D’Amelio family to invest upto $23M in high-growth startups
- ByStartupStory | March 5, 2022
D’Amelio (American tiktok star and dancer) including TikTok stars and digital creators Charli D’Amelio and sister Dixie, are formalizing their investments in startups with the launch of a new VC fund, 444 Capital. The family is teaming up with Doug Renert of Tandem Capital and producer Jeff Beacher of Beacher Media Group on the fund, which aims to back high-growth companies with strong end-user brands, including those in the direct-to-consumer space, fintech, edtech, healthcare, insurtech and other B2B2C platforms.The fund has a target of up to $25 million, some of which has already been raised and deployed.
The D’Amelio family said the fund will have a particular focus on women- and high growth startups.
“Our family wants to help a new generation of female and minority entrepreneurs build great companies. We hope to play a growing role in leveling the startup playing field over time,” Dixie and Charli D’Amelio said in a joint statement.
Though the sisters are the best-known family members due to their TikTok stardom, their parents Marc and Heidi are also participating in 444 Capital.
“The new fund will join with top VCs to invest in Series A and later rounds of fast-growing companies that want to accelerate their growth even more,” confirmed Greg Goodfried, Head of the D’Amelio Family Enterprises.
The D’Amelios came to be connected with Renert through Beacher, who had been working with several Tandem portfolio companies on their influencer marketing campaigns. The D’Amelios, Renert and Beacher will use their collective networks to source the deals, and will be looking to co-invest alongside top VCs who lead the rounds.
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