In 2018, just one percent of venture capital dollars went to Black start-up founders, according to a Silicon Valley Bank study. Founders of color have a harder time getting initial funding, and they get less of it. The ongoing health and economic crises –both of which are hitting communities of color the hardest— exacerbate the struggle to access capital. Rethink Impact is working to change that.
Founded by Jenny Abramson who also leads the organization as a managing partner along with Heidi Patel, Rethink Impact focuses on investing in underrepresented founders, particularly female-led businesses, with innovative business models in the areas of health, education, sustainability and economic empowerment. It is the nation’s largest venture equity fund dedicated to female entrepreneurs addressing critical social challenges through technology.
Comments