An SEC filing last year alerted us that the team was fundraising, but now it’s officially official. Aspect is also adding Melinda Gates and Cisco to its roster of LPs.
The team is “looking forward to putting this new money to work,” said Kendra Ragatz, general partner and COO at Aspect. She’s particularly enthusiastic about cybersecurity, digital health, fintech and enterprise businesses that they consider “the future of work.”
Ragatz is one of four female GPs at the top of the firm, an anomaly in the male-dominated world of venture capital. And 40% of their investments have a female co-founder, compared to an industry average of just 13%.
“Over half of our portfolio companies have gone on to raise successful follow on rounds,” said Ragatz.