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Black Founders Matter presses VCs to pledge commitment to diversity

TechCrunch

Today, at the helm of the Black Founders Matter venture fund, Michel has kept that mentality. The fund announced today the formation of the 25 by 25 Pledge , which encourages venture capitalists to commit to investing a quarter of their funds into BIPOC women founders by the year 2025. I just see it as the start.”

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Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

TechCrunch

Minnesota-based Brown Venture Group is a three-year-old venture capital firm that has pledged to exclusively back Black, Latino and Indigenous technology startups in “emerging technologies.” billion with BIPOC and diverse businesses by 2025. Black and Latin communities were the recipients of just 2.6%

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GetVantage offers revenue-based financing to India’s founders

TechCrunch

Varanium Capital partner Aparajit Bhandarkar will join GetVantage’s board. Other participants included Sony Innovation Fund, InCred Capital and Haldiram’s Family Office. The traditional process of raising capital is complex, cumbersome and simply doesn’t work for all enterprises and business owners,” Vasa said.

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Cansativa Group grabs capital as Germany readies for recreational cannabis market

TechCrunch

Snoop Dogg, rocked the stage at Sunday’s Super Bowl, and now his Casa Verde Capital team is pumping new funds into Frankfurt-based Cansativa Group , touted as the “largest medical cannabis distributor” in Germany. billion in value by 2025. Calvin Broadus, a.k.a. to the table,” Sons said.

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Allocate banks $5M to open up venture capital fund access

TechCrunch

The world of venture capital investing is a relatively small one, and relationship-based to boot. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate. Enter Allocate.

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Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs

TechCrunch

The e-commerce market in Latin America has been gaining traction over the past two years and is poised to double in size and be valued at more than $100 billion by 2025. Co-founders Allison Campbell and Sebastian Monroy started the company in 2018 and say Zubale means “jump on board or rise up” in Spanish.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

Charles Gorra, founder and CEO of Rebag, declined to talk about valuation, but did say it was “a steep evolution from the last time.” Gorra intends to use the new capital to continue technology development on those tools, to add to Rebag’s workforce of 150 people and expand its marketing.