The Artemis Fund
The Artemis Fund is a Houston-based seed-stage venture capital firm founded in 2019 that invests in female-founded startups across fintech, commerce, care, and future of work, deploying capital from its $36 million Fund II.
- Company typePrivate
- Founded2019
- HeadquartersHouston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What The Artemis Fund does
The Artemis Fund is a Houston-based venture capital firm founded in 2019 that invests in seed and early-stage companies with a stated focus on female-founded startups. The fund concentrates on four vertical theses: fintech, commerce, care, and the future of work, and its portfolio spans 30+ companies including Salvo Health (virtual GI care), Gemist (3D jewelry commerce), Brij (agentic AI for consumer brands), HopSkipDrive, DRESSX, SimpliFed, CNote, and Payverse.
The firm operates a single fund vehicle rather than a modular product set. Artemis closed Fund II at $36 million in March 2024, following its earlier Fund I, and deploys capital through direct equity investments, typically at seed and occasionally Series A stages. Portfolio companies have collectively raised notable rounds across 2025-2026, with Artemis participating as a non-lead co-investor alongside funds such as ManchesterStory, Bright Pixel Capital, and Entrada Ventures. Deal sourcing combines direct founder outreach with an open AirTable pitch submission form on the Artemis website.
Economically, Artemis earns revenue through the standard VC model: recurring management fees on committed/ invested capital and carried interest on successful exits. The team is small (1-10 employees) led by Diana Murakhovskaya (General Partner & Co-Founder), reflecting a lean operating structure typical of emerging seed-stage fund managers. Marketing is concentrated on the firm's website, earned media (including TechCrunch coverage of Fund II), and selective thought-leadership content on venture operations and AI.
The Artemis Fund firmographics
Firmographics- Name
- The Artemis Fund
- Legal name
- The Artemis Fund
- Website
- https://theartemisfund.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Artemis Fund is a Houston-based seed-stage venture capital firm founded in 2019 that invests in female-founded startups across fintech, commerce, care, and future of work, deploying capital from its $36 million Fund II.
- Ownership category
- akta.pro rank
The Artemis Fund industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
- akta.pro secondary industry
- Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM)
Keywords
Where The Artemis Fund is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Markets served
The Artemis Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Returns (Carried Interest): The fund generates returns through equity investments in portfolio companies. As a VC fund, revenue is derived from carried interest on successful exits, which is the primary economic driver for fund returns to LPs.
- Management Fees: VC funds typically charge management fees as a percentage of committed capital under management, though specific fee structures are not publicly disclosed.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
The Artemis Fund product offering
Product offeringCore offering
The Artemis Fund is a venture capital firm that makes seed and early-stage equity investments in women-founded companies across healthcare, commerce, fintech, and consumer technology. The fund deploys capital from its $36M Fund II (closed March 2024) and provides portfolio companies with strategic support, mentorship, and access to networks throughout the investment lifecycle.
Product overview
The Artemis Fund is a venture capital firm that operates as a single, unified investment offering rather than a platform with modular products. The firm deploys capital into a diversified portfolio of women-founded companies across sectors including healthcare (Salvo Health, Avela Health, SimpliFed), e-commerce/retail (Gemist, Max Retail), consumer technology (Brij, DRESSX, HopSkipDrive), and other verticals. The fund manages investments from seed through growth stages, with Fund II closing at $36 million. The Artemis Fund does not offer separate investment products or modules—the core offering is the fund itself, which provides equity capital, mentorship, and strategic support to its portfolio companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Artemis Fund II (Seed-stage Venture Capital Investment) Equity capital investment vehicle providing seed and early-stage funding to women-founded startups across healthcare, commerce, fintech, and consumer technology; offers strategic support, mentorship, and network access to portfolio companies.
Quantifiable outcome
- Artemis Fund II raised $36 million, demonstrating ability to attract LP capital for deployment into portfolio companies
Companies that use The Artemis Fund
Customer profileSegments1 record
Ideal customer profiles2 records
The Artemis Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Artemis Fund partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights4 records
The Artemis Fund competitors and assessment
Company assessmentDirect peers
- Lightship Capital: Early-stage venture fund investing in underestimated founders, with a focus on women, people of color, and LGBTQ founders. Comparable to Artemis's diversity-focused, seed-stage approach.
- Backstage Capital: Venture fund dedicated to investing in underrepresented founders, including women, people of color, and LGBTQ founders. Comparable to Artemis in its underserved-founder thesis and early-stage approach.
- Female Founders Fund: Early-stage venture fund investing exclusively in female-founded companies. Highly comparable to Artemis in thesis, stage focus, and check size, making it the closest direct competitor for women-founded deal flow.
- Halogen Ventures: Early-stage venture fund that invests in consumer tech companies led by female founders. Closely aligned with Artemis's women-founder thesis and seed-stage focus.
- BBG Ventures (Built By Girls): Seed-stage fund investing in companies with at least one female founder. Directly comparable in stage, gender-lens focus, and target founder profile to Artemis.
- SoGal Ventures: Global venture fund focused on diverse founders, with a strong emphasis on women and underrepresented entrepreneurs. Directly comparable to Artemis's gender-lens thesis and seed-stage orientation.
- Illuminate Ventures: Early-stage venture firm focused on enterprise cloud and SaaS companies with diverse founding teams. Comparable to Artemis in stage and diversity lens, though with a narrower B2B SaaS sector focus.
- Pipeline Angels: Network of angel investors focused on changing the face of angel investing and funding women and non-binary founders. Comparable to Artemis's gender-lens capital deployment model, though at a smaller ticket size.
Broad incumbents
- Forerunner Ventures: Larger, established consumer-focused venture firm with a portfolio historically led by female founders (e.g., Glossier, Hims). Broader incumbent in the same general consumer/founder space as Artemis but with materially more capital and later-stage focus.
Emerging players
- Better Tomorrow Ventures: Seed-stage fintech-focused venture fund. Comparable in stage and check size to Artemis, but with a narrower fintech vertical focus rather than Artemis's broader sector mandate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
The Artemis Fund social profiles
Digital presenceThe Artemis Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Artemis Fund leadership team
Management profileNumber of profiles
Profiles2 records
The Artemis Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Artemis Fund M&A and investment
M&A and investmentM&A
Investments45 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Artemis Fund
What does The Artemis Fund do?
The Artemis Fund is a venture capital firm that makes seed and early-stage equity investments in women-founded companies across healthcare, commerce, fintech, and consumer technology. The fund deploys capital from its $36M Fund II (closed March 2024) and provides portfolio companies with strategic support, mentorship, and access to networks throughout the investment lifecycle.
Is The Artemis Fund a public or private company?
The Artemis Fund is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Artemis Fund founded?
The Artemis Fund was founded in 2019. It employs 1 to 10 people.
Where is The Artemis Fund based?
The Artemis Fund is headquartered in Houston, United States, in the North America region.
How does The Artemis Fund make money?
Two revenue lines are on record. Investment Returns (Carried Interest) is the primary driver. The others are management Fees.
Who are The Artemis Fund's main competitors?
Direct peers on record are Lightship Capital, Backstage Capital, Female Founders Fund, Halogen Ventures, BBG Ventures (Built By Girls), SoGal Ventures, Illuminate Ventures and Pipeline Angels. Forerunner Ventures is listed as a broad incumbent. Better Tomorrow Ventures is listed as an emerging player.
Does The Artemis Fund have an API?
No public API is recorded for The Artemis Fund.
What industry is The Artemis Fund in?
The Artemis Fund's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds, with a secondary code of FSANAJAM, Gender Lens / Diversity, Equity & Inclusion (DEI) Funds. Its NAICS code is 52394 and its SIC code is 6282.