Dealflow | December 7, 2020

Rise of the Rest backs Black-led startups

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 7 — Three Black-led, U.S.-based companies landed a combined $2 million in investment capital and other commitments through Revolution’s Rise of the Rest pitch competition for Black founders last week.

The competition was part of the Washington, D.C.-based firm’s Rise of the Rest Seed Fund, a vehicle that invests in U.S. states outside of California, New York and Massachusetts, which attract nearly 75% of all venture capital. Revolution is raising its fourth  fund. 

The winners

Chicago’s Rheaply helps organizations recycle unused items. Dallas-based Zirtue’s digital lending platform simplifies lending between friends and family. Also in Dallas, software-as-a-service platform Kanarys helps companies advance diversity, equity and inclusion in the workplace.