Evolve Ventures

Evolve is an umbrella organization co-founded by Bo Shao, a pioneer of China venture investing, and Oleg Gorelik, channeling the Shao family's resources toward "the evolution of consciousness." Headquartered in San Rafael, California, its for-profit arm, Evolve Ventures, was seeded with an initial $100 million fund. Beyond direct investing, sister division Evolve Foundation makes philanthropic grants and runs direct initiatives, including the Evolve OS platform supporting clean-energy workforce development. Evolve operates globally with a particular focus on the U.S. and China, deploying both financial and human capital. Evolve Ventures targets mental health, wellness, cognitive development, and technologies addressing inner and outer human suffering. Notable portfolio organizations include Insight Timer, Ten Percent Happier, The Center for Humane Technology, Tru Luv, and StrongMinds, spanning both for-profit and nonprofit models. Its investment criteria emphasize mission alignment over pure financial return, backing early-stage, purpose-driven companies with strong growth potential and meaningful societal impact.