Kapor Capital
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Diversity, Equity, and Inclusion
- Climate Change
- Social Impact
Environmental Achievements
- 300K+ CO2 reduction in tons (aggregate across portfolio companies)
- Planet FWD helped brands reduce carbon emissions per product by 35% on average
Social Achievements
- 70% of founders in the Kapor Capital portfolio come from underrepresented backgrounds
- 82% of Fund III companies have an underrepresented founder
- 5M people enrolled in health coverage (aggregate across portfolio companies)
- 13.8M patients served (aggregate across portfolio companies)
- 7K job placements (aggregate across portfolio companies)
- Thrive Market became the first online-only retailer to accept SNAP EBT payments
Governance Achievements
- Partnership with Diversity VC to assess DEI best practices
- Thalamus became the first medical education technology company to convert to a public benefit corporation
- Thrive Market became the first US grocer to be classified as a Public Benefit Corporation
Climate Goals & Targets
Environmental Challenges
- Decline in venture funding to underrepresented founders (71% drop for Black-founded startups from 2022 levels)
- Low percentage of venture capital deployed to women and minority founders
- Underinvestment in Latine-led companies in Fund III
Mitigation Strategies
- Expanding talent sourcing strategy outside the Bay Area
- Growing talent network pipeline
- Intensifying efforts to source women-led companies
- Providing constructive feedback on women-led pitches
- Using data to identify areas for improved sourcing resources