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Andreesen Horowitz and Softbank launch venture funds for diverse entrepreneurs

ImpactAlpha, June 8 – Venture capitalists have long been criticized for funding mostly white, male founders. Just one percent of venture-backed founders are Black. With racial justice thrust into the national spotlight, some of the largest VC firms are starting to take action. Andreesen Horowitz launches donor-advised fund for diverse entrepreneurs. The Talent x Opportunity,

RENEW re-ups investment in Ethiopian delivery tech startup

ImpactAlpha, June 1 – Addis Adaba-based Roadrunner is a tech platform used by delivery startup Deliver Addis, one of Ethiopia’s leading e-commerce companies. Roadrunner’s tech has helped Deliver expand from restaurant delivery to groceries and other essential goods during COVID. Small business-focused impact investor RENEW has invested a third slug of capital in Roadrunner. Terms

From second fund, ADAP Capital aims to cut small checks quickly

ImpactAlpha, May 28 – Early-stage impact investor ADAP Capital is offering something many fund managers aren’t: small-ticket checks for emerging-market entrepreneurs. The investment and advisory firm reached a second close for its second fund to make investments of $75,000 in up to 10 companies focused on alleviating poverty in low-income markets. “We’re investing at a