Billionaire-backed investment firm Monarch Collective has expanded the size of its fund in light of the continued surge in popularity of women’s sports.
The fund, which launched in 2023 is expanding from $150 million to $250 million, with most of the additional capital coming from existing investors, which include Melina French Gates’ Pivotal Ventures, Hello Sunshine CEO Sarah Harden, and former Netflix executive Cindy Holland and partner Annie Imhoff.
New investors have come on board, too, the firm said in an announcement Thursday, including Beth Brooke, Ernst & Young’s former global vice chairman of public policy, and Elizabeth Yee, executive vice president of programs at The Rockefeller Foundation.
“We’ll be the largest fund in women’s sports,” said Kara Nortman, Monarch co-founder and managing partner. “You hear a lot of noise about people starting it now, but we’ve been at it for awhile.”
Monarch Collective formed to invest…
