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Rafaella Fontes

Capital Formation at Fulcrum Venture Group

Santa Monica, California

Overview 

Rafaella Fontes is currently a Venture Capital professional based in Santa Monica, California, with a focus on Impact & Innovation. With a Master of Business Administration from MIT and experience at Fulcrum Venture Group and other notable organizations, she excels in project management, team management, due diligence, and sourcing within the Food and Beverage and ClimateTech/CleanTech sectors. Fontes has made significant contributions as an Investor at Supply Change Capital and GoingVC Partners, showcasing expertise in data analysis, pattern matching, and managing events, while also serving as a Co-President at Latina Venture Students and an InSITE Venture Fellow at InSite.

Work Experience 

  • Defense & Space Tech Vertical Lead

    2025 - Current

EVCA is a non-profit association that supports the next generation of venture capital investors.

  • Partner, Head of Capital Formation

    2024

    FVG backs early-stage companies developing breakthrough dual-use technologies that bolster national security. We target innovations that bridge defense and commercial markets, ensuring the U.S. stays ahead in global defense through strategic investments in visionary founders. Focus: Early-stage (Pre-seed & Seed) aerospace & defense-adjacent technologies Key Sectors: AI, Energy, Advanced Manufacturing & Materials, Supply Chain & Logistics, Cybersecurity, Space, Computing What sets us apart? We’d like to share more about how we’re identifying the most promising investment opportunities and how you can be a part of our journey. I’d love to set up a time to discuss how we can work together to make a tangible impact on our country’s future.

  • Investor

    2024 - 2024

    Climate Tech investment strategy under Sound Ventures ($1B AUM) • Supported and executed fundraising strategies, driving capital formation efforts for institutional raise, and collaborated with top tier service providers • Advised and connected portfolio companies to follow-on capital partners • Conducted thematic-driven research to identify emerging trends, guiding investment decisions across key sectors and supporting a strategic approach to sourcing high-potential opportunities

  • Co President

    2021 - 2024

  • Investor

    2022 - 2024

    • Sourced investment opportunities across dev tools, healthcare, enterprise software, and climate tech • Oversaw diligence through IC approval, and created marketing materials for corresponding SPV raises

  • Investor

    2022 - 2023

    • Sourced investment opportunities and managed deal pipeline, cataloging >3K deals since June 2021 and investing in 18 companies • Oversaw diligence and market mapping across sectors such as: cold chain, ag tech robotics, supply chain traceability, regenerative CPG • Led weekly investment committee meetings. Some notable investments: FoodReady (B2B enterprise SaaS); Partnerslate (B2B Marketplace & SaaS); Robigo (AgTech); Michroma (B2B ingredient tech); Aquacultured Foods (B2B2C ingredient biotech) • Designed and documented process from sourcing to investment. Developed intake, screening, and diligence frameworks • Led analysis on investment pipeline trends, conversion rates as deal quality indicators, productive deal sources, and founder diversity progression • Represented firm as a panelist, judge, volunteer, or committee member at investor and start-up industry events globally • Developed partnerships with 10 top universities and managed cumulative 14 students from top Master’s programs for 10-16 week fellowships

  • Venture Capital Fellow

    2021 - 2022

Supply Change Capital is an early-stage venture capital firm investing at the intersection of food, culture, and technology.

  • InSITE Venture Fellow

    2020 - 2021

    Premier venture capital and startup fellowship for graduate students

InSite Intelligence is a leading provider of business intelligence solutions for buildings and the business needs they support.

  • Event Director

    2020 - 2021

    Largest and longest-running competition for student-led climatetech startups in the world with over $2.8M in awarded prizes.

  • U.S. Brand Director

    2018 - 2020

    Developed the company's brand strategy, identified market opportunities and designed a marketing plan to implement campaigns that would expand the company's target audience.

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