# Fledge

Fledge is an Asset Manager based in Seattle, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** fledge.co
- **LinkedIn:** https://www.linkedin.com/company/fledgehq

## Regulatory record

- **Reports private funds:** No

## About

Fledge is a mental health education platform serving parents, educators, schools, and organizations in the education sector. Founded in 2022, it offers digital components, in-person programs, and educator development opportunities. Based in Calgary, Alberta.

## Sectors

- AgriTech & FoodTech
- Energy Transition & Renewables
- Education

## People

- Michael 'Luni' Libes — Founder and Managing Director

## Questions

### Who runs investment decisions at Fledge?

Michael 'Luni' Libes operates as the founder and managing director, overseeing both the accelerator programs and the affiliated investment funds. Co-founder Jumaane Tafawa leads the parallel holding company Africa Eats, which co-invests in some of the same African agribusinesses that graduate from Fledge accelerators. The firm's public materials position Libes as the central decision-maker for fund commitments.

### How does Fledge's investment process work?

Fledge invests $15,000 to $20,000 in each company accepted into its two-month accelerator, using a revenue-based financing structure designed to align the firm's returns with the startup's growth trajectory. After the program, the firm's venture funds can make follow-on investments, but only into accelerator graduates. Libes advocates a high-volume portfolio construction strategy, arguing that 100-company portfolios statistically outperform concentrated bets in early-stage impact investing.

### What is the relationship between Fledge and Africa Eats?

Africa Eats is a spin-off holding company co-founded by Michael Libes and Jumaane Tafawa that co-invests alongside Fledge in African agribusiness and food-sector startups. While Fledge operates accelerators and seed funds globally, Africa Eats focuses exclusively on scaling African companies that address hunger and rural poverty, often investing in the same fledglings after they complete a Fledge program.

### How does Fledge source its deal flow?

Founders apply directly to Fledge's accelerator sessions, which run in cities across multiple continents. Each cohort is selected from open applications and filtered for mission-driven, for-profit business models. Because Fledge's investment funds only back companies that have gone through the accelerator, the program itself functions as the firm's proprietary sourcing engine.

### What is the mandate of the Realize Impact foundation?

Realize Impact is a philanthropic entity connected to Fledge that helps foundations and families blend investment capital with grants. It extends the accelerator's impact-first philosophy into structured philanthropy and blended-finance transactions, operating as a separate vehicle from the for-profit funds.

## Related profiles

- [Flatz Hoffmann](https://altss.com/profile/flatz-hoffmann)
- [Flerie](https://altss.com/profile/flerie-invest)

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Last updated: 2026-06-03T20:00:00.000Z

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