Dealflow | November 8, 2021

Northwestern Mutual accelerator backs five Black founders

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, November 8 — The inaugural cohort of the Black Founder Accelerator, launched by the Milwaukee-based financial services giant earlier this year, includes HUED, a health care startup backed by Serena Williams’ Serena Ventures and Female Founders Fund.

The second cohort includes CrossKudi, which manages a money transfer platform for immigrants; Mark Labs, a shareholder engagement software company for sustainable investors; and hiring platform Qualifi. The five startups will get $100,000 investments  and access to Northwestern’s network of insurance and financial experts.

Racial equity

The accelerator is run by gener8tor to help U.S. Black founders in fintech, insuretech, digital health and data analytics. Northwestern in June created a $100 million impact fund for Black fund managers.