Return on Inclusion
Photo credit: Good Work Network
Return on Inclusion | November 23, 2020
Grassroots groups are mobilizing communities to take racial justice from protest to progress
With $30 million in grants to 60 local and national racial justice organizations, Kresge Foundation is seeking to harness the power of this …
Community Finance | November 19, 2020
LISC looks to “10X” investment in closing racial wealth gaps
ImpactAlpha Nov. 19 – The Local Initiatives Support Corp. wants to scale up the response to addressing persistent disparities in wealth, health and …
Dealflow | November 16, 2020
‘Justice tech’ and edtech ventures selected for gener8tor social enterprise accelerator
ImpactAlpha, November 16 — The Madison, Wis.-based gBeta Social Impact’s virtual accelerator is supporting 10 founders addressing equity in education and criminal justice …
Illustration by Tomi Um.
Dealflow | November 12, 2020
Twitter invests $100 million in OFN’s new racial justice fund
ImpactAlpha, November 12 — Google, Netflix, PayPal, Square. Twitter is the latest big-tech firm to throw its weight — and corporate cash — …
Creative Economy | November 3, 2020
Equity crowdfunding grows up with new $5 million limit on ‘Reg CF’ offerings
ImpactAlpha, Nov. 3 – Businesses from microbreweries to football clubs to electric vehicle makers and ‘mom & pop’ shops have made use of …
Dealflow | October 29, 2020
New and under-represented fund managers get a $50 million boost from Paypal
ImpactAlpha, Oct. 28 – The online payments company is injecting $50 million into eight early-stage venture funds run by Black and Latino managers to …
Catalytic Capital | October 28, 2020
LISC bets on Fearless Fund with $750,000 investment in first-time fund managers
ImpactAlpha, Oct. 27 – One of the best ways to get more capital to entrepreneurs of color is to have more venture funds …
Impact Voices | October 28, 2020
Why investing corporate cash to close racial wealth gaps can shore up long-term growth
Technology has enabled some big winners in the world of commerce. The five largest U.S. companies by market cap – Apple, Microsoft, Amazon, …
Catalytic Capital | October 27, 2020
Impact America’s $55 million second fund is hunting for unicorns in the disruption of systemic racism
ImpactAlpha, Oct. 27 – Kesha Cash has raised $55 million to look for technologies that address one of the largest market inefficiencies of our …
Entrepreneurship | October 20, 2020
When founders of color prosper, so will entrepreneurship in the post-COVID economy
ImpactAlpha, Oct. 20 – Investors and advocates are increasing their focus on Black and Brown-owned businesses, which even before COVID struggled to access …
Entrepreneurship | October 20, 2020
Path to 15|55 has $100 million in commitments to grow Black businesses
Business ownership and entrepreneurship are some of the best tools we have to grow the wealth of Black communities. “The median net worth …
Entrepreneurship | October 20, 2020
How corporations can make good on their racial equity pledges
Netflix and Goldman Sachs are in vastly different businesses, but in formulating their responses to the racial crisis facing America, these corporations came …
Dealflow | October 19, 2020
Chelsea Clinton’s VC fund backs edtech startup Fiveable
ImpactAlpha, October 19 – Back in July, Axios reported that Clinton was “kicking around the idea” for a venture fund to invest in …
Clean Energy | October 15, 2020
Investors see a ‘blue wave’ of growth opportunities in sustainability and inclusion
ImpactAlpha, Oct. 15 – “Pro-business” really does have a new meaning. Just a few weeks ago, U.S. investors were said to be fretting about …
Michael “Killer Mike” Render, Ambassador Andrew J. Young and Ryan Glover are founders of Greenwood, the first digital banking platform for Black and Latinx people and business owners. Greenwood features best-in-class online banking services and innovative ways of giving back to Black and Latinx causes and businesses.
Dealflow | October 12, 2020
Greenwood raises $3 million for a digital bank for Black and Latinx customers
ImpactAlpha, Oct. 12 – ‘Neobank’ Greenwood, founded by former Atlanta mayor Andrew Young, rapper Michael ‘Killer Mike’ Render, and Bounce TV’s Ryan Glover, …