innovation-led impact[1][2][4][5].

Quick Take & Future Outlook

Looking ahead, GIF is poised to deepen its impact by expanding investments in climate resilience and gender equality innovations, areas increasingly critical due to global environmental and social challenges. Its tiered financing model and evidence-based approach will remain central to managing risk and maximizing social returns. As developing markets evolve, GIF’s role as a catalyst for private sector engagement and government adoption of innovations will likely grow, helping to bridge funding gaps and accelerate sustainable development. The fund’s continued focus on scaling proven solutions promises to extend its influence and improve millions of lives worldwide, reinforcing its position as a key player in the global innovation-for-development ecosystem[5][8].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: GIF uses a tiered, staged financing approach that matches funding size and risk to the innovation’s development stage, allowing it to take early risks and scale proven solutions.
Flexible Capital Types: It offers grants, loans (including convertible debt), and equity, enabling tailored support for different innovators and business models.
Rigorous Evidence Focus: GIF requires strong evidence of impact and uses real-time data to adapt investments, emphasizing innovations that generate measurable social benefits.
Sector and Geographic Breadth: Open to any sector relevant to international development and any developing country, with strategic focus on regions with high poverty and limited capital access.
Impact-Driven: Prioritizes innovations that improve lives of those living under $5/day, with special attention to gender equality and climate resilience.
Scaling Commitment: Actively supports innovations through all stages to scale solutions to millions, leveraging partnerships with private sector, governments, and philanthropy[2][4][5][6][8].