Better Tomorrow Ventures
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BTV is what happens when experienced institutional VCs get serious about impact investing without sacrificing returns discipline. Carolan and Saper bring real credibility from top-tier funds, which means they actually understand how to build valuable companies, not just feel-good startups. They're refreshingly honest about needing commercial success alongside impact - no naive do-gooder stuff here. The downside? They can be pretty demanding on metrics and milestones, treating impact measurement with the same rigor as financial KPIs. If your impact story is mostly marketing fluff, they'll see right through it.
- —Best for: Climate/impact startups that want institutional-grade VC experience
- —Watch out for: Rigorous impact measurement requirements alongside financial metrics
- —Known for: Experienced partners who won't sacrifice returns for good intentions
Better Tomorrow Ventures invests in startups that create positive impact while generating strong returns, focusing on technology solutions that address climate change, healthcare, education, and social equity. They believe profitable businesses can drive meaningful social and environmental change.
Primarily seed and Series A investments ranging from $500K to $5M, with heavy concentration in climate tech, fintech for underserved populations, healthcare access, and workforce development. Portfolio skews toward B2B SaaS and marketplace models with measurable impact metrics.
Former Menlo Ventures partner with 20+ years experience, known for enterprise software investments. Co-founded BTV to focus specifically on impact investing while maintaining institutional-grade returns expectations.
Ex-Emergence Capital partner who led investments in Salesforce ecosystem companies. Brings deep enterprise SaaS experience and strong founder network from his previous fund.
Former operator and consultant focused on sustainability and impact measurement. Handles much of the fund's climate tech sourcing and due diligence on environmental impact claims.
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