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Crankstart operates as a San Francisco-based family foundation dedicated to strengthening the pillars of a just society. Its core philanthropic endeavor involves providing significant grants to organizations focused on critical areas such as wider access to quality education, secure housing, social welfare, and the protection of civil rights. The foundation also extends its support to the arts, basic scientific research, and initiatives combating climate change, primarily focusing on general support and multi-year commitments to trusted partners.
The foundation was established by Michael Moritz and Harriet Heyman, stemming from an insight into the imperative of fostering societal equity. Michael Moritz, an accomplished venture capitalist, along with Harriet Heyman, envisioned a mechanism to contribute substantially to community well-being, translating their success into impactful philanthropic action. Their strategic approach to grant-making reflects a deep commitment to systemic change and long-term partnership.
Crankstart’s beneficiaries are diverse organizations working across its stated impact areas, ultimately serving communities and individuals striving for better opportunities. The foundation primarily supports groups within the San Francisco Bay Area, with occasional commitments in Chicago and the United Kingdom. Its enduring vision is a vibrant, thriving Bay Area where regional prosperity is not only robust but also equitably shared among all who reside there, fostering sustained positive societal transformation.
Key people at Crankstart.
Crankstart was founded in 2000 by Michael Moritz (Co-Founder & Chairman).
Crankstart has 1 tracked investment across 1 company. The latest tracked deal is $40.0M Debt / Series B in Mottu in June 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 30, 2022 | Mottu | $40.0M Debt / Series B | Fernando Spnola, Crankstart | Tiger Global, Verde Asset |
Key people at Crankstart.