The Social Entrepreneurs Fund (TSEF)

The Social Entrepreneurs Fund (TSEF) is a venture capital firm that focuses on investing in software and services tailored to assist low-income communities and the organizations that support them. By providing funding and support to social entrepreneurs, TSEF aims to drive positive social impact and promote sustainable solutions for underserved populations. Through strategic investments, TSEF seeks to empower innovative businesses that address key challenges faced by low-income individuals and communities, fostering economic development and social inclusion.

32 past transactions

TwentyEight

Series A in 2025
TwentyEight Health, Inc. is a Brooklyn-based company focused on providing an online platform dedicated to women's reproductive and sexual health. Established in 2018, the platform offers online doctor evaluations for birth control prescriptions, facilitates quick home deliveries of medications, and enables secure messaging between women and their healthcare providers. By prioritizing underserved populations, particularly Medicaid recipients, TwentyEight Health aims to enhance access to high-quality and inclusive women's health services, thereby creating a digital healthcare home that emphasizes convenience and affordability in care.

She Matters

Venture Round in 2024
She Matters is a digital health platform dedicated to supporting Black mothers facing postpartum challenges, particularly anxiety and depression. The platform offers access to a community of peers and culturally competent healthcare providers, as well as relevant resources tailored to their needs. It creates a safe environment for women to share their mental wellness journeys and participate in events that promote healing. Additionally, She Matters educates healthcare providers on culturally competent care through a specialized coaching program, ensuring that the support offered is both relevant and effective. By focusing on these critical areas, She Matters aims to improve the mental wellness of postpartum women and help them navigate the complexities of their experiences.

Driver Technologies

Venture Round in 2023
Driver Technologies Inc. is a New York-based company that specializes in mobile application software focused on enhancing road safety. Founded in 2017, the company offers a hardware-free app that allows users to video record their trips while providing real-time alerts about potential hazards, such as the risk of colliding with other vehicles or pedestrians, lane drifting, and drowsiness. The app incorporates voice control features, facilitating safe access to entertainment, news, and navigation services without requiring physical interaction. Additionally, Driver Technologies aims to help users document their driving experiences, which can be useful for insurance purposes and improving overall safety on the road.

Wellth

Series B in 2023
Wellth is a digital health company based in New York that aims to enhance treatment adherence among individuals with chronic conditions. By leveraging behavioral economics, Wellth addresses the barriers that hinder patients from forming healthy habits and effectively managing their diseases. The company operates a mobile application that provides targeted incentive plans, reminders, and information to motivate users to engage in preventive health behaviors. Its platform not only empowers consumers to improve their adherence to medication and care plans but also helps reduce preventable hospitalizations and healthcare costs. Wellth's approach includes proven outcomes demonstrated through randomized controlled trials, making it a valuable solution for insurers and healthcare providers seeking to improve population health. Through its user-friendly application, Wellth supports members in establishing sustainable healthy habits while generating cost savings for payors.

Cushion

Series A in 2022
Cushion is a venture-backed FinTech startup that is changing the way consumers pay their recurring bills. Our goal is to help Americans pay all of their bills in full and on time while avoiding nasty fees and penalties. To bring this vision to life, we are reimagining the experience from the ground up and looking for the best of the best people to join our team as we bring our game-changing bill pay solution to the tens of millions of Americans who need it: https://angel.co/company/cushion_ai/jobs

Key

Seed Round in 2022
At Key, they're creating a world where real estate is a source of prosperity and freedom for everyone. Their patent-pending approach makes urban living possible again, free from the burdens of commuting, cost-prohibitive down payments, and the inflexibility that comes with a 25-year mortgage.

Mentor Spaces

Seed Round in 2021
Mentor Spaces is a community-focused mentorship platform aimed at helping companies attract, hire, and retain underrepresented talent. The platform serves as a networking space for underrepresented professionals, enabling them to connect with industry experts who share similar professional interests and goals. By fostering these relationships, Mentor Spaces allows companies to engage with diverse talent prior to formal recruitment events, enhancing their efforts to build a more inclusive workforce. Through its unique approach, the platform supports both individuals seeking mentorship and organizations looking to improve their diversity initiatives.

Aunt Bertha

Series D in 2021
Aunt Bertha is a Public Benefit Corporation that operates a social services search and referrals software platform designed to help individuals locate various welfare programs. Founded in 2010 and based in Austin, Texas, the company provides users with access to resources related to food, shelter, healthcare, employment, and financial assistance. The platform facilitates connections between those in need and available support services, streamlining the process of finding and applying for government and charitable programs. Aunt Bertha serves a diverse range of sectors, including healthcare, education, government, and child welfare, effectively reducing the administrative costs associated with social service program management by enabling online applications.

Foodsmart

Series C in 2021
Foodsmart is a digital nutrition platform focused on enhancing health outcomes through personalized dietary recommendations. The company aims to support individuals dealing with chronic diseases and food insecurity by collaborating with health plans and healthcare providers. Its online telehealth application offers real-time guidance across various settings, including homes, workplaces, grocery stores, and restaurants. This comprehensive approach enables users to make healthier food choices and select recipes that can mitigate chronic health issues, thereby promoting overall well-being. By providing access to affordable and tailored healthy eating options, Foodsmart strives to empower individuals to improve their nutrition and health.

Stoovo

Seed Round in 2021
Stoovo, Inc. is a company based in Sunnyvale, California, founded in 2018. It develops an application that enables users to pay off loans, taxes, and bills through instant gig opportunities. The app utilizes artificial intelligence to provide real-time financial advice by analyzing users' spending habits, debt, and tax obligations. Additionally, Stoovo focuses on enhancing mobility and decision-making by offering location intelligence and geospatial data. Its platform delivers insights regarding properties, including parking and access points, which can improve efficiency and reduce risks for sectors such as delivery, insurance, mapping, and real estate.

Cushion

Venture Round in 2021
Cushion is a venture-backed FinTech startup that is changing the way consumers pay their recurring bills. Our goal is to help Americans pay all of their bills in full and on time while avoiding nasty fees and penalties. To bring this vision to life, we are reimagining the experience from the ground up and looking for the best of the best people to join our team as we bring our game-changing bill pay solution to the tens of millions of Americans who need it: https://angel.co/company/cushion_ai/jobs

Voxy EnGen

Series A in 2021
Voxy EnGen is a career-focused, virtual English language education training platform for organizations and employers working with immigrants and refugees.

Driver Technologies

Venture Round in 2021
Driver Technologies Inc. is a New York-based company that specializes in mobile application software focused on enhancing road safety. Founded in 2017, the company offers a hardware-free app that allows users to video record their trips while providing real-time alerts about potential hazards, such as the risk of colliding with other vehicles or pedestrians, lane drifting, and drowsiness. The app incorporates voice control features, facilitating safe access to entertainment, news, and navigation services without requiring physical interaction. Additionally, Driver Technologies aims to help users document their driving experiences, which can be useful for insurance purposes and improving overall safety on the road.

Driver Technologies

Seed Round in 2020
Driver Technologies Inc. is a New York-based company that specializes in mobile application software focused on enhancing road safety. Founded in 2017, the company offers a hardware-free app that allows users to video record their trips while providing real-time alerts about potential hazards, such as the risk of colliding with other vehicles or pedestrians, lane drifting, and drowsiness. The app incorporates voice control features, facilitating safe access to entertainment, news, and navigation services without requiring physical interaction. Additionally, Driver Technologies aims to help users document their driving experiences, which can be useful for insurance purposes and improving overall safety on the road.

Alice

Venture Round in 2020
Alice, Inc. is a financial services company that specializes in artificial intelligence-enabled payroll management software. Founded in 2015 and based in Brooklyn, New York, the company focuses on automating pre-tax spending for employees. Its software integrates with existing payroll systems to identify eligible pre-tax expenses, such as commuting costs and medical care. The platform communicates with employees via text to confirm transactions and updates payroll accordingly to reflect tax refunds. In addition to simplifying the benefits process for employees, Alice supports human resource professionals during onboarding, enhancing the overall management of employee benefits while helping employers reduce payroll tax liabilities.

Climb Credit

Series A in 2019
Climb Credit, Inc. is a financial services company based in New York that focuses on providing educational loans to students pursuing career-oriented training in the United States. Established in 2014, Climb aims to make skill-based education more accessible and affordable by offering tailored payment options that cater to individuals regardless of their credit history. The company partners with various educational institutions that provide diverse programs, including cybersecurity, healthcare, data science, heavy machine operation, culinary arts, and artificial intelligence. By addressing the mismatch between traditional educational pathways and the evolving demands of the job market, Climb Credit facilitates connections between learners seeking practical career training and employers in need of a skilled workforce.

Clinicas del Azucar

Venture Round in 2018
Clinicas del Azucar is a chain of clinics in Mexico focused on providing affordable diabetes care, targeting low and middle-income individuals affected by the disease. The clinics utilize evidence-based algorithms and offer low-cost diagnostic services aimed at both the prevention and management of diabetes, significantly reducing healthcare costs from approximately one thousand dollars to just two hundred dollars. By streamlining diabetes care, Clinicas del Azucar effectively lowers the time and financial burden associated with treatment by 70%. Their mission is to alleviate the adverse effects of diabetes on vulnerable populations, making specialized medical care more accessible and convenient.

Petal

Series A in 2018
Petal Card, Inc. is a credit card company focused on providing financial access to individuals without traditional credit histories, such as students and immigrants. Founded in 2015 and based in New York, the company utilizes machine learning to analyze users' digital financial records, allowing for cash flow underwriting as an alternative to conventional credit scoring. This innovative approach enables Petal to offer higher credit limits and lower rates compared to competing credit cards. The company's flagship product, the Petal Visa, is designed to promote responsible spending and credit-building, accompanied by a user-friendly digital application for managing payments. Petal aims to make credit more honest, simple, and accessible, fostering a financial environment that encourages users to succeed.

First Access

Series A in 2017
First Access is a financial technology company headquartered in New York, founded in 2011. It provides a smart data platform tailored for emerging market financial institutions, particularly micro and small-to-medium enterprise lenders. The company's solutions facilitate the digitization of paper-based operations, enabling institutions to collect and analyze comprehensive data, monitor trends, and automate processes. By leveraging credit scoring expertise, First Access allows lenders to implement incremental changes without disrupting their daily operations. The platform also supports the integration of machine learning insights, enhancing the sophistication of financial institutions in managing data. Ultimately, First Access aims to transform data into financial opportunities, helping lenders worldwide improve their access to credit through user-friendly technology.

CloudFactory

Series B in 2017
CloudFactory Limited, established in 2010 with headquarters in Reading, UK, and operations in Durham, NC, specializes in cloud-based workforce solutions. The company offers services such as machine learning, document transcription, and data enrichment under its WorkStream brand. As a social enterprise, CloudFactory aims to connect one million talented individuals to online work opportunities while promoting earning, learning, and leadership development. Its on-demand digital workforce enables businesses to scale operations efficiently by handling tasks like data enrichment, validation, tagging, sentiment analysis, categorization, and machine learning, allowing clients to focus on innovation and growth.

Aunt Bertha

Series B in 2016
Aunt Bertha is a Public Benefit Corporation that operates a social services search and referrals software platform designed to help individuals locate various welfare programs. Founded in 2010 and based in Austin, Texas, the company provides users with access to resources related to food, shelter, healthcare, employment, and financial assistance. The platform facilitates connections between those in need and available support services, streamlining the process of finding and applying for government and charitable programs. Aunt Bertha serves a diverse range of sectors, including healthcare, education, government, and child welfare, effectively reducing the administrative costs associated with social service program management by enabling online applications.

ConnXus

Series A in 2016
ConnXus, Inc. is a provider of online services that connect diverse and small businesses with larger companies looking to enhance their supplier diversity. The company specializes in aggregating corporate purchasing demand, helping organizations locate, evaluate, and engage small, minority- or woman-owned businesses across various sectors, including construction, transportation, and information technology. ConnXus offers tools such as ConnXus Scrub, a data enrichment solution for validating supplier classifications, and TierTracker, a platform for reporting and management. Additionally, it features a diverse supplier search platform and a community marketplace that fosters networking and the sharing of best practices among supplier diversity professionals. ConnXus also assists registered suppliers in marketing their services and maintaining their certifications. Incorporated in 2010 and headquartered in Mason, Ohio, with a satellite office in Portland, Oregon, ConnXus serves Fortune 2000 and Fortune 500 companies and operates as a subsidiary of Coupa Software Incorporated.

Frogtek

Venture Round in 2015
Frogtek LLC is a for-profit social venture that develops software solutions for small shopkeepers in emerging markets, including the United States, Mexico, Colombia, and Spain. Founded in 2008 and headquartered in Ciudad, Mexico, the company offers Tiendatek, a point-of-sale application that enables micro-retailers to manage store expenses and revenues using mobile devices. This application is designed for Android smartphones and tablets, allowing users to synchronize data wirelessly with web servers. Frogtek also provides Tiendatek Data, a marketing analytics tool, and has established a cloud platform that offers additional services for partners, including payment providers and consumer packaged goods companies. Through its innovative technology, Frogtek aims to empower small shopkeepers by enhancing their operational efficiency and business management capabilities.

Clinicas del Azucar

Series C in 2015
Clinicas del Azucar is a chain of clinics in Mexico focused on providing affordable diabetes care, targeting low and middle-income individuals affected by the disease. The clinics utilize evidence-based algorithms and offer low-cost diagnostic services aimed at both the prevention and management of diabetes, significantly reducing healthcare costs from approximately one thousand dollars to just two hundred dollars. By streamlining diabetes care, Clinicas del Azucar effectively lowers the time and financial burden associated with treatment by 70%. Their mission is to alleviate the adverse effects of diabetes on vulnerable populations, making specialized medical care more accessible and convenient.

First Access

Venture Round in 2015
First Access is a financial technology company headquartered in New York, founded in 2011. It provides a smart data platform tailored for emerging market financial institutions, particularly micro and small-to-medium enterprise lenders. The company's solutions facilitate the digitization of paper-based operations, enabling institutions to collect and analyze comprehensive data, monitor trends, and automate processes. By leveraging credit scoring expertise, First Access allows lenders to implement incremental changes without disrupting their daily operations. The platform also supports the integration of machine learning insights, enhancing the sophistication of financial institutions in managing data. Ultimately, First Access aims to transform data into financial opportunities, helping lenders worldwide improve their access to credit through user-friendly technology.

Pigeonly

Venture Round in 2014
Pigeonly, Inc. is a company that provides a platform focused on connecting individuals with incarcerated loved ones. Established in 2013 and based in Las Vegas, Nevada, Pigeonly offers services such as Fotopigeon, which allows users to send printed photos to inmates, and Telepigeon, a cost-effective solution for long-distance communication. The platform is designed to help users search for and identify inmates across various federal, state, and county penal systems, facilitating communication through smartphones, computers, and tablets. Pigeonly aims to address the needs of overlooked and underserved populations, making it easier for families and friends to maintain contact with incarcerated individuals.

Carbon Lighthouse

Seed Round in 2014
Carbon Lighthouse, LLC is a technology company specializing in energy solutions for commercial real estate and various other sectors, including education and hospitality. Founded in 2010 and based in San Francisco, Carbon Lighthouse focuses on decarbonizing buildings through its Efficiency Production platform and CLUES® AI software. The company provides energy efficiency measures that help reduce utility bills and carbon emissions, such as optimizing heating, ventilation, and air conditioning systems and installing cost-effective energy-saving equipment. Additionally, Carbon Lighthouse offers onsite energy generation solutions, including solar photovoltaic systems, and consulting services for energy sourcing and regulatory assessments. Its clientele includes building owners and property managers of small to medium-sized buildings, such as community centers and schools. With a track record of delivering significant client value and reducing substantial carbon emissions, Carbon Lighthouse aims to assist clients in achieving their decarbonization goals while enhancing financial performance.

BeneStream

Seed Round in 2014
BeneStream, Inc. is a New York-based company that specializes in facilitating access to government benefits for employees, including food stamps, Medicaid, and child health programs. Established in 2013, BeneStream offers a web-based platform designed for brokers and human resource departments, leveraging employee payroll data to assess eligibility for various government assistance programs. The company streamlines the enrollment process by providing completed applications for individuals to sign and submit. Additionally, BeneStream conducts Medicaid screenings and enrollments to identify employees who qualify for Medicaid, thereby assisting employers in complying with the Affordable Care Act (ACA). By outsourcing enrollment in Medicaid, BeneStream helps employers manage costs associated with providing health insurance to low-income employees, offering a solution that not only avoids penalties but also ensures free, comprehensive coverage for qualifying individuals and their families.

Frogtek

Debt Financing in 2014
Frogtek LLC is a for-profit social venture that develops software solutions for small shopkeepers in emerging markets, including the United States, Mexico, Colombia, and Spain. Founded in 2008 and headquartered in Ciudad, Mexico, the company offers Tiendatek, a point-of-sale application that enables micro-retailers to manage store expenses and revenues using mobile devices. This application is designed for Android smartphones and tablets, allowing users to synchronize data wirelessly with web servers. Frogtek also provides Tiendatek Data, a marketing analytics tool, and has established a cloud platform that offers additional services for partners, including payment providers and consumer packaged goods companies. Through its innovative technology, Frogtek aims to empower small shopkeepers by enhancing their operational efficiency and business management capabilities.

Angaza

Seed Round in 2013
Angaza is a technology company that focuses on providing affordable products to consumers in emerging markets. Established in 2010 and based in San Francisco, the company offers a comprehensive pay-as-you-go platform utilized by manufacturers and distributors worldwide. This platform allows businesses to sell essential products, such as solar lights and clean cookstoves, to off-grid consumers who lack access to credit and traditional banking services. By digitizing complex operations and sales processes through its cloud-based software and mobile applications, Angaza enables last-mile distributors to implement consumer financing plans. The company's mission is to facilitate universal access to transformative products and services, contributing to the reduction of poverty and promoting financial inclusion for underserved populations.

Liberty & Justice

Series B in 2013
Liberty & Justice Inc. is an apparel manufacturing company based in New York, specializing in the production of ethically made clothing and textiles. The company focuses on value chain management for high-volume, time-sensitive, and duty-free goods, catering to American clothing brands, trading companies, and importers. Liberty & Justice operates manufacturing facilities in Ghana, Liberia, and Benin, emphasizing Fair Trade Certified practices. Its product range includes tops, bottoms, totes, shoes, and home textiles, with a commitment to using organic materials and promoting worker empowerment. By prioritizing exceptional quality, timely delivery, and social and environmental responsibility, Liberty & Justice aims to align consumer choices with the eradication of poverty and the promotion of sustainable economic development.

PharmaSecure

Series B in 2013
PharmaSecure Inc. is a company specializing in anti-counterfeiting and brand protection solutions for pharmaceutical firms globally. Founded in 2007 and headquartered in New York, the company provides a range of services including regulatory serialization, market intelligence, and patient engagement through its psConnect platform. PharmaSecure has implemented serialization for over 2.5 billion drug packages across 300 packaging lines, serving major pharmaceutical companies in India and leading anti-malarial drug providers in Nigeria. Its technology enables compliance with regulatory requirements in various countries, including the United States and China, and is recognized for significantly reducing counterfeiting rates in Nigeria through its Mobile Authentication Service. The company also engages patients through text and voice programs, demonstrating notable improvements in medication adherence. With operations extending internationally, PharmaSecure is committed to enhancing product security and consumer trust in the pharmaceutical supply chain.
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