Bank of America backs Coyote Ventures’ femtech-focused fund

Coyote Ventures is led by former Impossible Foods biochemist Jessica Karr.

  • Coyote Ventures Fund I’s other limited partners include The Case for Her and Tripple Family Office
  • Firm was founded by Jessica Karr in 2021
  • She was an early employee and biochemist at Impossible Foods

Coyote Ventures, a new venture firm focused on early-stage women’s health and wellness startups, has secured an investment from Bank of America for its inaugural fund. No financial terms were disclosed.

In addition to Bank of America, Coyote Ventures Fund I’s other limited partners include The Case for Her and Tripple Family Office.

femtech, women in VC, women in private markets, diversity
Jessica Karr, Coyote Ventures

Led by general partner Jessica Karr, the San Francisco firm has already invested in six startups, all of which are focused on helping the health and wellness industry move towards gender equity.

“According to data from Pitchbook, of the $105 billion invested in health and wellness startups in the US in 2021, only 2 percent was invested in solutions that serve women,” Karr said in a statement. “This is a massively underserved market that we estimate is valued at over $1 trillion globally. We are beyond excited that Bank of America has committed as a partner in driving more early-stage funding in this critical space.”

An early employee and biochemist at Impossible Foods, Karr founded Coyote Ventures in 2021.