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The 22 Fund

Impact investor

Growth · 6 people tracked

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Investment thesis

The 22 Fund targets the 'equity gap' facing U.S. manufacturing and exporting companies, which show higher survival rates and resilience but struggle to scale due to financial constraints. It intentionally invests in women- and BIPOC-owned/managed clean-tech manufacturing firms that are export-ready, aiming to deliver high risk-mitigated returns while creating quality jobs and advancing social and economic impact. Target companies are typically growth-stage with commercialized products, experienced management, proprietary technology or brands, operations in low-and-moderate-income areas, low technology risk, defensible market positions, and profitable operating histories.

Source: firm website, verified Sep 27, 2026.

Stage
Growth
Leads rounds
Follows
Instruments
Equity · Debt
Tracked investments
5

Team · 6 people

from the firm's website & public directories

What they invest in

from 5 of 5 portfolio companies

AI & Machine Learning ×3Advanced Manufacturing ×2Cleantech ×2Enterprise Software ×2SaaS ×2Circular Economy ×1Climate Tech ×1Creator Economy ×1

HQs:United States×5

Investments · 5 tracked

founders shown can be your intro path
Ficraficra.aiin𝕏Seed

Ficra is an AI-powered task management tool that automatically discovers tasks from connected apps like Gmail, Calendar, and Slack, creates execution plans, and executes actions upon user approval.

AI & Machine LearningCreator EconomyEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Omar El-Sadany(Founder)inMohammed Abid(Founder)in

Co-investorsY CombinatorTRAC (Third Round Analytics Capital)Caffeinated CapitalGeneral CatalystLiquid VenturesOurCrowd+1 more

Forge Roboticsforge-robotics.cominSeed

Forge Robotics develops fully modular autonomous factories composed of self-contained, self-operating production modules (welding, scanning, engraving) that can be reconfigured in software and relocated physically for manufacturers.

Advanced ManufacturingAI & Machine LearningDeep TechRoboticsSan Francisco, US

Robert Cormican(CTO)inEoin Cobbe

Co-investorsY CombinatorPerot Jain

Nature Coatingsnaturecoatingsinc.cominJul 2023 · $2.5M

Nature Coatings makes BioBlack, a biobased pigment that serves as a nontoxic, sustainably-sourced alternative to carbon black for use in textiles, cosmetics, asphalt, and other industrial applications.

Advanced ManufacturingCircular EconomyCleantechClimate TechNew MaterialsLas Vegas, US

S. Jane Palmer(Jane is the chief executive officer of the corporation.)inJane Palmer(Founder & CEO)inKevin Bratcher(President & COO)inJames Palmer(Director)

Co-investorsChrysalixCommunity Development Venture Capital AllianceE8 AngelsPortfoliaRegeneration.VCSafer Made+2 more

OpConnectopconnect.cominAug 2023 · $3M

OpConnect manufactures and deploys end-to-end fleet charging solutions for electric vehicles, serving public transit agencies, school districts, commercial fleets, and multi-family residential properties.

CleantechHardwareMobility & TransportationPortland, US

Dexter Turner(Executive Officer, Director)inRONALD GOLDSBERRY(Executive Officer)

BoardEDWARD DUGGER III(Director)inRAJAN KASETTY(Director)inJESSICA NIGRO(Director)

Co-investorsClimate Impact CapitalE8 AngelsReinventure CapitalThe BFM Fund

Wild Moosewildmoose.aiinSeed

Wild Moose builds an AI-powered on-call copilot that automates root cause analysis for production incidents, designed for engineering teams in fast-moving environments.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSNew York City, US

Yasmin Dunsky(Founder)inRoei Schuster(Founder)inTom Tytunovich(Founder)in

Co-investorsMaterialized View CapitalPioneerY CombinatorF2 Venture CapitalFormulate VenturesiAngels+4 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has The 22 Fund made?
The 22 Fund has 5 tracked investments.
What stage does The 22 Fund invest at?
The 22 Fund invests at the Growth stage.
What sectors does The 22 Fund focus on?
The 22 Fund focuses on Advanced Manufacturing, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, Impact & Social Good, New Materials.
Does The 22 Fund lead rounds?
The 22 Fund typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

#OHUBNext Masterclass: The 22 Fund's Tracy Gray - YouTube

Opportunity Hub · Tracy Gray

Podcast E010 | Tracy Gray of The 22 Fund - YouTube

Female VC Lab · Tracy Gray

Tracy Gray --The 22 Fund - YouTube

LA Venture · Tracy Gray

Images

The 22 Fund photoThe 22 Fund photo

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