

Founder & Managing Partner.
Virginie Raphael is obsessed with serving founders at the earliest stages and passionate about finding ways to better align founders and funders.
Virginie launched FullCircle to scale the impact of her work with a perpetual fund structure to invest in a better workforce.
Prior to founding FullCircle, Virginie was a Managing Director at Tusk Ventures where she was an early employee and spent eight years advising and investing in early-stage founders operating in highly regulated industries, helping them think through strategy, policy, and go-to-market in complex markets. Before Tusk, Virginie honed her analytical and financial skills as a banker at Lehman Brothers/Barclays.
French-born and based in New York, Virginie is also a co-founder of Transact Global and an active thought leader on venture structure, trust networks, and the future of work. Through her "Closing the Loop" Substack and convenings such as "Work in Progress," she has emerged as a thoughtful voice on how capital, talent, and governance need to evolve to build a more transparent, collaborative, and resilient venture ecosystem.

About FullCircle.
FullCircle is a perpetual pre-seed fund investing in a more dynamic workforce by making work more accessible, rewarding and adaptable.
We invest up to $250k into initial rounds ranging $500k-$2.0M.
We are highly collaborative and network-driven, co-investing with the angels and small early-stage funds you want around the table.
We are passionate about creating lasting structural change in the workforce.
On the eve of a transformational transition toward an AI-driven economy, FullCircle focuses on creating structural change in the workforce, either by expanding access and pathways to work or preventing involuntarily workforce dropouts (often due to lack of financial stability, healthcare or caregiving). We are uniquely outcome-driven with a stage-focused, industry-agnostic investing strategy.
Pitch us here.
We value trust and transparency above all else.
We align with you right from the start as your most insightful, transparent and candid partner in executing your vision with clarity and focus. We serve founders as trusted long-term partners with shared values and a startup mentality.
