Marigold Capital
Marigold Capital is a Toronto-based gender and social-equity impact investment fund that invests Seed-to-Series-A in technology-enabled companies led by women and BIPOC founders across Canada and the US in Health, Social Justice & Equity, and Ethical Supply Chains.
- Company typePrivate
- Founded2017
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Marigold Capital does
Marigold Capital is a Toronto-based, privately held impact investment fund founded in 2017 (per company legal records; website copyright indicates 2017) that applies a gender and social-equity lens to early-stage venture investing in Canada and the United States. The firm invests at Seed through Series A in technology-enabled companies led by women, Black, Indigenous, and People of Colour (BIPOC) founders operating in Health, Social Justice & Equity, and Ethical Supply Chains. Portfolio companies disclosed include Goodee (ethical supply chain marketplace), The Discourse (community journalism), NeedsList (needs aggregation), Indiegraf (digital news infrastructure), Ulula (supply chain engagement), and Hop In (commute logistics), with a 2026 co-investment in New Delhi-based Madverse Music Group. The fund's stated mandate is to deliver both financial returns and measurable social impact against the statistic that less than 10% of VC funding goes to women and less than 1% to Black, Indigenous, and People of Colour founders.
Marigold Capital firmographics
Firmographics- Name
- Marigold Capital
- Legal name
- Marigold Capital
- Website
- https://marigold-capital.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Marigold Capital is a Toronto-based gender and social-equity impact investment fund that invests Seed-to-Series-A in technology-enabled companies led by women and BIPOC founders across Canada and the US in Health, Social Justice & Equity, and Ethical Supply Chains.
- Ownership category
- akta.pro rank
Marigold Capital industry classification
Industry- Product category
- Impact Venture Capital
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM)
- akta.pro secondary industries
- Micro-VC & Angel Funds (FSANAAAI), Impact Investment & Development Investment Funds (BPADACAO), Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)
Keywords
Where Marigold Capital is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Marigold Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Investment Returns (Carried Interest): As an impact investment fund, Marigold generates returns through carried interest on successful portfolio company exits, alongside generating social and financial returns for their investors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Marigold Capital product offering
Product offeringCore offering
Marigold Capital is a gender and social equity lens impact investment fund that provides seed-to-Series A equity financing (typically $750K-$4MM) to post-revenue, women- and BIPOC-led technology companies in Health, Social Justice & Equity, and Ethical Supply Chain sectors across Canada and the US. The fund invests as lead or syndicate partner in companies with at least $15,000 in growing monthly recurring revenue and $250,000 in growing ARR, generating financial returns alongside social impact.
Product overview
Marigold Capital is a gender and social equity lens impact investment fund that provides investment capital and support to early-stage companies led by women and BIPOC founders. The firm does not operate a traditional product platform; its core offering is investment services through a venture capital fund structure. Marigold Capital's portfolio consists of portfolio companies they have invested in, including Goodee (inclusive global marketplace), The Discourse (community-powered journalism), NeedsList (real-time needs aggregation), Indiegraf (technology for independent digital news outlets), Ulula (supply chain engagement technology), and Hop In (commute logistics software).
Differentiator
Problem solved
Functional benefit
Products and services
- Marigold Capital Impact Investment Fund
- Gender and Social Equity Lens Investment Service
Quantifiable outcome
- Managed over $105MM in early-stage impact investments
- +1 more outcomes
Companies that use Marigold Capital
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
Marigold Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Marigold Capital partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights4 records
Marigold Capital competitors and assessment
Company assessmentDirect peers
- Renewal Funds: Canadian venture capital fund investing in early-stage companies delivering financial, social, and environmental returns. Closest comparable as a Canadian impact VC operating in ethical supply chains and sustainable food systems.
- Equal Ventures: US seed-stage venture fund investing in startups led by underrepresented founders. Comparable early-stage focus and DEI thesis, though US-only.
- Backstage Capital: US venture fund specifically backing startups led by women, BIPOC, and LGBTQ+ founders. Directly comparable as an early-stage fund targeting the same underrepresented founder base with a similar thesis.
- Female Founders Fund: US early-stage venture fund investing in technology companies founded by women. Directly comparable mission and stage focus; serves a similar underserved founder demographic but US-only.
- Radicle Impact: Early-stage impact venture fund investing in companies with measurable social or environmental outcomes. Comparable in stage and impact thesis; complements Marigold's social-equity angle.
- Astia: Global organization and investor network backing women-led high-growth startups. Comparable as an early-stage capital and ecosystem partner targeting women founders in tech-enabled businesses.
Broad incumbents
- Acumen: Global impact investment fund focused on entrepreneurs serving the poor. Highly comparable to Marigold as both pursue early-stage impact investing with a social equity lens; Narinder Dhami previously worked on Acumen's portfolio team in Ghana and Nigeria.
- Sarona Asset Management: Impact-focused private equity fund-of-funds and direct investor in emerging markets. Directly comparable as an institutional impact investor; Jonathan Hera previously led investor relations and impact reporting at Sarona.
Others
- Grand Challenges Canada: Canadian impact-first investor and grantmaker funding innovators addressing global health and social challenges. Comparable impact thesis; Jonathan Hera previously co-led gender strategy here.
- Beyond the Billion: Initiative convening venture capital firms committed to backing women-led companies. Marigold is the first Canadian member, making this a peer ecosystem body rather than a direct investor; relevant for industry positioning and deal flow.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Marigold Capital social profiles
Digital presenceMarigold Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Marigold Capital leadership team
Management profileNumber of profiles
Profiles2 records
Marigold Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Marigold Capital M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Marigold Capital
What does Marigold Capital do?
Marigold Capital is a gender and social equity lens impact investment fund that provides seed-to-Series A equity financing (typically $750K-$4MM) to post-revenue, women- and BIPOC-led technology companies in Health, Social Justice & Equity, and Ethical Supply Chain sectors across Canada and the US. The fund invests as lead or syndicate partner in companies with at least $15,000 in growing monthly recurring revenue and $250,000 in growing ARR, generating financial returns alongside social impact.
Is Marigold Capital a public or private company?
Marigold Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Marigold Capital founded?
Marigold Capital was founded in 2017. It employs 1 to 10 people.
Where is Marigold Capital based?
Marigold Capital is headquartered in Toronto, Canada, in the North America region.
How does Marigold Capital make money?
One revenue line is on record: investment Returns (Carried Interest).
Who are Marigold Capital's main competitors?
Direct peers on record are Renewal Funds, Equal Ventures, Backstage Capital, Female Founders Fund, Radicle Impact and Astia. Broad incumbents are Acumen and Sarona Asset Management. Others are Grand Challenges Canada and Beyond the Billion.
Does Marigold Capital have an API?
No public API is recorded for Marigold Capital.
What industry is Marigold Capital in?
Marigold Capital's product category is Impact Venture Capital. Its primary akta.pro industry code is FSANAJAM, Gender Lens / Diversity, Equity & Inclusion (DEI) Funds, with a secondary code of FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 5259 and its SIC code is 6282.