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Builders Fund

Growth equityoperating company · company profile

San Francisco · Growth · 10 people tracked

Also known as GRATITUDE MANAGEMENT LLC

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Investment thesis

The Builders Fund targets the 'Missing Middle' in impact capital markets—a gap between venture and buyout stages where companies are underserved by traditional private equity and overcharged by banks. The fund leverages a team of experienced operators and entrepreneurs, including over thirty founding LPs who serve as operating partners, to guide portfolio companies in decarbonizing the economy, fixing food systems, improving access and affordability, and building more equitable, sustainable futures through authentic, activist brands.

Source: firm website, verified Aug 25, 2026.

Stage
Growth
Check
$20M – $200M
HQ
San Francisco, US
Instruments
Equity
Private fund assets
$187.9M
VC funds
7
Tracked investments
22

Team · 10 people

from the firm's website & public directories

What they invest in

from 17 of 22 portfolio companies

Consumer ×7Direct to Consumer ×4FoodTech ×4Impact & Social Good ×4Wellness & Fitness ×4Cleantech ×3Energy ×3Media & Entertainment ×3

HQs:United States×9

Investments · 22 tracked

founders shown can be your intro path
Aceleroacelero.netin

Acelero Learning is an early childhood education provider that delivers Head Start preschool programs to prepare children for kindergarten and partners with their families.

EdTechImpact & Social Good

Co-investorsGratitude RailroadStreet VenturesImpact Engine

Acelerolearningacelerolearning.comin

Acelero Learning is an early childhood education provider offering Head Start preschool programs that prepare children for kindergarten, serving over 5,000 children and their families annually at no cost.

EdTechImpact & Social Good

Alta Resource Technologies

Boulder, US

Matt Lipscomb(Executive Officer, Director)Nathan Ratledge(Executive Officer, Director)

BoardBradley Sheftel(Director)Stephen Rodriguez(Director)inLeo Banchick(Director)Tom Baruch(Director)in

Co-investorsAdvance Venture PartnersDCVC (Data Collective)General Mediterranean HoldingsGranite HillJuniperKinetic Ventures, L.L.C.+5 more

Barmethodbarmethod.com

The Bar Method offers barre-based full-body fitness classes focused on strength, posture, and toning, delivered through nearly 100 studio locations across the US and Canada as well as an online workout option.

ConsumerSports TechWellness & Fitness

Co-investorsRoark

BioLite

Serves non-consumers in unserved energy markets, notably electrifying families across Africa, following a new-market disruptive strategy.

Co-investorsRose Park AdvisorsRRE VenturesWhite Road Investments

Bioliteenergybioliteenergy.com

BioLite sells off-grid energy products including solar-powered string lights that double as a portable USB charger, designed for camping, backyards, and other outdoor use without access to an outlet.

CleantechConsumerDirect to ConsumerEnergyHardware

Jonathan Cedar(Founder)in

Co-investorsAutodesk FoundationRRE Ventures

Great Salt Lake Artemia

Group of member companies producing premium artemia products for aquaculture feed from Great Salt Lake.

Gslagsla.usin

Great Salt Lake Artemia harvests and processes Artemia (brine shrimp) products used as nutrition in the aquaculture industry, applying science-based harvest management and conservation practices.

AgTechFoodTech

Harmonicfinanceharmonicfinance.comin𝕏

Harmonic is a recruitment agency specializing in executive and finance leadership talent, placing candidates such as CFOs and finance/operations teams.

Future of WorkHR Tech

Mandukamanduka.com

Manduka designs and sells yoga and fitness equipment including yoga mats, Pilates mats, fitness mats, towels, and accessories, along with related apparel for men and women.

Direct to ConsumerSports TechWellness & Fitness

Co-investorsM33 Growth

Mindfulawardsmindfulawards.com𝕏

Mindful Awards is an independent recognition and awards program for consumer-packaged goods (CPG) companies and products, focused on brands with transparent, sustainable, natural, organic, and healthy practices.

ConsumerMedia & Entertainment

Mixtmixt.com

MIXT is a fast-casual restaurant chain that serves made-from-scratch salads and healthy meals using fresh seasonal and responsibly-sourced ingredients.

ConsumerFoodTechSan Francisco, US

Leslie Silverglide(Cofounder)David Silverglide(Cofounder)

Co-investorsObvious Ventures

Mo Summitmo-summit.com

MO Summit is an annual invite-style conference (held in Asheville, NC) that brings together business leaders, investors, and fund managers focused on impact capitalism and mission-aligned enterprises.

Impact & Social GoodMedia & EntertainmentAsheville, US

Posigenposigen.com

PosiGen is a residential solar company that installs and services solar energy systems for homeowners, including system monitoring and billing.

CleantechClimate TechEnergyMetairie, US

Thomas Neyhart(Executive Officer, Director)Benjamin Norwood(Executive Officer, Director)

BoardMatthew Woods(Director)Margaret Anadu(Director)Aaron Dirks(Director)Timothy Anderson(Director)

Co-investorsCallais Capital ManagementCeniarthConstellation Technology VenturesSJF VenturesEmerson Collective InvestingImpact Engine

Proofproof.ioin

Proof provides sustainability business intelligence and compliance services combining expert advisors, data procurement, and AI automation to help organizations manage regulatory risk, disclosure, and reporting.

AI & Machine LearningClimate TechSaaS

Co-investorsBlockchain Founders CapitalCV VCOxonian VenturesWorking Capital Fund

Ragnar Relay

Endurance sport company making long-distance relay racing more accessible and fun through organized team events.

Runragnarrunragnar.com𝕏

Ragnar organizes team and individual trail and road running events, offering multi-day relay races for teams of 2-12 runners as well as solo timed races at select trail events.

ConsumerSports Tech

Sambazonsambazon.com

Sambazon produces açaí-based food and beverage products, including bowls, smoothies, and juices, sold in grocery stores, cafes, and to institutions.

ConsumerFoodTechImpact & Social Good

Co-investorsKitchen Fund

Solarbuildermagsolarbuildermag.com𝕏

Solar Builder is a media outlet producing video series and content covering photovoltaic products, projects, and industry issues in distributed solar generation.

CleantechEnergyMedia & Entertainment

The Bar Method

Women-owned fitness franchise chain with 100+ locations offering an exercise format combining isometrics, dance conditioning, yoga, and interval training.

Co-investorsMainsail Partners

Traditional Medicinalstraditionalmedicinals.comMar 2017

Traditional Medicinals produces over 60 organic herbal teas and lozenges formulated for specific wellness needs such as digestion, stress relief, immune support, and pregnancy.

ConsumerDirect to ConsumerWellness & FitnessSebastopol, US

Drake Sadler(Executive Officer, Director)Jane Howard(Executive Officer)Kellison Blair(Executive Officer, Director)Blair Kellison(Executive Officer, Director)Susan Shields(Director)

BoardTripp Baird(Director)

Urban Remedyurbanremedy.comin

Urban Remedy makes ready-to-eat organic meals, snacks, and juices free from dairy, gluten, refined sugar, and unhealthy oils, sold direct to consumers online and through grocery kiosks.

Direct to ConsumerFoodTechWellness & Fitness

Neka Pasquale(Founder)

Co-investorsHinge CapitalObvious VenturesSlow Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Builders Fund made?
Builders Fund has 22 tracked investments.
What stage does Builders Fund invest at?
Builders Fund invests at the Growth stage.
What is Builders Fund's typical check size?
Builders Fund typically writes checks of $20M – $200M.
What sectors does Builders Fund focus on?
Builders Fund focuses on Cleantech, Climate Tech, Consumer, FoodTech, Healthtech, Impact & Social Good.
Where is Builders Fund located?
Builders Fund is headquartered in San Francisco, US.
Who does Builders Fund co-invest with?
Builders Fund most often shares deals with Obvious Ventures, DCVC (Data Collective), Kinetic Ventures, L.L.C., among 29 tracked co-investors.

Images

Builders Fund photoBuilders Fund photoBuilders Fund photo

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