diverse

“B2B Market Emerges as The Folklore Secures $3.4M Seed to Expand Brand Reach in Global Retail”

Amira Rasool 2024 Min
The capital, which brings total funding raised by the startup to $6.2 million, will enable it to serve more brands. For diverse brands in particular, there are a lot of economic hurdles that these groups face, which makes it even harder for them to access capital. Its other offering is a labor marketplace for brands not in a position to hire full-time teams but require talent occasionally. Its community of brands recommends the talent or manufacturer, who are listed on the marketplace after several stages of vetting. Brands gain access to the labor marketplace, capital and other resources, upon signing up (at a cost) on the startup’s main product, the B2B marketplace and SaaS product.

Second Fund for Inclusivity-Centered Ada Ventures Raises $80M in Capital

The Ada Ventures Team At I Hub On The Imperial White City Campus London Home Of Ada Portfolio Company Micrographia Bio
With the second fund, Ada says it will invest between £250,000 and £1.5 million in pre-seed and seed stage startups, with a “significant amount” allocated for follow-ons. So far, 12 investments have been made from the second fund. Ada claims 30% of the investments from Fund I and Fund II were sourced this way. Warner retorted: “There are 350+ fantastic female VC partners in Europe. : “I think every leader of every VC fund needs to do whatever we can to attract the best talent in the industry.

“Empowering Entrepreneurs: Artemis Fund Secures $36 Million to Support Diverse Innovators Tackling Complex Challenges”

Artemis Gps
The Artemis Fund, which invests in underrepresented founders, closed on its second fund with $36 million in capital commitments. “We really wanted to make sure that our LPs aligned with our long-term goal of backing diverse founders,” Murakhovskaya told TechCrunch. VC investment itself continues to be fairly stagnant in these areas, according to my colleague Dominic-Madori Davis, who crunched the numbers on venture capital funding to these demographics earlier this month. Female founders and co-founders secured more capital overall in 2023 than they did in 2020, according to new Pitchbook research. For Fund II, Artemis intends to continue leading and co-leading investments and will target around 20 new companies.

Building Diverse Startups: The Impact of Plug In South LA in an Underserved Community

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Derek Smith, the founder of Plug In South LA, grew up in southern Los Angeles and saw first-hand the frustration that stems from lack of economic development. And it’s why Smith’s ultimate goal for Plug In South LA is to smooth the way for Black and brown entrepreneurs looking to build tech startups and need help and guidance. “We really want to support those founders and entrepreneurs who can build businesses that can scale broadly,” Smith told TechCrunch. Smith sees a bevy of underutilized talent in areas like South LA. Vaughn Blake, a partner at Blue Bear Ventures, says he met Smith right after he launched Plug In South LA and was asked to participate on a panel during one of the early demo days.

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