Stefanie Thomas

Stefanie Thomas

United States

Head of Investments at the Impact America Fund


Stefanie is one of six operators deploying capital in early stage technology ventures at Impact America Fund (IAF). Her background includes entrepreneurship, impact investing, and global banking with more than 10 years of transaction and deal making experience.

North America

Stefanie joined IAF to combine years of transactional experience with a passion to drive more equitable capital in venture. Stefanie has centered her efforts around network effects that propel the work of bootstrapped entrepreneurs—an ode to her father who overcame tremendous challenges as a low-income business owner.

Prior to IAF, she co-founded two social enterprises and led development for an evergreen impact investment fund at a private university. In 2014, a 6,000 mile road trip to work with entrepreneurs across the US led to her deepened involvement in building more inclusive entrepreneurial ecosystems and amplifying the economic imperative for venture investment in overlooked markets.

Before the switch to venture, Stefanie served as a Vice President in Citigroup’s global banking division. She received her M.B.A. from the Ross School at the University of Michigan and her B.S. in Economics from the Wharton School at the University of Pennsylvania.

About Impact America Fund

Impact America Fund (IAF) is a boutique venture capital firm with a thesis for scalable models that have a mission to create equitable economic opportunities for communities of color in the US. The fund makes direct equity investments in high-growth technology companies from the seed to Series A rounds. In 2020, IAF closed $55M for its Fund II, making it the largest venture capital fund with a sole Black woman General Partner (Kesha Cash).