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Suma Wealth, a 3-year-old fintech company that combines culturally relevant content and experiences with financial tools to help Latinos build wealth, raised $2.2 million in new funding. Leading the round was Radicle Impact, which was joined by Vamos Ventures, OVO fund, and the American Heart Association Impact fund. She got the idea for Suma during the pandemic when she saw its disproportionate impact on Latinos, Acevedo told TechCrunch. Along with closing the seed round, Suma announced that it had passed 1 million users on its platforms and acquired Intellecto, a platform designed to personalize users' learning experiences. Check out the pitch deck that Suma used to raise its most recent funding.
Persons: Suma, Beatriz Acevedo, Acevedo, they've, Wells Organizations: Vamos Ventures, American Heart Association, Ulu Ventures, Fund, Chingona Ventures, Business, FDIC, Suma, JPMorgan Chase, TechCrunch Locations: Wells Fargo
Gable helps distributed companies manage flexible office spaces for their workforces. The startup connects employees with coworking spaces to book and helps execs manage office budgets. Gable recently raised $12 million in Series A funding, led by SemperVirens and Foundation Capital. Additionally, the startup will launch new products in the upcoming months, including event management and headquarter management tools, she added. Here's an exclusive look at the 21-slide pitch deck that landed Gable $12 million in Series A funding from SemperVirens, Foundation Capital, and others:
Cenoa, a fintech startup cofounded by the former CTO of Getir, has raised $7 million in funding. The startup enables customers to access USDC, a digital asset tied to the US dollar. We got an exclusive look at the 11-slide pitch deck used to raise the fresh funds. A startup that has developed a digital wallet where users can hold a stablecoin pegged to the US dollar has raised $7 million in seed funding. In the UK, for example, Cenoa works with FCA-registered Transak so that users can deposit and withdraw funds using local banking networks.
Abortion telemedicine startup Hey Jane raised $6.1 million in funding. Reproductive health startups are receiving more attention from VCs following the fall of Roe v. Wade. The fall of Roe v. Wade earlier this year has caused some states to restrict access to abortions and has thrown reproductive rights into the spotlight. Hey Jane raised $6.1 million in Series A funding from female-led Ulu Ventures, The Helm, Amboy Street, Portfolia, and G9. Moving forward, a key area of focus for Hey Jane will be increasing awareness of medication abortion to the general public, as well as access.
Once only for the superrich, angel investing is now open to anyone with a few thousand dollars. With an estimated 360,000 active angel investors, it's become a favorite pastime in Silicon Valley. "It felt like gambling," David Spreng, a veteran venture-debt investor who's been angel investing as a side hustle for more than a decade, said. He wrote his first angel check shortly thereafter, a $1,000 investment in an electric-aircraft maker. The currency of Silicon Valley"Your currency, for lack of a better term, in Silicon Valley is you either started a company or you angel invest, right?"
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