Loading organizations...
Hive Fund is a public foundation that allocates financial resources to organizations spearheading the transition to clean energy, emphasizing climate and gender justice. It operates by identifying and funding groups, particularly those led by women of color, that have historically faced barriers to traditional philanthropic support, thereby fostering an equitable and effective climate movement. The foundation's model directly addresses systemic inequities in funding distribution.
The organization was co-founded in 2019 by Melanie Allen and Erin Rogers. Their shared insight stemmed from a recognition of significant funding gaps for grassroots climate justice initiatives, especially those driven by Black women, Indigenous women, and other women of color. Allen brought prior experience in launching energy equity portfolios, contributing to the strategic framework for targeting underfunded yet impactful climate efforts.
Hive Fund’s primary beneficiaries are frontline community organizations and advocacy groups actively working on climate solutions and justice. The foundation aims to cultivate a resilient ecosystem of leaders and initiatives, ensuring that communities most affected by environmental injustices have the resources to drive change. Its long-term vision is to advance climate justice by empowering diverse leadership and ensuring a more equitable distribution of philanthropic capital.
HiveFund has 1 tracked investment across 1 company. The latest tracked deal is $3.5M Debt / Seed in IntelinAir in September 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 15, 2016 | IntelinAir | $3.5M Debt / Seed | — | Harvard Business School Angels OF Chicago, Mark Holdsworth, Hyde Park Venture Partners, Western Technology Investment, Wheatsheaf Group |