Introduction
Gaingels is one of the world’s largest and most active LGBTQIA+/Allies venture investment syndicates. Founded in 2014, Gaingels aims to drive social change by supporting and promoting diversity and inclusion within the venture capital ecosystem. The firm focuses on investing in companies that embrace diverse leadership and inclusive practices, working to ensure that underrepresented communities have access to capital and opportunities for growth. With over $850 million deployed into more than 2,000 companies since 2019, Gaingels has established itself as a leader in fostering equitable representation and driving top-tier returns through a diverse portfolio.
Key Staff Members – Investors
Paul Grossinger – Co-Founder & General Partner
David Beatty- Co-Founder & General Partner
Lorenzo Thione – General Partner
Jake Prigoff, M.D. – General Partner
Key (AEC) Tech Investments
EquipmentShare
EquipmentShare is a technology-driven construction equipment rental company that has built an integrated platform to help contractors rent and track equipment, manage projects, and optimize asset utilization. Gaingels’ investment in EquipmentShare reflects its commitment to supporting companies that leverage technology to solve real-world problems in the construction industry.
EquipmentShare’s platform has revolutionized the way contractors manage their equipment, reducing downtime and increasing productivity. The company has experienced rapid growth and is widely recognized for its innovative approach to equipment management and rental services in the AEC sector.
Mighty Buildings
Mighty Buildings is a construction technology company that uses 3D printing and automation to build sustainable, cost-effective homes. Gaingels’ investment in Mighty Buildings aligns with its mission to support companies that are pioneering new methods in the construction industry.
Mighty Buildings has gained attention for its ability to produce homes faster, with less waste, and at a lower cost compared to traditional construction methods. The company’s technology is seen as a game-changer in the push towards more sustainable building practices, and it has attracted significant interest as a leader in the future of housing.
ALICE Technologies
ALICE Technologies is an AI-powered construction planning platform that helps construction teams optimise project schedules and resources. Gaingels’ investment in ALICE Technologies highlights its focus on companies that use advanced technology to improve efficiency and decision-making in construction projects.
ALICE’s platform allows teams to simulate millions of construction sequences and select the most efficient plan, reducing delays and cost overruns. This technology has been instrumental in helping construction firms tackle complex projects with greater precision and confidence, making ALICE Technologies a key player in the digital transformation of the construction industry.
Focus Area In Construction Tech
Gaingels focuses on investing in companies that prioritize diversity, equity, and inclusion (DEI). The firm seeks out ventures with diverse founding teams and leadership structures, ensuring that these companies not only succeed financially but also contribute to social change. Key areas of interest include technology, healthcare, B2B services, and consumer products. Gaingels is particularly keen on supporting early-stage startups through growth and pre-IPO stages, emphasizing the importance of diverse and inclusive teams at all levels.
The firm also runs several initiatives to promote diversity within its portfolio companies. These include the **Gaingels Venture Inclusion Program** (VIP), which provides resources for minority candidates to gain board positions, and the **Gaingels Scholarships**, aimed at supporting underprivileged LGBTQIA+ and minority students. These programs reflect Gaingels’ commitment to creating a pipeline of diverse talent in the venture ecosystem.
Investment Strategy
Gaingels employs a co-investment strategy, partnering with leading venture capital firms to invest in competitive and oversubscribed rounds. This approach allows Gaingels to leverage the expertise and networks of established VC firms while ensuring that their portfolio companies benefit from diverse and inclusive leadership. The firm is dedicated to not just providing capital, but also actively supporting their portfolio companies in building inclusive teams and cultures.
Gaingels emphasizes long-term partnerships, often continuing to invest in subsequent funding rounds to support the growth and success of their portfolio companies. This sustained investment strategy ensures that companies have the resources they need to scale while maintaining their commitment to diversity and inclusion.
Through their investments, Gaingels aims to demonstrate that equity of access and representation in venture capital can deliver outstanding financial returns. The firm believes that by fostering an inclusive venture ecosystem, they can drive innovation and create lasting social change.
For more detailed information, you can visit Gaingels’ official website.
Investment Metrics
Correct as of August 2024.
AEC-Tech Activity
Number of early AEC-Tech Unicorns: 0
AEC-Tech Rank: 17
Deal Activity
Number of deals in last 12 months (incl. follow-ons): 62
Number of deals per year in last 3 years (average, incl. follow-ons): 123
