![]() ![]() The company claims that, with today’s news, co-founder Michael Carvin will now become the fourth black founder and CEO of a company valued at over $ 1 billion. Others include the CEO and Founder of Compass, Robert Reffkin, whom we recently featured here, and the CEO and Founder of Calendly, Tope Awotona, whom we have also portrayed. ![]() The unfortunate rarity of black-led unicorns is exciting, but a symptom of historical underfunding among black or African-American startup founders. #NEW YORKBASED SMARTASSET SERIES TTV CAPITAL MAC#Ĭrunchbase estimates that 1% of total venture capital funding, or $ 1 billion, went to this cohort of founders in 2020.Ī number of black-run venture capital firms closed investments in the past year, which could change that number, including Collab Capital’s $ 50 million investment vehicle, Harlem Capital, which launched a 134 startup fund earlier this year Has closed $ million Cleo Capital, which has set a target of $ 20 million for Fund II and MaC VC, which raised $ 103 million for its founding fund. HBCUvc and Google for Startups also announced two separate efforts this month to provide non-dilutive capital to underrepresented founders in their early stages. With a Series D in its luggage, SmartAsset is working to remove the bias in personal finance – while it’s a case study in itself of how overlooked founders who routinely suffer from this very phenomenon continue to run strong businesses.SmartAsset, the web’s go-to resource for financial advice connecting consumers with financial advisors, today announced that it has closed a $110 million Series D round, valuing the company at over $1 billion. The financing round was led by existing investor TTV Capital with participation from Javelin Venture Partners, Contour Venture Partners, Citi Ventures, New York Life Ventures, North Bridge Venture Partners, and CMFG Ventures. Since raising its Series C in June of 2018, SmartAsset has grown revenue by 10 times and is on the cusp of $100 million in annual recurring revenue (ARR). #NEW YORKBASED SMARTASSET SERIES TTV CAPITAL SERIES# ![]() #NEW YORKBASED SMARTASSET SERIES TTV CAPITAL MAC#.#NEW YORKBASED SMARTASSET SERIES TTV CAPITAL SERIES#. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |