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Why Gaingels: Interviews, Careers, & Portfolio

Get to know Gaingels’s track record, sector focus, interview process, compensation, and mission
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    Gaingels Overview

    Gaingels is a venture capital investment firm located in Burlington, Vermont.

    The firm primarily invests in companies who have a diverse and underrepresented leadership (including LGBTQIA+) and also promotes progressive social values.

    David Beatty and Paul Grossinger founded Gaingels in 2014. The name of the firm is a combination of “gay angels” and “gaining from angels.”

    The firm started as a small group of angel investors consisting of LGBTQIA+ investors who also support companies established by those in the same community.

    Outside of the United States, Gaingels also has offices in London, Toronto, and Australia.

    Gaingels logo

    Gaingels AUM

    As of January 2022, Gaingels has $600 million in assets under management.

    Gaingels Interview Process & Questions

    Each candidate may go through a different interview process, depending on what the firm sees fit. But if you interview at firms like Gaingels, there’s a good chance you’ll experience the following:

    • More or less 4 to 6 rounds of interviews
    • For initial rounds, the HR team or junior investment professionals take the lead, while more senior staff take charge of the later rounds
    • Expect the whole interview process to take several weeks, unless it’s “on-campus” or “on-cycle” recruiting

    You can also expect a combination of technical / investing questions, behavioral questions, and fit questions when you interview at Gaingels.

    My Growth Equity Interview Guide can serve as a good preparation material in case you are looking for one.

    Why Gaingels

    “Why this firm” is one of the most commonly asked questions during interviews, and also a crucial question you need to properly answer.

    If you’ve made connections during your networking efforts prior to interviews, this is the perfect chance to mention them and explain how the stories and experiences at the firm motivated you to apply.

    Another thing you can do is to learn more about the firm. For this, I’d suggest listening to interviews with its founders, partners, management team, and key personnels.

    This way, you’ll better understand how they operate and come up with an impressive answer.

    For example, here’s an interview with Jennifer Jeronimo, CEO of Gaingels:

    YouTube video

    More Interviews

    Gaingels Case Study

    When you interview at Gaingels, expect to face a case study. Firms use case studies to assess each candidate’s level of technical knowledge and ability to communicate.

    Typically, case studies revolve around investment recommendations and financial modeling, But junior roles are often asked to do a cold calling case study too.

    To help aspiring investors like you, I’ve tackled case studies inside my Growth Equity Interview Guide course.

    Gaingels Salary & Compensation

    According to Glassdoor, research analysts can earn a median total pay of $76K, while finance associates make around $79K per year at Gaingels.

    There is no available data regarding salaries of investment analysts and associates at the firm. But the two mentioned positions are entry-level roles.

    Figures vary depending on your experience, skills, education, and other factors.

    Research Analyst

    Gaingels salary

    Finance Associate

    Gaingels salary

    Gaingels Careers, Jobs, & Internships

    Check out our job board and be the first to know when Gaingels (or other top Growth/VC firms) publish open roles.

    Gaingels Portfolio & Investments

    According to Crunchbase, Gaingels has made 808 investments across 18 funds. Some of their notable deals include OverT Bio, Testmate Health, and Latus Bio.

    Notable Transaction: PAXAFE

    PAXAFE is a risk management platform which uses AI to improve operations, reduce product losses, and optimize decision making of cold chain carriers and shippers.

    In May 2024, PAXAFE announced that they secured $9 million in Series A funding led by Framework Venture Partners and M12.

    Gaingels, alongside Elevate Ventures, Mana Ventures, Ubiquity Ventures, Rosecliff, and Venture 53, also participated in the funding round.

    This new funding brought the total investment raised to date by PAXAFE to $14 million.

    PAXAFE plans to use the investment to meet the growing customer demand, accelerate product innovation, and also expand globally.

    Next Steps

    Looking to become a professional investor at Gaingels? Increase your chances of securing a role after you go through my Growth Equity Interview Guide.

    It’s a self-paced interview preparation guide that will teach you concepts and topics that are usually tackled during interviews such as financial modeling, case studies, and more. Check it out and start learning today!

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