Focuses primarily on companies with programs that are in clinical testing or can be in less than 18 to 24 months
About the Gund Vision Fund
Gund Vision FUND
The Gund Vision Fund, formerly the Retinal Degeneration Fund (RD Fund), is the venture philanthropy arm of the Foundation Fighting Blindness and a 501(c)(3) not-for-profit subsidiary. Launched in 2018 as the first and only fund solely dedicated to advancing therapeutics for inherited retinal diseases and dry age-related macular degeneration, the Fund bridges the critical funding gap between discovery-stage research and drug development.
Thanks to the extraordinary leadership and catalytic support of Gordon, Lulie, and the Gund family, the Fund has evolved from an idea into a proven model for accelerating treatments and cures. The model is proven, the impact is measurable, and the opportunity ahead is larger than ever.
The name reflects that inflection point. It is simple, intuitive, and powerful. "Vision" connects directly to our mission of preserving and restoring sight, while also conveying the broader idea of being visionary in how we deploy capital to accelerate outcomes. "Fund" reinforces that this is a disciplined investment vehicle, distinct from traditional philanthropy, and positions the Gund Vision Fund clearly with donors, partners, and investors.
All financial returns from the Fund's investments are recycled back to the Foundation to further its mission, including supporting the Fund's evergreen structure for continued deployment of donor capital.
FACTS OF THE FUND
Uses a variety of investment strategies including equity, convertible debt, royalties, and project-based co-funding
Deploys a geographically agnostic approach, investing globally across IRDs and dry AMD
Targets initial investments of $1 to $5 million (Seed to Series B), with up to $10 to $15 million in follow-on reserves
Leverages the breadth and depth of the Foundation's knowledge, global relationships, and resources, including the My Retina Tracker Registry, Clinical Consortium, and Scientific Advisory Board
Operates under an evergreen model in which realized gains are reinvested into new opportunities, creating a self-sustaining structure
Returns proceeds to the Foundation Fighting Blindness when portfolio companies exit, furthering the broader research mission
Gund Vision Fund Independent Board of Directors
The Gund Vision Fund has an independent Board of Directors comprised of prominent investors, business executives, and clinicians who oversee the investment portfolio and ensure alignment with the Fund's mission. The Board is charged with balancing risk and return, ensuring diversification across indications and therapeutic modalities, and maintaining both clinical and financial accountability.
Gund Vision Fund Management
A disciplined and experienced team leads the sourcing, due diligence, and venture financing of high-impact therapeutic companies advancing treatments for inherited retinal diseases and dry AMD, while generating returns to further the mission of the Foundation Fighting Blindness.
Foundation Fighting Blindness Leadership
Key leaders from the Foundation Fighting Blindness provide governance, transactional, and scientific strategic guidance to the Gund Vision Fund, ensuring its investments align with the mission of delivering transformative breakthroughs for people living with blinding retinal diseases.
Development and Fundraising Leadership
Key philanthropic professionals identify and cultivate relationships with aligned funders who can provide both catalytic capital and deep expertise to accelerate impact.