Acumen America is seeking a Summer Venture Capital Associate with a passion for investing, impact, and technology to help support our growing U.S. portfolio. This is an outstanding opportunity for someone with strong investment judgment, financial analysis skills, exceptional energy, and a provencommitment to social change.
Acumen America
Launched in 2015, Acumen America is the U.S. investing arm of Acumen Fund, Inc., an organization founded in 2001 with the mission of investing in businesses whose products and services address challenges faced by low-income populations around the world. To date, Acumen has invested approximately $312 million in 241 companies that have impacted over 719 million lives.
In the U.S., inequality and poverty are persistent barriers to progress across the economic and social landscape. Acumen America makes venture investments in disruptive, early-stage companies that are improving the lives of low-income Americans. The entrepreneurs we support are building market-based, technology-enabled solutions to increase access to high-quality products, services, and opportunities for economic mobility. Through our work with our portfolio companies, we aim to be a laboratory for entrepreneurial solutions to poverty in America. Since 2015, we have invested in 46 companies impacting 9.7M Americans directly.
We believe in the power of a diverse portfolio, and 60% of our companies have a founder of color and 43% have a female founder. The team is responsible for finding, vetting, structuring and managing investments in companies that serve low-income Americans in our three portfolio sectors: financial services, workforce development, and health. Acumen America is a small team based in San Francisco.
Position Summary
The Summer Associate will help generate investment themes, source new investment opportunities, evaluate and support entrepreneurs, conduct due diligence on transactions, and support internal projects to help drive portfolio growth. The Summer Associate will use their business skills to evaluate the market positioning, scalability, and defensibility of mission-driven startups that aim to generate market-based returns and lasting social impact.
More specifically, the responsibilities of the Summer Associate may include the opportunity to: