Investor profile
Rogue Women's Fund
Micro-fund
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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.”
“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 identifies new investment opportunities for Rogue and leverages her previous experience to assist portfolio companies with growth.”
Team
Caroline Lewis
Managing Partner, Founder
Tom Sperry
Partner, Co-Founder
Adam Stoll
Partner, Co-Founder
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Flourish Care | Seed | $1m | 2026-03-23 |
| Empromptu | Seed | $6m | 2025-12-10 |
| Lovu Health | Series A | $4m | 2025-09-11 |
| Seven Starling | Series A | $3m | 2025-09-05 |
| Cercle | Seed | $7m | 2024-09-19 |
| AllVoices | Seed | — | — |
| Ellevest | Seed | — | — |
| Slumberkins | Seed | — | — |
| Wellthi | Seed | — | — |
| Clickvoyant | Seed | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| SJF Ventures | 2 |
| Magnify Ventures | 2 |
| Precursor Ventures | 1 |
| Rethink Impact | 1 |
| Zeal Capital Partners | 1 |
| Outsiders Fund | 1 |
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