Page 2 - நிடின் ராய் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Minnow lands $3M to expand Pickup Pod delivery station
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.
Minnow Raises $3 Million Series Seed Round - Financing led by Branded Strategic Hospitality
Share Article
Minnow Technologies, a Seattle-based IoT startup that has developed a contact-free food delivery and pickup solution called the Minnow Pickup Pod™, announced today that it raised a $3 million Series Seed round. Branded Strategic Hospitality, an early-stage venture capital fund based in New York, led the round. Also participating were Elevate Capital, the lead investor in Minnow’s earlier convertible note financings, and Portland Seed Fund. This financing brings Minnow’s total seed funding to $6.4 million.
Jimmy Frischling, co-founder and Managing Partner of Branded Strategic Hospitality
Elevate Capital Launches $40 Million Fund II to Expand Mission of Inclusive Investing
First wave of national investments is in six startups led by Black founders or CXOs across tech, life sciences, and medical devices.
News provided by
Share this article
Share this article
PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ Elevate Capital recently completed a $26.0 million first close of the Elevate Fund II to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding. With Fund II now officially launched, Elevate Capital has already lined up six investments, all of which are led by Black founders and CXOs.
Investment in Fund II is led by two institutional investors: Meyer Memorial Trust and the Oregon Growth Account. Fund II has also attracted dozens of prominent investors, such as Chelsea Stoner at Battery Ventures who are participating privately.
Elevate Capital raises $26M for second fund to invest more dollars into minority-led startups Geekwire 1/26/2021 Taylor Soper © Provided by Geekwire Elevate Capital raises $26M for second fund to invest more dollars into minority-led startups
Portland, Ore.-based firm Elevate Capital has raised $26 million as part of its $40 million Fund II.
Elevate focuses on backing underrepresented entrepreneurs, including women and minorities. The firm launched in 2016 and has invested $10 million in 29 startups; 80% are led by diverse founders. It says the first fund is performing in the top quartiles of funds nationally measured by internal rate of return and cash returns.
Elevate has already picked six companies to invest in as part of the second fund: Obatala Sciences, Revry, LegUp, Time Study, Goalsetter, and Forest Devices.
vimarsana © 2020. All Rights Reserved.