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ScaleGood Fund operates as a social impact investment venture capital fund, committed to delivering both strong financial returns and quantifiable social impact performance. The firm employs an investment thesis centered on backing companies that demonstrate a clear promise of robust financial growth alongside measurable contributions to societal good, thereby bridging the gap between traditional venture capital and impact investing principles.
The fund's inception is linked to key figures such as Blaine Labonte and Ashif Mawji, both serial entrepreneurs with backgrounds in successful ventures and direct investments. Their founding insight recognized the potential for financial success and positive societal progress to be intrinsically linked, challenging the perception that these objectives are mutually exclusive. This approach stems from a belief that strategic investments can yield both substantial profits and significant community improvement.
ScaleGood Fund primarily serves impact-driven entrepreneurs and ventures poised for considerable growth and systemic change. Its vision is to foster a future where economic prosperity and social advancement are seamlessly integrated, actively proving that doing well can align perfectly with doing good. The firm aims to accelerate businesses that offer exceptional solutions and have the potential to create a lasting, positive impact on communities.
ScaleGood Fund has 2 tracked investments across 2 companies. The latest tracked deal is $4.0M Seed in NiaHealth in June 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2025 | NiaHealth | $4.0M Seed | Golden Ventures | 1984 Ventures, 75 & Sunny, Aleph VC, AlleyCorp, Bain Capital Ventures, Coelius Capital, CRV, FJ Labs, Foundation Capital, Insight Partners, Koch Fund, LAUNCH, NextView Ventures, NOT Boring Capital, Pareto Holdings, SoftBank Investment Advisers, Team8, The HIT Forge, Version ONE Ventures, Balaji Srinivasan, EFI Cohen, Eric WU, Evan Williams, Fabio Cannavale, Konstantin VON Unger, Rich Simoni, Arati Sharma, Bob. Wertz, Ivan Yuen, Jason Smith, Jonathan Ehrlich, Kathy Butler, Kyle Braatz, Satish Kanwar, Zach Coelius, Garage Capital, The51 |
| Nov 30, 2023 | Nucleos | $3.0M Other Equity | — | Sanjay Srivastava, IT1, WGU Labs |