Star power: Anne Hathaway joins as partner in fund run by women



The actress is one of the backers of Pact, a $36 million fund focused on startups in the inclusive economy, wellness and climate technology sectors

That Anne Hathaway is a versatile woman, many know it: the Hollywood star, in addition to being an award-winning actress, also shows her clutches as a singer, entrepreneur and ambassador of the United Nations. However, she is now also a partner in Pact, a women-led global impact fund.

With the support of Hathaway, the pact announced the creation of a $36 million fund, focused on European startups with high-impact ideas, in the inclusive economy, well-being and climate technologies sectors. As reported by TechCrunchthe average investment will be between 1.2 and 1.8 million US dollars.

In addition to Anne Hathaway, other famous partners also joined the company. The head of the AI GoogleJeff Dean, and one of the founders of TechCrunch, Keith Teare, are also in the mix. The fund is led by three executives with VC fund experience in Silicon Valley and the Asian market: Tong Gu, Reem Mobassaleh Wyndham and Monik Pham.

On the participation of a major Hollywood star in her body of investors, Reem Mobassaleh Wyndham highlighted the shared values ​​between the actress and the CovenantπŸ‡§πŸ‡·

β€œOne of its great causes is childcare, and the lack thereof, as the last frontier for gender equality. And that’s something we experienced firsthand as three female executives who had our first children while picking this fund. We’ve had to figure out how to overcome the structural headwinds to be able to do both. That’s one of the lessons we hope to share with the ecosystem, and that’s where Anne comes in,” Reem said in an interview with TC.

The first investment of Covenant He was in growing kitchen, a London-based startup launching sustainable food brands based on data insights. The previous investments of pact include the Clauseacquired by docusignπŸ‡§πŸ‡· onan electric vehicle subscription service; Perlego, an online learning platform; and African fintech Yoco.

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Source: Terra

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