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Top related persons:
— - 1 VCs - 1 Susan Lyne - 1 Nisha Dua - 1 Lyne - 1 Dua - 1 Nordstrom - 1 clamoring - 1
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York U.S Spring Nara Dua Lyne
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BBG Ventures - 1 California Endowment - 1 Mizuho - 1 Service - 1 AOL - 1 Founders - 1 Spring Health - 1 Verizon - 1

Search resuls for: "Illumen"


2 mentions found


☆ BBG Ventures raises $60 million for its latest fund and moves beyond just backing female founders
  + stars: | 2024-10-30 | by ( Leena Rao | ) www.businessinsider.com   time to read: +4 min
New York-based BBG Ventures has raised a new $60 million fund. The latest fund will invest in both female founders and those with diverse backgrounds. Ten years later, the seed stage fund has raised a new $60 million fund and is moving beyond just backing female founders to any entrepreneur from a diverse background. AdvertisementWhen Verizon bought AOL in 2015, BBG Ventures separated and raised a new $50 million fund. Related storiesDua explained that the decision to move beyond exclusively backing just female founders reflects the duo's shift in thesis around innovation.
Persons: —, VCs, Susan Lyne, Nisha Dua, Lyne, Dua, Nordstrom, clamoring Organizations: BBG Ventures, California Endowment, Mizuho, Service, AOL, Founders, Spring Health, Verizon, State of Michigan Retirement Services, Illumen, Investments, Fairview Capital, Bank of America Locations: York, U.S, Spring, Nara, Dua, Lyne
☆ Illumen Capital just closed its second fund worth $168 million to tackle racial and gender bias in asset management using this 10-slide LP deck
  + stars: | 2023-05-16 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +3 min
A fund of funds investing to make venture capital more equitable just closed its second fund. Oakland-based Illumen Capital secured $168 million to back people of color and women. An impact fund of funds tackling racial and gender bias in asset management has just closed its second $168 million fund with the Ford Foundation and W.K. As a fund of funds, Illumen Capital hopes to solve this by addressing implicit biases. When looking at the data, Illumen Capital found that they had the same revenue marks as white entrepreneurs not considered too early.
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