Women-led VC Globivest achieves first closing to invest in companies where impact meets profit

🌍 Say hello to Globivest! They’re a women-led VC firm based in Lebanon, that just achieved a first closing for their Fund II for an undisclosed sum!

• Founded in 2016 by Jasmine Busson, Globivest started as a family office targeting tech investments, but has since transitioned to to a VC firm deploying capital in companies where impact meets profit.
• The Globivest family office fund has a portfolio that includes over 50 companies, such as Yoco, Lifebit, Legacy, Eight Sleep, and Karma Check.

💰 Fund size: Reached two-thirds of their $25-30 million fund goal in six months.

⚙️ Break it down 

In late 2022, Jasmine Busson (a recent Kauffman Fellow) transitioned the Globivest family office into Lebanon's first women-led fund, Fund II, aimed at external LPs with a focus on impact-driven investing.

This fund targets early-stage startups in social inclusion, education, health, and the environment, from pre-seed to Series A stages.

Aligning with the WHO's "One Health" approach, Globivest invests in companies that promise financial returns and positive impacts in health and the environment.

🔥 Fighting forest fires

Globivest Fund II's first investment, Vibrant Planet, raised $15M in a Series A round in October 2023.

Led by Allison Wolff, the company aims to use AI and data for wildfire mitigation, promoting ecosystem restoration through the introduction of "good fire" to the land.

• The round saw participation from Ecosystem Integrity Fund, Microsoft’s Climate Innovation Fund, Citi Ventures, Day One Ventures, and SIG Climate, highlighting significant support for Vibrant Planet's mission and team.

🔮 Flashforward: 

Heading into its second closing in early 2024, Globivest remains committed to merging impactful investments with financial returns.