hen Mackey Leventis, a Cohort 14 member of GoingVC, first encountered Nikhil Basu Trivedi's “The Venture Capital Flowchart '' in the GoingVC curriculum, it deeply resonated with him. The concept of earning the privilege to invest in a founder and committing to help their team in every possible way became his guiding principle. This vision led him to Bri Kimmel and Worklife Ventures, where he found a firm that embodies this philosophy.
As Mackey joins Worklife Ventures in Investor Relations & Strategic Finance, he is thrilled to be part of the firm's exciting journey as it launches its third fund. Worklife Ventures' mission is to reshape the future of work, making it more creative, flexible, and human-centric.
Journey from Fund I to Fund III
- Fund I (2019): Worklife Ventures set its foundation with a focus on remote and flexible work. The first $10M fund laid the groundwork for a modern work environment. Fund I is currently performing exceptionally well with a 4.01x Multiple on Invested Capital (MOIC) and 0.49x Distributed to Paid-In (DPI). This fund backed top-performing companies like Settle, Deel, Hightouch, Equals, and Hex.
- Fund II (2021): Focusing on empowering Creators, Worklife Ventures aimed to democratize entrepreneurship by investing in platforms and tools that provide access to entrepreneurial resources. This $30M fund marked Worklife's next chapter with continued co-investments alongside top-tier firms, exemplified by investment in Vantage and Tome, and even leading an investment round in GC AI.
- Fund III (2024): Worklife Ventures is currently in the process of raising its third fund. Fund III will be a $50M core fund with a similarly sized select fund to follow-on in top performers. The core fund will focus on strengthening experts through AI, targeting technologies that leverage AI to create leaner, more capital-efficient companies by streamlining operations and enhancing decision-making processes. Investment from Fund III is expected to commence in Q1 2025.
Investment Approach
Worklife Ventures is dedicated to being a humble, practical, and accountable partner for founders. The firm's approach centers on building strong, collaborative relationships with portfolio companies.
The Team
The team at Worklife Ventures avoids corporate jargon, favors clear and straightforward communication, simplifies go-to-market challenges, and collaboratively solves complex problems by drawing on collective expertise and fresh perspectives.
Founders Receive:
- A hands-on approach with dedicated support for a select few companies,
- Full transparency and frequent communication, ranging from daily texts to monthly detailed business reviews, and
- An immersive team involvement in every aspect of the business, from product development to customer acquisition.
By embracing these principles, Worklife Ventures is building a supportive ecosystem that empowers founders to create innovative solutions. The firm's commitment to fostering creativity, flexibility, and human-centric work environments is unwavering. As Worklife Ventures continues to grow and evolve, Mackey is excited to contribute to the mission and support the next generation of visionary companies.
Final Thoughts
Worklife Ventures is committed to reshaping the future of work through strategic investments and a collaborative approach. Whether you are a founder seeking investment, a potential LP, or interested in joining the team, Worklife Ventures is open to new opportunities to reshape the future of work. For more information about Worklife Ventures and its investment philosophy, visit their website or reach out to mackey@worklife.vc.
Interested in the full research paper?
Join to receive Venture Capital research, guides, models, career tips, and many other great insights delivered straight to your inbox.
