Project Sage

​​The first Project Sage, published in October 2017, tracked 58 vehicles deploying almost $1.3 billion in capital, almost half of which were launched that year and the majority of which were based in the US. Project Sage 2.0, published in November 2018, identified 87 total funds, along with exciting new developments in geography and theme. The most recent Project Sage 3.0, published in July 2020, has data through 2019, and has 138 funds and structured vehicles, collectively with $4.8 billion in capital raised. Project Sage 4.0 built on prior reports, highlighted new aspects of gender lens investing, and provided an updated picture of the field today. There were 206 total funds in the survey, representing almost 50% growth from the previous iteration.

We aim to continue to have the most comprehensive scan of gender lens funds, globally. Please email ea@catalystatlarge.com and copy suzanne@biegel.net to be considered, or for an Excel version of the report.

More articles and press on Project Sage:

Project Sage 4.0: Alternative Finance Trends in Gender Lens Funds and Why They Matter

Project Sage 3.0: Key Insights from the Latest Gender Lens Investing Report

Gender-Smart Investing: More than two dozen new funds investing with a gender lens (Impact Alpha)

7 takeaways from Project Sage 2.0 (Wharton)

Project Sage 2.0: The rise of the intersectional venture fund (LinkedIn)

Project Sage 2.0: Social impact funds with a gender lens (LinkedIn)