FullCircle

What FullCircle does

FullCircle is a private, perpetual pre-seed venture capital fund founded by Virginie Raphael and based in New York. The fund invests $150,000 to $250,000 into initial rounds of $500,000 to $2.0 million for US-based pre-seed companies, targeting 8 to 10 investments per year. It does not lead rounds, does not typically follow on, and operates under a permanent fund structure that decouples investment strategy from any LP fundraising cycle.

The fund's investment thesis is outcome-driven and industry-agnostic, focused on companies that either expand access to work or prevent involuntary workforce dropouts. Portfolio companies span four sub-themes: the caring workforce (e.g., Tender, Upkid, Zaya, Nurra, Outfox Health), the empowered workforce (e.g., SocialCrowd, Tenyor, Morrow, Breakthru), community infrastructure (e.g., Eva), and recruiting and learning (e.g., SquarePeg, Skillmaker, Mentra, Making Space, ESAI, Empat, Sol Health). Additional portfolio companies include AI-enabled services (Mixus, Suits.ai, Tough.day, Mpathic) and one climate-adjacent investment (Remora Carbon).

FullCircle's operations are run entirely by Raphael as sole manager and sole decision-maker, drawing on her eight-year tenure as Managing Director at Tusk Ventures and earlier career as an investment banker at Lehman Brothers and Barclays. Deal sourcing is network- and content-driven: a monthly Substack newsletter ('Closing the Loop'), an Airtable pitch form, direct LinkedIn and email outreach, and co-investor syndications with angels and small early-stage funds. The median time from first chat to wire is approximately 25 days.

Name

FullCircle

Legal name

FullCircle

Website

https://fullcirclefund.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

FullCircle is a perpetual pre-seed venture capital fund founded by Virginie Raphael. It invests $150k–$250k in US-based startups that expand access to work or prevent involuntary workforce dropouts, with a portfolio spanning care, learning, recruiting, and community infrastructure.

Ownership category

akta.pro rank

Product category

Pre-Seed Venture Capital / Workforce Investment Fund

NAICS

Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

akta.pro secondary industry

SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Pre-seed venture capital
• Workforce investment fund
• Early-stage startup funding
• Future of work investing
• Perpetual pre-seed fund

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Venture capital fund returns: FullCircle is a perpetual pre-seed fund generating returns through equity investments in early-stage companies. It writes checks of $150k–$250k into initial rounds of $500k–$2.0M, plans to make 8–10 investments per year, and does not impose a specific exit timetable on founders. Revenue is derived from capital appreciation and any carried interest economics tied to its permanent fund structure.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

FullCircle is a perpetual pre-seed venture capital fund that invests $150,000 to $250,000 into initial rounds of $500,000 to $2.0 million in US-based companies building a more dynamic workforce. The fund targets outcomes—expanding access to work and preventing involuntary workforce dropouts—across the caring workforce, the empowered workforce, community infrastructure, and recruiting and learning, planning 8 to 10 investments per year. Supporting offerings include a public Airtable founder pitch form and a monthly Substack newsletter ("Closing the Loop").

Product overview

FullCircle operates as a single, unified investment fund rather than a platform-plus-modules product architecture. Its core offering is the FullCircle Fund — a perpetual pre-seed vehicle that writes initial checks of $150,000 to $250,000 into US-based companies building a more dynamic workforce. Supporting this core fund are complementary founder-engagement channels: an Airtable-based Pitch Form for inbound pitches, and the Closing the Loop Substack, a monthly newsletter that surfaces current investment targets. Together these named offerings (the FullCircle Fund, the Founder Outreach / Pitch Form, and the Closing the Loop Substack) form FullCircle's complete product/service stack.

Differentiator

Problem solved

Functional benefit

Products and services

• FullCircle Fund FullCircle Fund is a perpetual pre-seed venture capital vehicle that invests $150,000 to $250,000 into initial rounds of $500,000 to $2.0 million in US-based companies that create structural change in the workforce by expanding access to work or preventing involuntary workforce dropouts. The fund plans 8 to 10 investments per year, does not lead rounds, and does not typically follow on.
• Founder Outreach / Pitch Form A public Airtable-based submission form hosted by FullCircle that allows startup founders to pitch the fund directly. It is the primary inbound channel for prospective portfolio companies and is linked from the fullcirclefund.io homepage.
• Closing the Loop Substack Closing the Loop is a monthly Substack newsletter written by FullCircle Founder Virginie Raphael that highlights the fund's current investment targets and the workforce problems FullCircle is particularly eager to help solve. It serves as a top-of-funnel content channel for sourcing deals and signaling the fund's thesis to founders.

Quantifiable outcome

• Median 25 days from first chat to wire, with the full process typically taking 3–4 weeks.
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Vannin Chief of StaffminorGTM or Marketing Partner · 3 March 2026Vannin Chief of Staff (Denver-based executive talent firm) sponsored Transform 2026 (March 23–25, 2026, Wynn Las Vegas). FullCircle Founder Virginie Raphael co-led a Strategic Career Lab workshop alongside Vannin CEO Keziah Wonstolen focused on structuring high-impact Chief of Staff mandates in PE-backed and enterprise environments.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Worklife Ventures: Pre-seed fund led by Brianne Kimmel explicitly focused on the future of work. Closest thesis-overlap peer to FullCircle, with similar stage and check sizes targeting workforce, HR, and talent infrastructure founders.
• Precursor Ventures: Long-running pre-seed/seed fund led by Charles Hudson writing initial checks of $500k–$1.5M. Comparable in stage focus, founder-friendly posture, and quality-over-quantity investment pace (4–6 investments per year).
• Notation Capital: Thesis-driven pre-seed fund backing technical founders at the earliest stages. Comparable in being a small, focused pre-seed vehicle with concentrated check sizes and a strong founder-selection reputation.
• Female Founders Fund: Pre-seed/seed fund investing in companies building transformative products and services with a focus on underrepresented founders. Comparable in mission orientation, early stage focus, and US-based deployment.
• BBG Ventures: Pre-seed/seed fund backed by AOL founder Steve Case investing in diverse founders. Comparable in early-stage thesis-driven approach and explicit focus on founders outside the mainstream venture profile.
• Cake Ventures: Pre-seed fund led by Arian Simone investing in underestimated founders. Comparable in mission-aligned thesis, pre-seed stage focus, and founder-friendly capital approach.
• Everywhere Ventures: Pre-seed fund investing across geographies with a community of over 500 operators. Comparable in pre-seed stage focus, syndication-driven model, and emphasis on founder support beyond capital.
• Hustle Fund: Pre-seed/seed fund writing initial checks of $500k–$1M with a thesis around 'hustle' founders. Comparable in pre-seed stage, fast decision cycles, and founder-friendly positioning.
• Forum Ventures: Early-stage fund focused on B2B SaaS founders at pre-seed/seed. Comparable in being a focused, thesis-driven early-stage fund with concentrated portfolio approach.

Emerging players

• Pledge Ventures: Venture fund investing in startups creating positive social and environmental impact. Comparable in mission-driven thesis (though broader than workforce) and early-stage focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fullcirclefundllc
• Xx.com/full_circle29

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments41 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FullCircle