TBC Bank gets $10 million to support female entrepreneurs in Uzbekistan
TBC UZ offers lending, payments and other banking services via mobile phone in the Central Asian country. It will use the loan from …
Tagged with: Women Entrepreneurs
Moving toward greater sustainability in the beauty industry: The role of plant-based hair extensions and Black beauty brands
The beauty industry, long criticized for its environmental impact, is undergoing a significant transformation toward greater sustainability. One notable development in this shift …
Dorcia Whitebrake, an Everytable franchisee candidate. Photo by Everytable.
With inclusive loans and business support, franchise ownership offers a path to wealth for entrepreneurs of color
ImpactAlpha, May 18 — Employee ownership is having a moment. One promising strategy: democratizing the franchise model to widen pathways to ownership and …
Photo by Amplifica.
Amplifica Capital raises $11 million to invest in women tech founders in Latin America
ImpactAlpha, January 17 — Mexico City-based Amplifica Capital has raised $11 million for its first venture capital fund. The fund will make early-stage …
Photo by MEDA.
ImpactAlpha Deal spotlight: Financing women-led small businesses in Africa
ImpactAlpha, December 9 — Small businesses are drivers of jobs and inclusive economic growth. In Africa, where more than half of small businesses …
Photo by MEDA.
How Mastercard Foundation’s $200 million Africa Growth Fund invests at the intersection of gender lens and good jobs
ImpactAlpha, December 6 — An African consortium led by Mennonite Economic Development Associates, the international development organization known as MEDA, will manage Mastercard …
Image by standret on Freepik
African Women Impact Fund secures initial $60 million for gender-lens investments
ImpactAlpha, September 26 — South Africa’s Standard Bank Group and the United Nations Economic Commission for Africa are looking to raise $1 billion …
Janngo Capital secures €34 million for its African gender-lens fund
ImpactAlpha, September 12 — Fatoumata Ba launched Janngo Capital at the World Economic Forum in Davos in 2020 to help bridge the capital …
Goodr scores $8 million to combat hunger and reduce waste in underserved communities
ImpactAlpha, July 7 — Black and Brown communities are more likely to face food insecurity than white communities, says Feeding America. Jasmine Crowe …
Theia's founders Flavia Deutsch and Paula Crespi. Photo credit: Theia.
Theia scores $6.4 million for maternal health in Brazil
ImpactAlpha, April 18 — More than 80% of births in Brazil are via cesarean sections, far above the World Health Organization’s recommendation of …
Photo credit: General Mills.
General Mills invests $15 million in Fearless Fund and Supply Change Capital
ImpactAlpha, April 14 — Minneapolis-based General Mills backed the pair of women of color-led funds as part of its commitment to advance racial …
Insitor’s second Impact Asia Fund secures $42 million for early-stage investments
ImpactAlpha, March 30 — Singapore-based Insitor Partners launched in 2009 to help bridge the gap in venture funding for early-stage companies in Asian …
Maria Velissaris. Photo credit: SteelSky Ventures.
SteelSky Ventures raises $47 million to back women’s health ventures
ImpactAlpha, March 24 — Women founders in the U.S. received less than 2% of total venture capital invested last year. Women-led health ventures …
Photo credit: Lolita Taub.
Visa and Ford foundations back Black-led fund to invest in funds led by minority and female managers
Impactalpha, March 9 — West Hartford, Conn.-based Fairview Capital Partners teamed up with Ford Foundation in 2019 to launch Fairview Foundations Emerging Managers …
Photo by Flickr.
Impact Investment Exchange lists $30 million Women’s Livelihood Bond on the Singapore Exchange
ImpactAlpha, January 31 — Singapore-based Impact Investment Exchange has listed WLB4Climate on the Singapore Exchange. Proceeds from the $30 million bond will be …
Left to right: Felicity Gooding, Jenna Palumbo and Nicola Forrest. Photo credit: Minderoo Foundation.
Minderoo Foundation launches $100 million women-led strategic impact fund
ImpactAlpha, December 22 — Minderoo Foundation has invested in six entities to date, including Toronto-based Ulula, which makes software to help companies engage …
Alitheia IDF secures $100 million for an African gender-lens fund
ImpactAlpha, December 20 — Alitheia IDF, a joint venture between women-led fund managers Alitheia Capital and IDF Capital, aims to positively impact women …
Photo by Christina @ wocintechchat.com on Unsplash
Echoing Green and Goldman Sachs team to back Black women social innovators
ImpactAlpha, October 19 — New York-based Echoing Green will receive $1 million to create fellowships (applications are open) for Black women social entrepreneurs …
Photo credit: Talkspace.
Hearst’s Level Up Ventures to invest in Black and Latinx tech founders
ImpactAlpha, October 7 — Media conglomerate Hearst launched Level Up Ventures to make cash investments in pre-seed and seed rounds for Black- and …
Photo credit: Apple.
Apple’s inaugural Impact Accelerator includes 15 Black and Brown climate startup founders
ImpactAlpha, August 18 — The accelerator is part of Apple’s $100 million Racial Equity Equity Initiative launched in June 2020. The three-month training …
Photo by Christina @ wocintechchat.com on Unsplash
Zeal Capital Partners and Female Founders Fund raise funds to advance inclusion
ImpactAlpha, July 14 — Washington, D.C.-based Zeal Capital raised $62.1 million for its inaugural fund from Truist Ventures, Paypal, Synchrony, Skoll Foundation, Bank …
Photo credit: Arlan Hamilton.
Backstage Capital portfolio companies raise follow-on investments
ImpactAlpha, June 23 — Arlan Hamilton created Backstage Capital in 2015 to back “underestimated” founders and unlock value (see, “Arlan Hamilton, Backstage Capital”). …
Photo credit: Bob Owen / San Antonio Express-News.
Kroger Innovation Fund and Village Capital to accelerate 10 food-tech startups
ImpactAlpha, May 13 — Halving U.S. food waste is a $14 billion annual investment opportunity. The Kroger Co. Zero Hunger Zero Waste Foundation, …
Sixty8's Kelli Jones. Photo credit: Cheddar.
Sixty8 Capital raises $20 million to back underrepresented tech founders
ImpactAlpha, May 11 — Indianapolis-based Sixty8 Capital has raised $20 million for a venture fund that aims to invest in more than two …
Founders First’s Kitty Fund makes micro-investments in “mompreneurs”
ImpactAlpha, Apr. 13 – The pandemic has been challenging for many small business owners, but mothers have faced particular burdens as childcare routines have …
PC: Reinventure Capital.
MassMutual backs Reinventure Capital fund for diverse founders
ImpactAlpha, April 8 — A Reinventure Capital impact venture fund, led by Edward Dugger III, received a “catalytic commitment” of $5 million from …
Kathryn Finney. Photo by Genius Guild.
Genius Guild scores $5 million financing to back Black-led tech ventures
ImpactAlpha, April 6 — Racial inequities have cost the U.S. economy more than $16 trillion over the past two decades. Closing racial gaps …
Harlem Capital closes $134 million second fund to back diverse entrepreneurs
ImpactAlpha, April 1 — New York-based venture firm Harlem Capital aims to invest in 1,000 companies led by women and minority founders over …
Goldman Sachs commits to investing $10 billion in Black women
ImpactAlpha, March 11 — Goldman Sachs is looking to impact at least one million Black women by 2030 via a $10 billion commitment …
Black Tech Nation Ventures aims to build an inclusive tech ecosystem in Pittsburgh
ImpactAlpha, March 9 — Tech startups in the city of bridges attract about $3 billion a year. Black Tech Nation’s Kelauni Jasmyn launched …
Photo credit: VeggieVictory
Startups in Singapore, the U.S. and Nigeria attract capital for animal-free products
ImpactAlpha, March 3 – Singapore’s Next Gen raised $10 million for its plant-based chicken products. Singapore Economic Development Board, NX Food, FEBE Ventures and …
Founders First scores $9 million to deploy revenue-based finance to diverse founders
ImpactAlpha, March 2 — Revenue-based financing investment firm Founders First Capital Partners invests in underfunded and underrepresented small businesses across the U.S. The …
Photo credit: Kuli Kuli
Opportunities at the intersection of gender and climate
ImpactAlpha, March 1 – Capital is flowing to climate solutions. Climate bonds have topped $1 trillion. SPACs, or special purpose acquisition companies are …
Photo credit: SheEO
Women’s investment community SheEO commits $500,000 to five entrepreneurs
ImpactAlpha, February 23 – Serial entrepreneur Vicki Saunders launched SheEO in 2015 to redesign how women-led businesses are supported. The Toronto-based network of 30,000 …
Promise raises $20 million to help people pay essential bills
ImpactAlpha, February 22 — One out of every 10 Americans are struggling to keep up with their monthly bills as a result of …
Panoramic Ventures hunts for underserved founders in overlooked markets
ImpactAlpha, February 10 — Atlanta-based Panoramic Ventures is a partnership between tech entrepreneur and angel investor Paul Judge and BIP Capital, a venture …
Catalyst Fund backs six early-stage African fintech ventures
ImpactAlpha, February 3 — Catalyst Fund supports emerging-market entrepreneurs expanding access to basic goods and services. The accelerator has committed £80,000 ($110,000) to …
Bank of America places $150 million with minority-led fund managers
ImpactAlpha, January 28 — Bank of America is backing 40 minority-led fund managers to bridge the funding gap for Black, Latinx, women and …
Black-led real estate firm East Chop Capital closes $4 million fund
ImpactAlpha, January 12 — Columbus, Ohio-based East Chop Capital, founded by a pair of Black real estate investors and developers, has rallied Black …
Grameen America raises $17.5 million for second microfinance fund
ImpactAlpha, December 18 — Grameen America, started by Grameen Bank founder Muhammad Yunus, has been providing low-income women business owners with access to …
Photo credit: HEVA Fund
A guide for fund managers investing in gender equity
ImpactAlpha, November 17 – Venture capital, private equity and debt firms raised $4.8 billion for strategies focused on gender equity in 2019, up …
Photo credit: mHUB
Chicago’s mHUB raises $5 million to build an inclusive ‘hardtech’ ecosystem
ImpactAlpha, November 12 – Early-stage hardware companies get only a small slice of the venture capital pie—roughly $1 for every $15 software and …
Chingona Ventures backs SUMA Wealth to help U.S. Latinos build wealth
ImpactAlpha, November 3 – Beatríz Acevedo built mitú, a media and entertainment company for young Latinos. Now, she has adapted the engagement tools …
Catalyst Fund secures $4.3 million to accelerate digital commerce in Ghana
ImpactAlpha, October 22 – Catalyst Fund supports local fintech entrepreneurs to accelerate access to basic goods and services in emerging markets. A new …
Lightship Capital invests in fashion brand Haute Hijab
ImpactAlpha, September 23 – Melanie Elturk founded Haute Hijab to serve hundreds of millions of Muslim women underserved by global clothing brands. Backstage …