Anne Hathaway has joined the Pact, an all-women led venture capital firm, as a member of their board of directors. The company is also hoping to raise $500 million to help it fund mission-driven companies tackling global challenges. The actress joins other investors such as Silicon Valley VC firms Andreessen Horowitz and Union Square Ventures.
Pact is an all-women led seed investment firm with a mission dedicated to disrupting the global economy and creating social impact for women worldwide using its network of entrepreneurs, partners, and supporters. Anne’s involvement will help fill in the East Coast area that was previously left without representation from New York City.
“Anne Hathaway embodies the qualities we have been looking for in a partner: she is an incredible advocate for women and social impact, has a deep respect for female entrepreneurs and an ability to help us reach new funders and supporters. We are honored to welcome her to the Pact team,” said cofounder of Pact, former Kleiner Perkins VC Ellen Pao.
The actor has been very vocal about her passion towards social issues, particularly regarding women’s rights. She recently returned from Lesbos in Greece where she was visiting the refugee camps on the island; she shared a video of herself hugging refugees who had just arrived at Lesbos with the hashtag #RefugeesWelcome. In addition to her advocacy, she’s also been a judge on Project Runway.
“As a member of the board of directors at Pact, Anne will help us raise capital for socially responsible companies that have the potential to have an impact in areas such as health care, education, and the environment,” added cofounder of Pact, former Kleiner Perkins VC Ellen Pao. “I am delighted that Anne has chosen to join the Pact team to help us achieve our goals.”
Since its founding in 2013, Pact has been doing seed investments in companies that are either mission-driven or solving global challenges. In November 2016, it raised $50 million from Andreessen Horowitz and Sequoia Capital.
Recently the firm closed a series A round of funding of $100 million led by the Qatar Investment Authority. The fundraising was one of the largest for an all-women startup venture capital firm in history.
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