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Female-led Israeli startups raised hundreds of millions in funding last week
Israeli startups raised almost a billion dollars last week, with hundreds of millions coming from startups with women at the helms. Coincidence? Not after you hear these female entrepreneurs. Geektime / 3 Jun 2021 • 5 min read
Despite women making up 1/5th of the human capital in Israeli high-tech, there is a major gender gap when it comes to founders and entrepreneurs, who are mostly men. But the light at the end of the tunnel is in sight, and this past week’s barrage of startup funding announcements have put the spotlight on a few companies led by female entrepreneurs and CEOs. Though, this begs the question: Is this a one-time thing or is a trend picking up?
Israeli shared neighborhood co Venn raises $60m
Venn s technology platforms, physical and virtual spaces, and local programming and expertise combine into its seamless Neighborhood as a Service offering.
Israeli shared neighborhood company Venntoday announced that it has completed a $60 million Series B financing round led by Group 11, with participation from Pitango, Hamilton Lane and Bridges Israel. This brings to $100 million the total amount raised by the company.
After recording 1,200% growth in 2020, Venn will use the new capital for substantial investments in hiring, new business, and US operations. This will include dozens of new R&D positions in the company’s international product engineering team, expanding Venn’s business development efforts as partnerships with property managers, and continuing to grow capabilities with local businesses and services to create new opportunities for neighborhood participation.
Facebook, Nextdoor, and many others in tech have focused on the concepts of community and neighborhoods to build connections between people and in turn offer services relevant to them. Today, a startup called Venn, which is bringing a new approach to that concept — it’s focusing first on apartment dwellers and cutting deals with building […]