Women’s angel fund The JumpFund recently invested in five female-led ventures.
Managing partner Kristina Montague; general partners Cory Allison, Betsy Blunt Brown, Shelley Prevost, Leonora Williamson, Stefanie Crowe, Tiffanie Robinson; and their 43 limited partners have created the angel fund to invest in 10 to 12 early-stage companies.
The team has now invested in five projects, two of which are in Chattanooga.
More than $500,000 in equity investments has been made to date by The JumpFund, which had raised $2.5 million from women angel investors as of June.
Each of the companies below is women-led. For The JumpFund leaders, "women-led" means that there is a woman in one of the "C-suite" positions—CEO, CFO or CTO, for example. Those letters stand for chief executive officer, chief financial officer and chief technology officer, respectively.
The JumpFund’s portfolio now includes:
—SuperFanU is a mobile sports fan engagement platform.
—Feetz Inc. is a 3-D printed shoe company that targets the hard-to-fit feet market.
—International Coffee Group is launching Demours, a high-end, luxury brand coffee targeting online connoisseurs and upscale restaurants.
—Rooibee Red Tea is an original full line of bottled rooibos tea.
—eDivv is a marketplace where users trade beauty sample products.
The JumpFund’s vision is to establish Chattanooga and the Southeast as the nation’s best places for a woman to invest in or start a business, according to a news release.
"We have been overwhelmed with substantial deal flow of exceptional, high-growth, women-led companies since opening our doors last June," Montague said in a prepared statement. "The demand for new avenues for capital from women-led companies is evident and even more than we had imagined."