Gaingels
UnclaimedAt a Glance
- Check Size
- $200K – $500K
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $200M
- Sectors
- Aerospace & Defense, Digital Health, Other +2
- Founded
- 2014
- HQ
- Burlington, VT
About Gaingels
Gaingels is a unique venture capital organization that combines an investor network with a dedicated fund, founded in 2015 by Lorenzo Thione and others to support LGBTQ+ entrepreneurs and diverse founders. The organization operates as both a syndicate of individual investors and a formal venture fund, creating one of the largest networks of LGBTQ+ and allied investors in the venture capital ecosystem. Led by managing partners including David Beatty, Gaingels focuses on early-stage investments across consumer, fintech, digital health, and enterprise software sectors. The firm's approach emphasizes not just financial returns but also social impact, backing companies that promote diversity and inclusion in their hiring practices, company culture, and customer base. Gaingels has invested in over 100 companies and has become a significant force in promoting diversity in the startup ecosystem. What makes Gaingels distinctive is its dual mission of generating strong financial returns while advancing LGBTQ+ representation and broader diversity in entrepreneurship, creating a community-driven investment model that provides both capital and network support to underrepresented founders.
Investment Thesis
“LGBTQ+ focused investment syndicate backing diverse entrepreneurs and inclusive companies.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Gaingels is a syndicate rather than a single-fund manager, and its SEC footprint reflects that: more than a hundred separate company-named LLCs filing Form D from Burlington, Vermont, one per investment, covering deals from Abridge and Addi to Aalo Atomics and Akash. The structure lets the network co-invest into institutionally led rounds at any stage from pre-seed to pre-IPO without committing to a blind pool.
Two pooled vehicles sit alongside the SPVs. Gaingels 10X Capital Diversity Fund I, filed in February 2022 with David Beatty as promoter, raises on an indefinite-offering basis. Gaingels AI Fund I began selling in July 2023 and reported $8.14 million against a $10 million target by its August 2025 amendment, with Paul Grossinger as executive officer. Cumulatively the firm reports a portfolio of more than 800 companies and over $500 million invested by its network, which grew five times year over year from 2018 to 2021. The network now spans more than 4,200 individual members, 3,700 of them accredited investors.
SEC Fund Filings
- Vehicles filed, last 24 months
- 45
- Latest filing
Gaingels filed a Form D for 45 fund vehicles between Sep 26, 2024 and Sep 25, 2026. The 8 most recent:
| Fund vehicle | Source |
|---|---|
| Gaingels Abstract Atomic LLC | SEC Form D, filed |
| Gaingels Coast Pay LLC | SEC Form D, filed |
| Gaingels Reflect Orbital LLC | SEC Form D, filed |
| Gaingels Arcee AI LLC | SEC Form D, filed |
| Gaingels Foundation July 2026 LLC | SEC Form D, filed |
| Gaingels General Compute LLC | SEC Form D, filed |
| Gaingels Outpost LLC | SEC Form D, filed |
| Gaingels Petra Power LLC | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Gaingels by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (4)
Frequently Asked Questions
What stage does Gaingels invest at?
Gaingels primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Gaingels located?
Gaingels is headquartered in Burlington, VT. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Gaingels focus on?
Gaingels focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Gaingels's typical check size?
Gaingels's typical investment check size ranges from $200K to $500K. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Gaingels have under management?
Gaingels manages approximately $200M in assets under management (AUM) across their funds.
Similar Firms
Fund Operations Resources
Running a fund like Gaingels? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.