Two years ago, I started Moxxie Ventures to help fund more exceptional founders building businesses that make life and work better. I’ve been honored to back 27 amazing companies including those making remote work easier, women’s health care better, and conversations more meaningful. Working alongside these inspiring founders has been one of the highlights of my career and I’m excited to double down.
To that end, I’m thrilled to share that Alex Roetter has joined Moxxie as an equal General Partner. I’ve known and worked with Alex over the past 18 years. We met at Google in 2003 where Alex was an engineer working on the ads product and I was a PM building Google Finance. Coincidentally, we both joined Twitter in 2010, and spent 6 years working closely together to build and scale the product around the world. After Twitter, we collaborated on early investing opportunities as angel investors. Over the years, I have always leaned on Alex for his technical acumen, honesty and clear thinking. And now that I know how important it is for early-stage companies to have a technical co-founder - I feel like I have one, too!
Last week, Alex and I closed on Moxxie II, an $85M fund with the same thesis as Moxxie I. We are excited to back a new generation of diverse founders who will help us make life and work better. In addition, we’re very interested in climate tech and want to ensure every company we back is climate positive.
We’re proud of where our capital comes from. We were intentional about having an investor base who will use our returns for important causes. Our largest investors represent foundations for nonprofits, hospitals and endowments. Lastly, we wanted to ensure our own cap table reflected the diversity we want to see in the companies we back. In Moxxie II, women make up 46% of our LPs (and 68% of the capital) and 18% of our LPs are BIPOC (and make up 29% of the capital raised). Our LPAC is 80% female and 40% BIPOC.Â
Now, back to work! We look forward to returning our focus to investing and supporting our portfolio full-time. Founders, we’d love to hear from you! DM us @MoxxieVentures or email us at hello@moxxie.vc.Â