# The Artemis Fund

> The Artemis Fund is a Houston- and New York-based seed venture firm that leads rounds for women founders building in fintech, care, and commerce. Founded in 2019 by Stephanie Campbell, Diana Murakhovskaya, and Leslie Goldman Tepper, the firm closed a $36 million second fund in 2024 backed by Amazon, Bank of America, and Nuveen's Churchill Asset Management. Its thesis: the founders and everyday problems most investors overlook - elder care, divorce, food-truck payments, lactation rooms - are underpriced markets with real revenue.

- **Founded:** 2019
- **Headquarters:** Houston, United States
- **Founders:** Stephanie Campbell (Co-Founder + General Partner), Diana Murakhovskaya (Co-Founder + General Partner), Leslie Goldman Tepper (Founding Partner)
- **Team size:** About 18
- **Products:** Seed-stage lead investing, Fund I, Fund II, Portfolio operating support
- **Notable:** Closed a $36M second fund in 2024, more than doubling its $15M debut fund., Built a portfolio of 20+ startups, all female-founded, with 60%+ Black, Latinx, or immigrant leadership., Portfolio companies have raised roughly $250M in follow-on capital.

## Products & services

- **Seed-stage lead investing** — Leads and co-leads seed rounds, typically in companies already generating around $1M in revenue, focused on women-founded startups in fintech, caretech, and commerce enablement.
- **Fund I** — The firm's inaugural $15M vehicle, backing 20+ female-led startups across fintech, care, and commerce.
- **Fund II** — A $36M second fund closed in 2024 to lead seed rounds in roughly 20 new companies, backed by institutional LPs including Amazon and Bank of America.
- **Portfolio operating support** — Hands-on help with financial modeling, KPI tracking, and warm introductions to a co-investor network for follow-on rounds, partly subsidized by SSBCI and Pivotal Ventures grants.

## Achievements

- Closed a $36M second fund in 2024, more than doubling its $15M debut fund.
- Built a portfolio of 20+ startups, all female-founded, with 60%+ Black, Latinx, or immigrant leadership.
- Portfolio companies have raised roughly $250M in follow-on capital.
- 2023 portfolio revenue collectively exceeded $100M.
- Attracted institutional LPs including Amazon, Bank of America, and Nuveen as an emerging manager.
- Produced a portfolio unicorn (Brij) from a Houston-based seed fund.

## Latest updates

- **2024-09** — Forbes covers Artemis raising $36M to fund diverse tech founders, detailing its mature-seed strategy targeting ~$1M-revenue companies.
- **2024-03** — The Artemis Fund closes its $36M second fund, backed by Amazon, Bank of America, Bank of Montreal, Nuveen, and Texas Capital Bank.
- **2024-12** — Artemis publishes a year-in-review recapping how it partnered, built, and grew its portfolio through 2024.

## Links

- Website: https://theartemisfund.com
- LinkedIn: http://www.linkedin.com/company/theartemisfund
- Twitter/X: https://twitter.com/fundartemis

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Profile page: https://yespress.io/the-artemis-fund
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Last updated: 2026-08-16