Health & lifestyle investors raising $150M for Builders Fund (exclusive)

Image Credit: isak55 / Shutterstock
NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is a week away! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.

Investor Tripp Baird is raising $150 million for a new San Francisco-based fund, according to a filing with the Securities and Exchange Commission.

Baird is forming the fund, dubbed Builders Fund, alongside Vishal Vasishth, a long-time managing director with India-based SONG Investment Advisors and former chief strategy officer at Patagonia. SONG was created to stimulate job opportunities and economic growth by investing in small and medium-sized businesses in India. Target sectors include financial services, renewable energy, and education.

Both Baird and Vasishth are listed on the filing, but they have remained tight-lipped to the press about the fund. It’s not yet clear if Vasishth will invest (he’s described as an “advisor” to an early-stage fund in a post from October, 2013).

Baird has over a decade of experiencing investing in organic foods, lifestyle, health, and sustainability ventures. On his LinkedIn page, he writes that his new early-stage investment fund, presumably Builders, “backs companies that help people live more healthy and sustainable lives while addressing social and environmental issues, making the world a better place.” Given Vasishth’s international experience, it’s likely the fund will make investments in non-U.S.-based ventures.

We reached out to Baird for more information about the fund and will update you when we learn more.

We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more, with ChiefDigitalOfficer. Help us out by filling out the survey, and we'll share the results with you.