Chasing Rainbows

www.chasingrainbows.vc

Chasing Rainbows invests in Pre-Seed to Series A stage LGBTQ+ founded startups across four key sectors: Healthcare, Sustainability, Education, and Financial Equity & Inclusion, with 80% US-based and 20% international companies, making initial investments of $50k-$250k with follow-on opportunities.

Check Size

$50K - $250K

Stages

Pre Seed, Seed, Series A

Focus Areas

Healthtech, Climate Cleantech, Edtech

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Investment Thesis

Chasing Rainbows operates on the principle that LGBTQ+ founders represent a systematically overlooked yet high-performing population that delivers superior investment returns. The firm positions LGBTQ+ lived experiences—built through resilience in the face of discrimination and adversity—as a competitive advantage. As stated on their site: ‘Investing in LGBTQ+ founders taps into a high-performing, overlooked and determined population, and provides non-competitive access to strong growth prospects.’ They frame this as both mission-driven impact and sound business strategy, arguing that ‘Championing LGBTQ+ FOUNDERS IS JUST good BUSINESS.’

What Sets Them Apart

Exclusive focus on LGBTQ+ founded startups—only 0.5% of startup funding currently goes to LGBTQ+ founders while they represent 7.1% of the population
Data-backed thesis: LGBTQ+ founders create 36% more jobs, 114% more patents, and 44% more exits despite raising 16% less funding
Largest active LGBTQ+ founder community among emerging funds with class-leading deal flow channels leveraging ties to LGBTQ+ organizations
Non-competitive deal flow advantage with little institutional investor competition in this space
Traditional venture fund structure providing diversified portfolio access rather than single-deal syndicate model