Will Smith, the Hollywood actor, musician, and film producer, has made several investments in startups and owned companies. He has also founded his own investment firm, Dreamers VC, which provides venture capital funds for startups that focus on social issues. Some of the startups that Smith has funded include BioBeats, a company that makes digital artificial intelligence products for mental health, and Chromatik, a company that develops products to help musicians. Smith has also worn the entrepreneur's hat and owns startups like Overbrook Entertainment, an American film production company that he co-founded in 1998, and Dreamers VC, which he co-founded in 2018.
Characteristics | Values |
---|---|
Name | Dreamers VC |
Founder | Will Smith |
Co-founder | Keisuke Honda |
Type of fund | Venture capital |
Focus | Startups that focus on social problems and address them |
Location | Los Angeles, United States |
Notable investments | Better & Better, Landis Tech, Superhuman, Everyrealm, Fractional, Mesh, Gravity Sketch, Protégé, Invisible Universe, Julep, Chromatik, Carol's Daughter, BioBeats |
What You'll Learn
- Will Smith's Dreamers VC fund has invested in wellness startups like Better & Better
- Dreamers VC has also invested in oral healthcare
- Will Smith has funded startups that focus on social problems
- He has also invested in companies that help musicians learn, play and share music
- Will Smith has also invested in Landis Tech, a company that helps people rent-to-own homes
Will Smith's Dreamers VC fund has invested in wellness startups like Better & Better
Will Smith is an actor, producer, musician, and co-founder of Dreamers VC, a venture capital firm. Smith's firm has invested in a variety of companies across different industries, including entertainment, finance, and health-biotech. One of their notable investments is in the wellness startup, Better & Better.
Better & Better is a New York-based company that aims to innovate within the oral healthcare industry while also promoting social good and environmental sustainability. The startup's unique selling point is its vitamin-infused wellness products, such as their 2-in-1 toothpaste, which allows consumers to easily incorporate vitamins into their daily routines without the need for pills or additional costs.
Dreamers VC participated in a $4 million funding round for Better & Better, led by Fifth Quarter Ventures (FQV) and including other investors such as Azure Capital and Alpaca Ventures. This investment aligns with Dreamers VC's philosophy of supporting companies that imagine more efficient and inclusive futures.
"We invested in Better & Better due to the brand's focus on social good and ethos of making better habits for everyone, that are better for the planet as well," said Will Smith and Keisuke Honda of Dreamer's Fund in a press release. "The brand's innovative and unique product lineup has the potential to revolutionize personal health through existing habits, making healthier living easy. We look forward to continuing to work closely as Better & Better evolves and introduces new products, while forging a new path for wellness."
The funding from Dreamers VC and other investors will help Better & Better expand its product line, grow its retail presence, and execute an aggressive growth strategy. This investment demonstrates Will Smith's interest in supporting innovative startups that not only offer unique products but also contribute to social and environmental causes.
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Dreamers VC has also invested in oral healthcare
Will Smith's investment fund, Dreamers VC, has invested in oral healthcare, specifically in Better & Better, a wellness startup. The New York-based company aims to innovate within the oral healthcare industry to improve its customers' health and benefit the planet.
Dreamers VC participated in a $4 million funding round for Better & Better, which was led by Fifth Quarter Ventures (FQV) and included Azure Capital, Alpaca Ventures, and more.
In a press release, Dreamers VC stated that they invested in Better & Better due to the brand's focus on social good and its ethos of making better habits for everyone, which are also better for the planet. They praised the brand's innovative and unique product lineup, stating that it has the potential to revolutionise personal health through existing habits, making healthier living easier.
Better & Better's new capital will be used to disrupt the wellness industry with more vitamin-infused wellness products and to aid in the company's retail expansion and aggressive growth strategy. The company's products are designed to allow consumers to microdose vitamins through existing habits, such as brushing teeth with a 2-in-1 toothpaste infused with vitamins.
Dreamers VC's investment in Better & Better aligns with their commitment to supporting innovative companies that imagine more efficient and inclusive futures. By leveraging their global network, they connect founders with the right early-stage companies and play a crucial role in bringing these ventures to life.
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Will Smith has funded startups that focus on social problems
Will Smith is a successful investor and entrepreneur in addition to his career in the entertainment industry. He has worn the entrepreneur's hat and founded several startups, including Overbrook Entertainment, a film production company that has produced some of the greatest films, such as "The Karate Kid", "The Pursuit of Happyness", and "I Am Legend".
Smith has also demonstrated a commitment to addressing social issues by investing in startups that focus on social problems through his firm, Dreamers VC. This venture capital fund has a unique approach, aiming to support innovative companies that imagine more efficient and inclusive futures.
One notable investment by Dreamers VC is the $4 million funding round for Better & Better, a wellness startup with a focus on social good. Better & Better aims to disrupt the wellness industry with vitamin-infused products that are not only good for consumers' health but also better for the planet. This aligns with Smith's interest in supporting initiatives that positively impact communities.
Another example of Smith's investments in social impact startups is his funding of BioBeats, a company that creates digital artificial intelligence products, including wearable devices, to address mental health issues. Recognizing the potential impact of this company, Smith contributed at least $650,000 to BioBeats in 2015.
Through his investments, Will Smith has demonstrated a commitment to supporting startups that address social problems and create positive change. His involvement in these ventures not only strengthens his image but also showcases his passion for using his influence to benefit society.
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He has also invested in companies that help musicians learn, play and share music
Will Smith is a successful actor, producer, and musician, with a diverse career spanning films, television, and multi-platinum records. He has also proven himself as a savvy investor and businessman. One of his notable investments is in the company Chromatik, which builds products to help musicians learn, play, and share music.
Chromatik is a music education technology company that aims to revolutionize the way people learn and play music. It provides digital tools and resources to make music more accessible and enjoyable for musicians of all skill levels. With Smith's investment and support, Chromatik has been able to develop innovative products that cater to the needs of modern musicians.
Smith's interest in music and technology has led him to invest in companies that align with his passions. Chromatik's products not only help musicians improve their skills but also facilitate collaboration and sharing among music enthusiasts. This investment reflects Smith's commitment to supporting innovative ventures that have a positive impact on people's lives.
In addition to Chromatik, Smith has made several other investments in various industries. He has a keen eye for promising startups and has invested in companies across entertainment, health, finance, and more. He is also a co-founder of Dreamers VC, a venture capital firm that supports early-stage companies by connecting them with its global network.
Smith's investment in Chromatik and other ventures demonstrates his diverse interests and his willingness to support innovative companies that align with his values and passions. His involvement in these companies not only provides financial support but also helps them gain exposure and credibility.
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Will Smith has also invested in Landis Tech, a company that helps people rent-to-own homes
Will Smith has a diverse career, encompassing films, television, and music. He is also a successful business owner and investor. Smith co-founded Dreamers VC, a venture capital firm that has made 28 investments to date. One of these investments is Landis Tech, a company that helps people rent-to-own homes.
Landis Tech, founded by Cyril Berdugo and Tom Petit in 2018, is a fintech company that works with prospective homeowners who are unable to qualify for a mortgage due to poor credit, lack of down payment savings, or debt. The company uses underwriting technology to determine if the client will be able to afford a mortgage in the next 12 to 24 months. If the client is deemed mortgage-ready, Landis gives them a budget to pick a property and purchases the home for them. The client then rents the property from Landis until they are financially ready to buy it back at a predetermined price. This model is a spin on the rent-to-own strategy employed by other companies, but Landis also provides financial coaching to help clients improve their credit and save for a down payment.
Landis raised $165 million in debt and Series A equity funding in 2021, with Dreamers VC among the investors. This funding was intended to expand the company's operations into new states and improve the user experience. At the time of the funding announcement, Landis was operating in 29 cities across 11 states and planned to increase that to 20 states by the following year. The company's typical client is a first-time homebuyer with a budget between $110,000 and $400,000, and the $165 million was expected to be enough to acquire around 1,000 homes in that range.
Will Smith expressed his support for Landis's mission in a press statement, saying, "Landis is an innovative company that also has a social mission we are aligned with. We are excited to be part of a journey that helps Americans achieve homeownership through financial education."
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Frequently asked questions
Will Smith co-owns the investment fund Dreamers VC.
Dreamers VC provides venture capital funds for startups that focus on social problems and address them.
Will Smith's net worth is estimated to be $350 million.
Will Smith has made 28 investments.
Will Smith's most recent investment was in the startup Better & Better, a wellness company.