Citi Foundation

Citi Foundation, established in 2020, is a New York-based venture capital firm that invests in U.S.-based private sector companies addressing societal challenges. Through its $500 million Impact Fund, it makes equity investments, typically co-investing with other venture capital firms, in companies demonstrating proof of concept and potential for scale. The Foundation focuses on four verticals: the future of work, climate resilience, financial inclusion, and social infrastructure. It prioritizes investing in businesses led or owned by women and minorities, aiming to bridge gender and race gaps in the VC-funded startup world. Additionally, it has committed $50 million to the Black Entrepreneurs Investment Initiative, supporting tech-enabled ventures led by black founders to reduce the racial wealth gap.