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Rogue Women's Fund

Micro-fund

USB2B SaaSEnterpriseHealthtechAI/MLFintechConsumer

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Investment thesis

Rogue Women's Fund is an early-stage venture capital firm investing in women-led B2B SaaS, Enterprise, and B2B2C software companies. The fund writes an average check size of $500K, can lead or join a round, and focuses on seed-stage companies with first or second iterations of technology, early revenue, and valuations under $10M. Investment sectors span women's health, the care economy, experience tech, and foundational industries — targeting companies incorporated in the US, with a deliberate focus outside major coastal hubs. A core value of the fund is moving more capital into the hands of women founders. Beyond capital, Rogue Women's Fund shares GP carry profits with every portfolio founder, provides paid executive coaching, personal financial coaching, childcare subsidies, and planning support. As Managing Partner Caroline Lewis has stated: 'My mission with Rogue Women is simple: move more venture capital into the hands of women. Because when women control more capital, they create not just outsized returns, but also outsized impact. When women control capital, they control the future.'

Notable quotes

My mission with Rogue Women is simple: move more venture capital into the hands of women. Because when women control more capital, they create not just outsized returns, but also outsized impact. When women control capital, they control the future. And that's the future I'm building for my children and our next generation.

Caroline Lewis · Mia Birk Substack — 'Venture Capital: The Quiet Force That Shapes Society' · 2025-08-22

In a venture market flooded with capital chasing the same opportunities, Rogue Women's Fund stands apart. We invest early, are hands-on, lead, and invest across the US outside the major hubs.

Caroline Lewis · Rogue Women's Fund website — roguewmn.com

Caroline identifies new investment opportunities for Rogue and leverages her previous experience to assist portfolio companies with growth.

Caroline Lewis · Investor Connect Podcast — 'Investor Connect: Caroline Lewis of Rogue Venture Partners'

Team

Caroline Lewis

Managing Partner, Founder

B2B SaaSHealthtechEnterpriseFintechConsumer

Tom Sperry

Partner, Co-Founder

B2B SaaSEnterprise

Adam Stoll

Partner, Co-Founder

B2B SaaSEnterprise

Recent investments

CompanyRoundSizeDate
Flourish CareSeed$1m2026-03-23
EmpromptuSeed$6m2025-12-10
Lovu HealthSeries A$4m2025-09-11
Seven StarlingSeries A$3m2025-09-05
CercleSeed$7m2024-09-19
AllVoicesSeed
EllevestSeed
SlumberkinsSeed
WellthiSeed
ClickvoyantSeed

Frequent co-investors

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