How Synchrony aims to diversify venture capital with $15M investment
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Synchrony, the country’s largest private-label credit card provider, is headquartered at 777 Long Ridge Road in Stamford, Conn. The company has committed $15 million to support Black, Latinx and women-led venture capital firms.Alexander Soule / Hearst Connecticut Media
STAMFORD A year ago, in the wake of the murder of George Floyd and ensuing nationwide protests, the country’s largest private-label credit card provider pledged to ramp up its diversity, equity and inclusion efforts.
Today, it continues to launch initiatives to support that commitment.
Stamford-based Synchrony is allocating $15 million to several venture capital funds led by Black, Latinx and female partners. The consumer financial-services giant said that the funding reflects its support of minority and women entrepreneurs and underrepresented communities, while the firms it is supporting praised the company for backin
PayPal Invests Additional $50M in Black and Latinx-Led Venture Capital Funds
PayPal Holdings, Inc. (NASDAQ: PYPL) will invest an additional $50m in 11 Black- and Latinx-led early-stage venture capital funds.
The backed funds include Aperture Venture Capital; Collab Capital; Interlace Ventures; Kapor Capital; MaC Venture Capital; Noemis Ventures; Seae Ventures; SV LATAM Capital; and three additional funds.
These build upon the $50 million investment by PayPal in eight Black and Latinx-led early-stage venture capital funds announced in October 2020 and are part of the company’s commitment to invest $535 million to support Black-owned businesses, strengthen underrepresented minority communities and fight for racial equity and economic equality.
/PRNewswire/ PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it will invest an additional $50 million in 11 Black- and Latinx-led early-stage.
Solomé Tibebu always knew that technology would drive opportunities in behavioral health care access and treatment, with her personal journey with mental illness starting as a teen.
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PayPal Invests An Additional $50 Million in Black & Latinx-Led Venture Capital Funds As Part of $535 Million Commitment
PayPal Holdings, Inc. (NASDAQ:PYPL) announced on Wednesday it will invest an additional $50 million in 11 Black- and Latinx-led early-stage venture capital funds, including Aperture Venture Capital; Collab Capital; Interlace Ventures; Kapor Capital; MaC Venture Capital; Noemis Ventures; Seae Ventures; SV LATAM Capital; and three additional funds.
PayPal reported that the funding was built upon the $50 million investment by PayPal in eight Black and Latinx-led early-stage venture capital funds announced in October 2020 and are part of the company’s commitment to invest $535 million to support Black-owned businesses, strengthen underrepresented minority communities and fight for racial equity and economic equality. Speaking about the investments,