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Knight Foundation

Foundation · Founded 1950 · Miami, United States

#65 LP Ranking #7 of 714 foundations

Knight Foundation supports informed and engaged communities, which are essential for a well-functioning democracy

124 VC firms backed
$2.4B AUM
~$122M Allocated to VC (est. 5%)
01 · Background

Who Knight Foundation is.

Historical Background
The Knight Foundation was established in 1950, originating from the Knight Memorial Education Fund created by newspaper publishers John S. and James L. Knight. Initially focused on providing college scholarships, the foundation expanded its scope to include grants for journalism, communities, and the arts, reflecting the founders' interests.
Source of Capital
The foundation's capital is derived from the wealth of the Knight family, whose fortune was built on a successful newspaper business. In its early years, the foundation's funding was supplemented by contributions from the Akron Beacon Journal and the Miami Herald.
Allocation Strategy
The Knight Foundation's grant-making is concentrated on journalism, arts and culture, and community development. While national in scope, the foundation maintains a particular focus on 26 communities where the Knight brothers once published newspapers. The foundation's investment strategy includes supporting non-profit news organizations and fostering the use of technology in its core focus areas.
02 · Fund commitments

The funds Knight Foundation backs.

Knight Foundation is a limited partner in 124 funds. 18 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Accel
United States
#4 Power Law
Andreessen Horowitz
United States
#5 Power Law
New Enterprise Associates
United States
#8 Power Law
IDG Capital
China
#27 Power Law
Benchmark
United States
#47 Power Law
Lux Capital
United States
#50 Power Law
Atlas Venture
United States
#53 Power Law
Balderton Capital
United Kingdom
#59 Power Law
Social Capital
United States
#82 Power Law
OrbiMed
United States
#98 Power Law
Meritech Capital
United States
#107 Power Law
Threshold Ventures
United States
#115 Power Law
03 · Allocation

How Knight Foundation’s fund book is spread.

The 124 funds Knight Foundation backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 120 of 124 with a location on record.

  • North America 10184%
  • Europe 1311%
  • Rest of world 65%

United States 101 · United Kingdom 10 · China 3 · Germany 1

How established those managers are

Managers grouped by how many funds they have raised — across the 65 of 124 with a fund history on record.

Emerging funds · 26
Established funds · 39
15 1
6 2
5 3
6 4
9 5-6
9 7-9
9 10-14
6 15+
Funds raised by the manager
04 · Direct investments

The companies Knight Foundation backs directly.

Knight Foundation holds 94 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA84
  2. Canada3
  3. UK2
  4. Kenya1
  5. South Africa1
By sectorCount
  1. Media30
  2. Education13
  3. Enterprise Software7
  4. Telecom7
  5. Fintech5
  6. Marketing4
  7. Event Tech3
  8. Kids3
  9. Legal3
  10. Music3
  11. Security3
  12. Sports2
By stage enteredCount
  1. Seed28
  2. Series A12
  3. Series B+5
By growth stageCount
  1. Early Growth47
  2. Breakout Stage24
  3. Late Growth7
  4. Mature1
05 · Portfolio market map

Inside Knight Foundation’s portfolio.

The 60 highest-funded portfolio companies, of 94 tracked.

MapBox
Transportation · Unicorn
$1.3B
Newsela
Media · Unicorn
$1.0B
Submittable
Media
$366M
Bluesky
Media
$400M
Wickr
Security
$6.4M
Change.org
Legal
$120M
Mic Network
Media
$26M
Vidado
Fintech
$140M
ViewLift
Sports
$32M
Tapad
Marketing
$280M
Crisis Text Line
USA
$95M
Nearpod
Education
$650M
Neighborly
Fintech
$100M
ClearGov
Fintech
$9.2M
Upworthy
Media
$32M
LiveStories
Enterprise Software
$88M
CodePath
Education
$4.0M
The Markup
USA
Newsmatch
Pixel Labs
Media
$40M
Trint
Media
$11M
WhereBy.Us
Media
Rad
Music
Blavity
Media
$26M
CODE2040
Education
$22M
Videolicious
Media
$6.0M
Akron Art Museum
USA
Signal Cleveland
USA
Indiegraf
Media
$8.8M
NewsGuard
Security
$24M
URL Media
Media
Fallen Journalists Memorial Foundation
Fatherly
Media
$16M
Democracy Works
USA
PRX
Media
$11M
ProPublica
USA
OpenNews
Media
$16M
PlaceBlogger
USA
$20M
Watchup
Media
$11M
ArtPlace America
Education
$16M
tbh
Media
$16M
Institute for Nonprofit News
USA
OwnLocal
Marketing
$5.6M
Jumo
Education
$200K
Tow-Knight
Media
$14M
Citymart.com
Event Tech
$6.0M
Lionpublishers
Media
The LAB Miami
Real Estate
$5.2M
Center for Black Innovation
USA
CrowdMed
Health
$4.8M
Guide
Media
$6.0M
Wedgies.com
Media
$2.8M
DocumentCloud
USA
Ushahidi
Enterprise Software
$800K
Authorea
Education
$6.0M
EMerge Americas
Fintech
Cortico
USA
Versa
Media
$2.8M
Numina
Security
News Revenue Hub
USA
06 · Portfolio founders

Where Knight Foundation’s portfolio founders come from.

88 founders across the 94 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States64
  2. Canada3
  3. United Kingdom3
  4. France2
  5. Germany2
  6. Israel2
  7. Argentina1
  8. Australia1
  9. Ireland1
  10. Senegal1
UniversityCount
  1. Stanford University4
  2. Columbia University Graduate School of Journalism3
  3. Massachusetts Institute of Technology3
  4. Washington University in St. Louis3
  5. Dartmouth College2
  6. Harvard Kennedy School2
  7. London School of Economics and Political Science2
  8. University of Buenos Aires2
  9. University of Pennsylvania2
  10. University of Southern California2
Previous companyCount
  1. Stanford University4
  2. Alphabet | Google3
  3. X.3
  4. ABC2
  5. Amazon2
  6. Bucksurgical2
  7. Lockwood Financial Group2
  8. MIT Media Lab2
  9. NASA2
  10. Teach For America2