What Include Ventures does

Include Ventures, Inc. is a U.S.-based fund of funds founded in 2021 and headquartered in San Francisco, deploying capital into emerging venture and private equity fund managers. The firm invests across Consumer, Enterprise, Fintech, Frontier, Health/Wellness, Web3, and Impact sectors, with stated geographic coverage spanning the U.S., LATAM, Africa, and Europe. Its core product is a fund vehicle that selects and commits to emerging fund managers, supplemented by a public manager intake form that operationalizes the top of the deal pipeline and a branding construct called the "Include Franchise" that signals an ecosystem approach beyond pure capital allocation.

The firm serves two customer segments: institutional and accredited investors seeking exposure to emerging-manager-led venture and PE portfolios, and emerging fund managers seeking institutional capital and credibility. The go-to-market is relationship-driven; the team of approximately four (Founder & Managing Partner Bahiyah Yasmeen Robinson, CFO Rosa Estrada, Senior Associate Adriana Embus, and Investor Ananya Chatterjee) conducts manager sourcing across multiple geographies and supports LP engagement. The revenue model is consistent with industry convention: management fees on assets under management and carried interest on realized gains, though no AUM, fund size, or revenue figures are publicly disclosed.

The competitive position is anchored by the founder's profile (Aspen Finance Leadership Fellow, Bloomberg New Voices Fellow), multi-regional coverage, and a formalized manager intake process. Key gaps in disclosure — specifically AUM, fund size, LP composition, and revenue — limit confidence in scale and unit economics. As a 4-person team operating since 2021 without publicly disclosed funding rounds, the firm should be evaluated as an early-stage emerging-manager-focused fund of funds whose trajectory is contingent on closing and growing its underlying fund vehicles.

Name

Include Ventures

Legal name

Include Ventures, Inc.

Website

https://includeventures.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Include Ventures is a San Francisco-based fund of funds founded in 2021 that invests in emerging venture and PE fund managers across the U.S., LATAM, Africa, and Europe, serving institutional and accredited investors.

Ownership category

akta.pro rank

Product category

Fund of Funds Management

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)

Keywords

• Fund of funds
• Impact investing
• Venture capital allocation
• Private equity platform
• Emerging managers

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: As a fund of funds, Include Ventures generates revenue through management fees charged on assets under management and performance fees from portfolio fund returns. The firm serves as an intermediary between investors seeking impact-aligned returns and emerging fund managers requiring capital deployment.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Include Ventures is a U.S.-based fund-of-funds manager that deploys investor capital into a diversified portfolio of emerging venture capital and private equity impact fund managers across the U.S., LATAM, Africa, and Europe. The firm acts as an intermediary matching institutional and accredited investors with emerging managers, operating through a platform approach (the Include Franchise) backed by a formal fund intake process.

Product overview

Include Ventures operates as a U.S. based fund of funds investment company. The core offering is the IV Fund of Funds, which provides institutional and accredited investors access to an unparalleled pipeline of emerging fund managers in the VC and PE impact space across the U.S., LATAM, Africa, and Europe. The Include Franchise serves as the overarching holistic ecosystem that connects these fund managers and founders to drive both alpha and impact. The Fund Intake Form functions as a submission mechanism for fund managers seeking consideration for the fund, completing the platform's closed-loop ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• IV Fund of Funds A fund-of-funds investment vehicle that provides institutional and accredited investors exposure to a diversified portfolio of emerging fund managers in the venture capital and private equity impact space across the U.S., LATAM, Africa, and Europe.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights8 records

Emerging players

• Toniic: Global network of impact investors and fund managers facilitating co-investment and fund discovery; comparable as an emerging-manager discovery and LP-introduction platform.
• ClearlySo: Impact investment advisory and capital introduction firm connecting institutional investors with impact-fund managers; comparable as an intermediary in the impact-manager-to-LP funnel.

Direct peers

• Capria Ventures: Global fund-of-funds and GP-seeding platform for emerging impact fund managers across emerging markets; highly comparable in mission, vehicle structure, and target geographies.
• AiiM Partners: A fund-of-funds focused on emerging impact and climate fund managers globally; the closest direct competitor to Include Ventures given similar emerging-manager sourcing thesis and impact orientation.
• Yellowwoods Capital: Multi-strategy investment platform operating fund-of-funds and direct vehicles across emerging markets; comparable on FoF structure and emerging-region allocation focus.
• Pontis Capital Partners: Emerging-manager focused fund-of-funds manager in private equity and venture; directly comparable in the emerging-manager curation model and institutional LP go-to-market.

Broad incumbents

• Acumen Capital Partners: Established impact investment organization deploying capital into early-stage impact funds and companies across Africa, LATAM, and South Asia; comparable on impact orientation and emerging-region focus.
• Closed Loop Partners: Investment firm focused on the circular economy deploying capital through funds and direct investments; comparable on impact thesis and emerging-manager ecosystem engagement.
• BlueEarth Capital: Impact-focused investment firm aggregating capital into fund managers and direct investments globally; comparable as a larger, established impact-fund aggregator with FoF exposure.
• KfW Development Finance: German development finance institution channeling institutional and public capital into emerging-market funds; comparable as a large-scale FoF-style investor into the same emerging-manager universe.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/include-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Include Ventures