500 Startups announced it is raising a $25 million fund to invest in startups headed by black and Latino entrepreneurs. The firm said the new fund is expected to invest in about 100 companies. As is its custom when announcing a new microfund, 500 Startups said the new vehicle will be led by founding partner Dave McClure. Also leading the new fund is Monique Woodard, a venture partner at 500 Startups and co-founder of Black Founders, a national organization that aims to increase the number of black entrepreneurs in tech.
1 min read · 23 June 2016
500 Startups announced it is raising a $25 million fund to invest in startups headed by black and Latino entrepreneurs. The firm said the new fund is expected to invest in about 100 companies. As is its custom when announcing a new microfund, 500 Startups said the new vehicle will be led by founding partner Dave McClure. Also leading the new fund is Monique Woodard, a venture partner at 500 Startups and co-founder of Black Founders, a national organization that aims to increase the number of black entrepreneurs in tech.
1 min read · 23 June 2016
Morgenthaler's legacy as a trailblazer; Aileen Lee at PreMoney; and Underscore without the leading punctuation
4 min read · 22 June 2016
The index rose nearly 30 points to end May at 915, its third consecutive monthly gain
1 min read · 22 June 2016
2 min read · 21 June 2016
Acacia Communications became the first VC-backed tech IPO on May 12
2 min read · 21 June 2016
3 min read · 20 June 2016
3 min read · 20 June 2016
New York-based Flocabulary, a maker of educational hip-hop music videos, announced it has raised $1.5 million in convertible debt from Rethink Education, a White Plains, New York-based venture firm that specializes in education investments. Flocabulary, which was founded in 2004, was previously self-financed.
1 min read · 16 June 2016
Boston-based Zaius, a provider of a brand engagement marketing platform, announced it has raised $8 million in funding. The round was led by newly launched Boston venture firm Underscore.VC and includes Leaders Fund and previous investor Matrix Partners. The company, founded in 2012, previously raised a $6.3 million round in 2014. Leading the investment at their respective firms are brothers Michael Skok of Underscore and David Skok of Matrix Partners, both of whom sit on the board.
1 min read · 15 June 2016
