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Investing in racial justice by shifting narratives, power and capital

An eclectic set of venture capital firms and institutional investors are flipping the script. If racism is a systemic risk, they’re seeking systemic opportunities in overcoming its legacy and investing in justice and equality.

OurCrowd eyes $100 million for “pandemic tech” startups

ImpactAlpha, June 4 – Israel-based venture investing platform OurCrowd wants to support emerging health and medical tech innovations, as well as startups addressing social needs, like education access. “We must plan for future pandemics because this story is just beginning,” wrote OurCrowd’s Jonathan Medved. As many as 20 of OurCrowd’s portfolio companies are already working

Varo raises $241 million to expand inclusive digital banking in the U.S.

ImpactAlpha, June 4 – Varo is among the wave of online banking platforms promising to be more customer-friendly. Its basic account charges no fees, including on overdrafts up to $50. The company’s focus on inclusive financial services and financial management support “really matters at a time when so many American families are struggling in a