Fundraising FoxGaingels
also invests · investor profileNew York City, US · Founded 2023 · 12 known investors
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Gaingels is an investment network that sources deals for its members, who join by agreeing to a membership agreement and completing KYC/AML verification. The firm invests its own money alongside members in each investment and supports its portfolio companies through an engaged community.
Also known as Gaingels Inc.
Founders & leadership
Gaingels was founded in 2023 by Paul Grossinger and David Beatty.
Investors · 12
How we know: Evolution VC Partners's portfolio page · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: Ossian Capital's portfolio page · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
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How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
Funding
SEC filings, press & company announcements$14.3M disclosed across 3 of 6 rounds · 2023–2026
▶$4.5MraisedJun 2026 · 90 investors · OtherRule 506(b)
- Paul GrossingerExecutive Officer
- Offering amount
- $10M
- Amount sold
- $4.5M
- First sale
- Feb 2024
- Incorporated
- Limited Liability Company, Vermont, 2024
- Federal exemptions
- 06b
▶$1.7MraisedJun 2026 · 31 investors · OtherRule 506(b)
- Paul GrossingerExecutive Officer
- Offering amount
- $5M
- Amount sold
- $1.7M
- Minimum investment
- $10K
- First sale
- Feb 2026
- Incorporated
- Limited Liability Company, Vermont, 2026
- Federal exemptions
- 06b, 3C, 3C.1
▶$8.1MraisedAug 2025 · 146 investors · OtherRule 506(b)
- Paul GrossingerExecutive Officer
- Offering amount
- $10M
- Amount sold
- $8.1M
- Minimum investment
- $2K
- First sale
- Jul 2023
- Incorporated
- Limited Liability Company, Vermont, 2023
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Gaingels is a venture investment network and co-investment platform that participates in private financing rounds alongside lead venture capital firms, with a stated focus on companies committed to building diverse and inclusive teams. It represents the LGBTQ+ community and its allies within the capital stack of its portfolio companies and describes itself as among the most active LGBTQIA+/allies venture investors globally, citing PitchBook's 2021 rankings of most active private venture capital investors.
The firm invests across stages, from pre-seed and seed through Series A-E+ and growth/pre-IPO rounds, and across sectors including artificial intelligence and robotics, enterprise software, fintech, healthcare and biotech, consumer products and software, climate and greentech, digital assets and Web 3.0, proptech, media and gaming, space, aviation and transportation, and defense and deep tech. Beyond capital, Gaingels asks portfolio companies to engage with initiatives such as the Gaingels Letter pledge and its Venture Inclusion Program, provides a free diverse board member and board observer recruitment advisory, and is a founding co-signer of the Diversity Term Sheet Rider Initiative. Members receive access to deal flow as well as educational resources, community events, expert panels and other programming.
Business model
Gaingels operates a member-based co-investment network: it sources private venture deals and syndicates them to member investors, co-investing with selected lead venture capital firms in the same rounds. Members pledge commitment to the firm's diversity and inclusion mission and gain access to deal flow and community programming.
Traction
As of January 2026, the Gaingels community had invested more than $1 billion since 2019 across more than 2,600 investment rounds into a portfolio of over 2,400 companies, which includes named holdings such as Brex, Carta, Better, Ro, Jackpocket, Bolt, Dataiku, Relativity Space, Tools for Humanity (Worldcoin), Udemy, Figure, WHOOP, ByHeart, Blockstream, Flutterwave, Fetch Rewards, Carbon Health, Remote, MasterClass, Dapper Labs, EquipmentShare, Mobile Premier League, Uala and Varo. The firm also tracks the number of diverse candidates placed on portfolio company boards, and portfolio outcomes it reports include acquisitions, SPACs, IPOs and wind-downs.
▸Full profile — market position, go-to-market, geography
Market position
Positions itself as among the largest and most active LGBTQIA+/allies venture investors in the world, referencing PitchBook's 2021 rankings of most active private venture capital investors, with a portfolio spanning over 2,400 companies and more than 2,600 investment rounds.
Combines financial co-investment with structured diversity and inclusion commitments: the Gaingels Letter pledge, the Venture Inclusion Program, an internal no-cost diverse board member/observer recruitment advisory for portfolio companies, and founding co-signer status on the Diversity Term Sheet Rider Initiative. Founder testimonials cited on the company site emphasize network access and process execution alongside capital.
Go-to-market
Deal access comes through co-investing with select venture capital lead investors in competitive and oversubscribed rounds, supported by a network of members, venture partners and scouts in the ecosystem who source and refer opportunities.
Two constituencies: member investors, including LGBTQ+ investors and allies seeking access to venture deals, and founders of high-growth private companies, particularly diverse and underrepresented (including LGBTQ+) leaders raising capital from pre-seed through pre-IPO.
Geography
Headquartered in New York City, United States, with portfolio investments extending internationally, including companies in India (for example, Landeed) and other markets.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
▸Research sources · 1
primary sources listed
- Gaingelsgaingels.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Gaingels do?
- Gaingels is an LGBTQ+/allies venture investment network that co-invests with lead VCs in companies building diverse teams.
- Who founded Gaingels?
- Gaingels was founded by Paul Grossinger, David Beatty in 2023.
- Who are Gaingels's investors?
- Gaingels's investors include Evolution VC Partners, Flucas Ventures, Ossian Capital, ACTivate Capital, Autodesk Foundation, Craft Ventures, Industrious Ventures, NFX and 4 more.
- How much funding has Gaingels raised?
- Gaingels has disclosed $14.3M raised across 3 of its 6 known rounds.
- Where is Gaingels headquartered?
- Gaingels is headquartered in New York City, US.