Chloe Capital Announces Renewed Founder Fellowship Program for NYC-Based Tech Startups

Chloe Capital Announces Renewed Founder Fellowship Program for NYC-Based Tech Startups

FOR IMMEDIATE RELEASE

New York, NY, November 6, 2023 –  Chloe Capital, a seed-stage venture capital firm committed to advancing underrepresented entrepreneurs in the technology sector, is thrilled to announce its renewed Founder Fellowship accelerator in partnership with the New York City Economic Development Corporation (NYCEDC). This program is set to empower and accelerate diverse founders in the vibrant ecosystem of New York City.

Chloe Capital, known for its dedication to closing the gender and diversity gap in innovation, has a remarkable track record of supporting visionary founders tackling some of the world’s most pervasive problems. The renewed 2024 Founder Fellowship program represents their commitment to achieving Chloe Capital’s vision.

“I am thrilled to continue our partnership with the terrific team at Chloe Capital in 2024 for another installment of the Founder Fellowship. Together, we are committed to empowering a diverse community of startup founders with the tools they need to scale their enterprises, while fostering innovation that drives inclusive economic growth in New York City.”  – Fernando Montejo, Assistant Vice President, NYCEDC

The 2024 Founder Fellowship builds on the momentum and community built through our partnership with NYCEDC and the cohort in 2023. Myneco Ramirez, partner at Chloe Capital, is ecstatic to spotlight the innovative companies and diverse founders throughout New York City. She recently shared “the renewed NYCEDC Founder Fellowship fuels our shared passion for innovation. Together, we’re not just building a vibrant and diverse entrepreneurial ecosystem; we’re writing the future of possibility, one company at a time.”

ABOUT THE 2024 FOUNDER FELLOWSHIP

Chloe Capital’s 2024 Founder Fellowship is a comprehensive program designed to provide diverse and women-led tech startups with the resources, mentorship, and funding necessary to drive innovation, create groundbreaking solutions, and succeed in a competitive tech landscape. 

Chloe Capital will be selecting 15 companies to participate in its 2024 cohort. The Chloe Capital cohort will feature Seed through Series A technology or technology-enabled companies led by underrepresented founders.

The program will include several key components:

  • Mentorship and Investor Networking: Participants in the 2024 Founder Fellowship will gain access to Chloe Capital’s extensive network of industry experts, mentors, and advisors. This guidance and support will help entrepreneurs navigate the complex world of startups.
  • Showcase Events and Demo Days: The program will feature events and demo days, offering women-led startups the opportunity to showcase their innovations to potential investors, partners, and customers.
  • Educational Workshops: Entrepreneurs in the program will have access to workshops and educational resources focused on critical topics such as fundraising, scaling, and building a diverse and inclusive company culture.
  • Community Building: The Founder Fellowship will foster a strong sense of community among the cohort, creating a supportive ecosystem where women entrepreneurs can share knowledge, experiences, and inspiration.
  • Direct Investment: By the end of the program, Chloe Capital will commit at least $300,000 in direct investments. On average, participants in a Chloe Capital program each go on to raise $2,000,000 within a year, catalyzed by visibility and introductions to the firm’s world-wide network.

Demonstrating the impact of the accelerator program, Dr. Michael Conward, Chief Technology Officer & Co-founder of MyLÚA Health shared “The lessons, connections, and opportunities we’ve garnered through Chloe Capital’s Founder Fellowship are immeasurable and foster inclusivity. Beyond the program, their seed investment in our company stands as a powerful statement to their dedication to backing diverse, impactful solutions in the tech world.”

2024 FOUNDER FELLOWSHIP TIMELINE

  • Applications Open: October 5, 2023  (Founder Fellowship details)
  • Information Session: November 8, 2023 at 2pm EST (Register here)
  • Applications Close: December 5, 2023
  • Cohort Selection: January – February, 2024
  • Fellowship Hybrid Program: March – June, 2024
  • In-Person Showcase: June 2024

2023 FOUNDER FELLOWSHIP SUCCESS

Chloe Capital first partnered with NYCEDC as part of its 2023 Founder Fellowship program. Through this program, Chloe Capital hosted its largest cohort ever: 20 teams representing some of the most innovative technology companies across New York City. Following the four-month program, Chloe Capital committed $375,000 in direct investments for seven (7) of the participating companies: HandsDown, Itselectric, MediJobs, Moodbit, MyLua Health, Onramp, WEST X EAST.

For media inquiries and more information about Chloe Capital and the 2024 Founder Fellowship, please contact:

Contact

Kristina Klaas, Operating Partner, Chloe Capital

info@chloecapital.com

ABOUT CHLOE CAPITAL

Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, corporations and foundations like ECMC Foundation and the Richard King Mellon Foundation to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early stage investing has resulted in millions raised. Today, more than 25,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. www.ChloeCapital.com 

ABOUT NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION

New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy. To learn more about what we do, visit us on Facebook, Twitter, LinkedIn, and Instagram.

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Chloe Capital Announces Renewed Founder Fellowship Program for NYC-Based Tech Startups2023-11-08T18:22:05+00:00

Chloe Capital Selected as an Emerging Impact Manager for the Prestigious ImpactAssets 50™ 2023 List

Chloe Capital Selected as an Emerging Impact Manager for the Prestigious ImpactAssets 50™ 2023 List 

From left to right:  Erica O’Brian, Elisa Miller-Out, Myneco Ramirez. (Photo credit: Jill Farrar)

FOR IMMEDIATE RELEASE
April 11, 2023

Ithaca, NY – Chloe Capital, a mission-driven venture capital firm focused on investing in women-led technology companies, is proud to announce its selection as an Emerging Impact Manager (EIM) for the esteemed ImpactAssets 50™ 2023 (IA 50). This recognition showcases Chloe Capital’s commitment to empowering women and underrepresented founders while driving positive social and environmental impact through strategic investments.

The ImpactAssets 50™ is an annually updated list that recognizes the top 50 impact investment fund managers worldwide. Since its inception in 2011, the IA 50 has become a trusted resource for impact investors, family offices, and financial advisors seeking to align their investment portfolios with sustainable and impact-driven objectives. The selection process is highly competitive, and inclusion in the list highlights Chloe Capital’s dedication to delivering exceptional financial returns alongside measurable, positive impact.

“We are honored to be recognized as an Emerging Impact Manager by ImpactAssets,” said Elisa Miller-Out, Managing Director at Chloe Capital. “This accolade acknowledges our commitment to supporting women-led technology companies and fostering a more inclusive and diverse startup ecosystem. We believe that investing in diverse founders is not only a moral imperative but also a smart business decision that yields significant social and economic benefits.” 

Chloe Capital’s inclusion in the IA 50™ 2023 is a result of its rigorous impact investment strategy, which combines comprehensive due diligence, active portfolio management, and a focus on businesses that address the United Nations Sustainable Development Goals (SDGs). By targeting companies with the potential to create substantial social and environmental change, Chloe Capital aims to deliver market-rate returns while driving transformational impact on a global scale. This recognition underscores the firm’s commitment to making a positive difference in the world through impact investing. 

“I’m a proud supporter of Chloe Capital and congratulate the team on making the list”, said Evan Segal from the Segal Family Foundation. “Their approach to impact investing is rooted in a belief that diverse teams lead to better outcomes, both in terms of financial performance and social impact. Their inclusion in the IA 50 list is a testament to Chloe Capital’scommitment to creating positive impact through their investment strategy and their potential to become a significant player in the impact investing space.”

The IA 50 selection committee, consisting of industry experts and leaders in the impact investing space, evaluates fund managers based on their track record, impact measurement, and investment approach. Chloe Capital’s recognition as an EIM underscores its potential to become a leader in the impact investing sector and reflects its commitment to creating a more equitable and sustainable world.

Chloe Capital’s investment thesis has already been proven. Chloe Capital’s portfolio is targeted towards companies with at least one leader who identifies as a woman, and at least 50% of their companies have at least one leader from an additional underrepresented group. Even before closing its first Fund, Chloe Capital has experienced 4 Mergers & Acquisitions transactions and a full liquidity event and exit. Chloe Capital’s track record of success demonstrates that through impact investing it is possible to help close the gender gap in entrepreneurship and create more equitable opportunities for underserved founders all while making significant returns.

For more information about Chloe Capital and its impact investment strategy, visit their IA 50 2023 profile here.

About Chloe Capital

Chloe Capital is a movement-driven venture capital firm investing with a gender and diversity lens. We focus on diverse women tech leaders who are solving the world’s biggest problems across climate, education and health. Our superpower is our ecosystem-building work. Our accelerator programs allow us to access unique deal flow, enhance visibility and provide networks and resources for our founders throughout the #InvestInWomen Tour. For more information, visit www.chloecapital.com. Past performance is not a guarantee of future results.

About the ImpactAssets 50 

The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for donors and/or investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment opportunities. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. Firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes. 

The IA 50 is not an index or investable platform and does not constitute an offering or solicitation to buy or sell securities or a private placement, or recommend specific products. Nor is this an endorsement of any of the listed fund managers. It is not a replacement for due diligence. To be considered for the IA 50 2023, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact and be available for US investment. Additional details on the selection process are available here.

The IA 50 Emerging Impact Managers list is intended to spotlight newer fund managers to watch that demonstrate potential to create meaningful impact. Criteria such as minimum track record or minimum assets under management may not be applicable. 

The IA 50 Emeritus Impact Managers list illuminates impact fund managers who have achieved consistent recognition on the IA 50. 

About ImpactAssets

ImpactAssets is an impact investing trailblazer, dedicated to changing the trajectory of our planet’s future and improving the lives of all people. We empower impact investors and philanthropists with access to investing opportunities and customized solutions that promote positive change. ImpactAssets has more than $2 billion in assets in 1,700 donor advised fund accounts, working with purpose-driven individuals and their wealth managers, family offices, foundations and corporations. ImpactAssets is an independent 501(c)(3) organization.

Media Contact:

Elisa Miller-Out
Managing Partner
Chloe Capital
info@chloecapital.com
www.chloecapital.com

Chloe Capital Selected as an Emerging Impact Manager for the Prestigious ImpactAssets 50™ 2023 List2023-04-07T16:25:07+00:00

NYCEDC Expands Founder Fellowship Program to Support 100 Underrepresented Entrepreneurs

FOR IMMEDIATE RELEASE:

November 15, 2022

  NYCEDC Expands Founder Fellowship Program to Support 100 Underrepresented Entrepreneurs

Applications Are Now Open for The Second Installment of the Founder Fellowship, a Program that Supports Diverse Tech Entrepreneurs to Grow and Raise VC Investments

Program Expands Thanks to $1.5 Million Investment from Mayor Eric Adams’ Economic Blueprint for Economic Recovery

NEW YORK, NY – New York City Economic Development Corporation (NYCEDC) today announced the second installment of the Venture Access NYC Founder Fellowship. The Founder Fellowship supports a diverse community of tech entrepreneurs across industries and sectors by providing them with access to networking, fundraising, mentorship, business development, and other opportunities necessary to build and scale their enterprises in New York City. Applications are currently open and will close on December 16th, 2022.

Through Mayor Eric Adams’ Blueprint for Economic Recovery and a $1.5 million investment from the City of New York, NYCEDC is scaling the Founder Fellowship in 2023 to serve additional tech entrepreneurs in NYC. The expansion of the program comes after the success of the pilot Founder Fellowship cohort that launched in February 2022 in partnership with Newlab. The pilot currently supports eight founder teams working on urban-tech solutions.

“Initiatives like the Founder Fellowship are a prime example of how New York City is leading the effort in building a more inclusive and diverse tech industry,” said Deputy Mayor for Economic and Workforce Development Maria Torres-Springer. “Building on its pilot successes, the program’s expansion will ensure that underrepresented founders receive the resources they need to overcome systemic barriers, achieve their potential, and build stronger products, services, and platforms to serve all New Yorkers.”

“The Founder Fellowship program ensures that all New Yorkers are able to seize the opportunities presented by tech and build towards a more vibrant and inclusive future for the city,” said NYCEDC President and CEO Andrew Kimball. “New York City continues to remain the global epicenter of innovation and we are thrilled to build off the success of last year’s program and expand to more entrepreneurs. We look forward to working with our partners to review a diverse pool of applicants from all communities and backgrounds.”

“Supporting entrepreneurs across the City is how we make sure our local economies recover at the same rate as the City. As the Chair of the Committee on Economic Development, I have been laser focused on recovery and this is a fantastic initiative that has given and continues to give community-forward entrepreneurs the resources to create innovative ideas and solutions,” said Council Member Amanda Farías. “Thank you again to NYCEDC and congratulations to all the new fellows and cohort partners. I look forward to working together to ensure we continue to bolster our emerging tech industry.”

The Founder Fellowship is part of NYCEDC’s Venture Access NYC initiative to bring together investors, tech entrepreneurs, and industry leaders to build a more inclusive tech startup ecosystem in New York City.

NYCEDC selected the following operator partners to host five unique Founder Fellowship cohorts in 2023 with a goal of serving approximately 100 diverse tech founder teams.

  • Chloe Capital, a seed-stage venture firm that invests in women-led innovation companies.
  • Company Ventures, a seed-stage venture firm that offers a zero-equity pre-accelerator for underrepresented founders.
  • Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges.
  • Tech Incubator at Queens College, a startup incubator where underserved and underrepresented entrepreneurs can thrive.
  • Visible Hands, a platform that holistically supports early-stage, underrepresented founders in building high-growth startups.

Each operator will provide unique value and offerings to their respective Founder Fellowship cohorts. All Fellow teams will receive individualized work plans to identify key needs and interests; cohort convenings to discuss challenges and receive business administration support; connections to capital providers and potential collaborators; and access to mentors and advisor networks.

“Chloe Capital is committed to the thesis that unless we are intentional about providing access to capital and support to companies led by underrepresented founders, the gender and diversity gap in entrepreneurship will continue to widen,” said Elisa Miller-Out, Managing Partner at Chloe Capital. “When we saw NYCEDC’s call for Founder Fellowship accelerator operators, we jumped at a chance to be a part of this incredible initiative. Chloe Capital’s Founder Fellowship will bring together a talented and diverse cohort focused on solutions in Climate, Education, and Health. We look forward to working with the city on the monumental effort to make New York City’s economic recovery as innovative and inclusive as possible.”

“We are excited to be part of the Founder Fellowship program and support extraordinary entrepreneurs as they build their companies,” said Lindsay Siegel, Head of Impact at Company Ventures. “Company Ventures has a long history of partnering with NYCEDC to align the tech ecosystem with the City’s priorities. This effort to support underrepresented founders is critical to New York City’s commitment to building a more equitable future and a more resilient tech economy.”

“Solving the complex, interdependent challenges we face today will require entrepreneurs from all backgrounds who can bring diverse perspectives to bear,” said Liz Keen, Chief Business Officer at Newlab. “We are excited to be building on the success of last year’s programs with NYCEDC and Bank of America, combining the initiatives into a single, more ambitious Founder Fellowship program. Thanks to our longstanding partnership with NYCEDC and Bank of America’s scaled up commitment, we will be able to dedicate even more resources to advancing our shared mission of increasing diversity and inclusion across the early-stage ecosystem of New York, supporting 28 founder teams through November 2023.”

“The Tech Incubator at Queens College is honored to collaborate with NYCEDC to support entrepreneurs in New York City who are starting tech-related or tech-enabled businesses. We will be able to deliver much-needed resources for historically marginalized and underrepresented founders to grow and thrive thanks to NYCEDC’s broad connections and NYC’s tech ecosystem,” said Ying Zhou, Executive Director of the Tech Incubator at Queens College.

“We’re thrilled to partner with NYCEDC to support overlooked founders across the city in growing their businesses,” said Nashaira Ofori, VP of Product at Visible Hands. “At VH, we see a sizable number of applicants coming from the NY tech ecosystem. We know that partnerships like this one that provide funding, resources, and programming can be game-changing and we’re excited to help these founders change the face of entrepreneurship.”

Program alumni will receive year-long free WeWork All Access memberships. Selected Fellow teams will also receive free or low-cost tools and resources from startup ecosystem partners, including transactional legal support from the Lex Mundi Pro Bono Foundation.

“Being in the Founder Fellowship at Newlab has been a great opportunity to connect with amazing public sector leaders within NYCEDC as well as Mayor Eric Adams and Deputy Mayor Maria Torres Springer,” said Atif Qadir, founder of REDIST, a current Founder Fellow in the pilot cohort. “These conversations have helped us move our product forward. The association with NYCEDC has also helped us further establish ourselves in our space of financing for social impact real estate in the eyes of our customers and in the eyes of investors as we closed our $1.9 million seed round.”

New York City is ranked as the number two global tech ecosystem and is home to over 25,000 tech enabled startups. The tech ecosystem employs over 300,000 people, having grown by over 30% in the last decade. However, nationally, startups led solely by women founders received about two percent of venture funding in 2021, while startups led by Black and Latinx founders generally receive less than three percent of total funding raised. To address this challenge, NYCEDC designed the Founder Fellowship to ensure entrepreneurs traditionally underrepresented among venture-backed startups can successfully build and grow their enterprises in NYC.

Applications are now open through December 16, 2022. An info session will be held on November 30, 2022. Learn more about the Fellowship and apply here.

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Contact

NYCEDC | press@edc.nyc

Chloe Capital | info@chloecapital.com

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About NYCEDC  

New York City Economic Development Corporation is a mission-driven, nonprofit organization that creates shared prosperity across New York City by strengthening neighborhoods and creating good jobs. We work with and for communities to bring emerging industries to New York City; develop spaces and facilities for businesses; empower New Yorkers through training and skill-building; and invest in sustainable and innovative projects that make the city a great place to live and work. To learn more about what we do, visit us on FacebookTwitterLinkedIn, and Instagram.

About Chloe Capital
Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host accelerator programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early-stage investing has resulted in millions raised. Today, more than 20,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com

NYCEDC Expands Founder Fellowship Program to Support 100 Underrepresented Entrepreneurs2022-11-28T17:22:34+00:00

Bank of America Joins Chloe Capital to Invest in Women

Invest Bank of America and Chloe Capital join together on a mission to fund diverse founders. 

From left to right: Jennifer Steinberg, Cara Nichols, Erica O’Brian, Myneco Ramirez, Elisa Miller-Out, Kristina Klaas, andIris Liu. (Photo credit: Jill Farrar)

FOR IMMEDIATE RELEASE
July 7, 2022

ITHACA, NY – Chloe Capital, a movement-driven venture capital firm, announces an exciting new partnership with Bank of America to advance equality and economic opportunity for women and minority-led businesses. Bank of America’s investment in Chloe Capital’s Fund I is part of the company’s commitment to increase the amount of capital available to under-represented founders and foster long-term opportunities.

By partnering with firms like Chloe Capital, Bank of America is furthering its commitment to scaling positive change and driving economic opportunity. Bank of America has dedicated $350 million to women and minority-led companies through capital investments in mission-focused venture funds, like Chloe Capital. To date, more than $300 million has been committed to 100+ minority-focused and minority-led equity funds in just over one year.

In 2021, women-led businesses in the United States received only 2.2% of venture capital funding, while the global venture capital industry had a record-shattering year, with a total of $643 billion in investments made, according to Pitchbook and Crunchbase. And yet, the data continues to show that when diverse teams have access to capital, they continue to outperform financially. Investments in firms like Chloe Capital underscore Bank of America’s ongoing efforts to address the lack of access to growth capital for minority-led businesses.

“Bank of America’s investment in Chloe Capital reinforces our ongoing efforts to address the continuous gap in access to capital and to deploy more into emerging companies led by diverse entrepreneurs,” said David Cornell, President of Bank of America Albany-Hudson Valley. “By investing in a fund managed by diverse leaders, who in turn invest in women and BIPOC-led companies, we’re collectively helping to initiate representation at all levels and we believe that Chloe Capital is well-positioned to drive real change.”

Founded by women, Chloe Capital is a seed-stage venture capital firm investing in women-led technology companies with diverse leadership teams. In alignment with Bank of America’s focus to increase growth capital for underrepresented groups, one hundred percent of Chloe Capital’s 24 portfolio companies are led by women and at least fifty percent include other underrepresented groups. The firm has built its portfolio value to over $700 million and is widely recognized as a leader in diversity and inclusion.

“This partnership will open doors for the trailblazing diverse women leaders in our portfolio and we’re thrilled to welcome Bank of America into the fund,” said Chloe Capital Co-Founder and Managing Partner, Elisa Miller-Out.

In addition to investing with a diversity lens, Chloe Capital utilizes a community approach by partnering with universities, foundations and corporations to deploy capital and create opportunities for under-represented founders and investors. The firm just wrapped its Invest In Women x Pittsburgh accelerator program, committing $300,000 to three women-founded businesses.

“We’re honored to have the opportunity to work with Bank of America to continue to fund companies and underrepresented founders,” said Kathryn Cartini, Co-founder and Partner at Chloe Capital. “Despite recent progress, women and minority-led companies still account for a very small percentage of capital raised by venture-backed firms in the U.S. We aim to change that, and we’re confident that this partnership will help us move the needle. We’re appreciative to the Bank of America representatives in the Capital Region for following our journey and recognizing our efforts to date. We’ll wear this commitment as a badge of honor to help Bank of America address the economic and racial inequality many communities face,” she added.

Bank of America’s investment amplifies Chloe Capital’s mission of doing well by doing good. Together, both organizations are rewriting the narrative for women and minority-led businesses.

Contact
Elisa Miller-Out
Managing Partner, Chloe Capital
info@chloecapital.com

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About Chloe Capital
Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host accelerator programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early-stage investing has resulted in millions raised. Today, more than 20,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com

About Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer, and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).

For more Bank of America news, including dividend announcements and other important information, register for email news alerts.

Bank of America Joins Chloe Capital to Invest in Women2022-11-28T16:53:30+00:00

Women-Owned Venture Capital Firm from NY Commits $300,000 to Pittsburgh Tech Startups

Invest In Women x Pittsburgh is a Chloe Capital signature program, in partnership with Ascender, and supported by the Richard King Mellon Foundation.

[RELEASE] May 24, 2022 – Pittsburgh, PA – Chloe Capital, a New York based venture capital firm that invests in women-led technology companies, is excited to share the success of Invest In Women x Pittsburgh (chloecapital.com/pittsburgh). The accelerator program’s final showcase was held on April 27, 2022, in Pittsburgh, PA in partnership with Ascender, a nonprofit incubator for Pittsburgh’s entrepreneurs, and supported by the Richard King Mellon Foundation.

Despite recent progress, in 2021, businesses solely led by women attracted just 2.2% of all capital raised by venture-backed firms in the U.S., while the global venture capital industry had a record shattering year, with a total of $643 Billion in investments made, according to Pitchbook and Crunchbase.

“We’re elated to have been a part of this event and to contribute to the growing startup culture in Pittsburgh alongside Chloe Capital and the Richard King Mellon Foundation,” said Nadyli Nuñez, executive director at Ascender. “Every city should have an #InvestInWomen program. Such immense benefit directly to founders in an efficient and effective way. This program is a game-changer for our local entrepreneurs.” 

Five women entrepreneurs from the Pittsburgh area were chosen to participate in Invest In Women x Pittsburgh. This unique fundraising experience was designed to move capital to women and minority founders in Allegheny and Westmoreland counties. The cohort received the opportunity to connect with investors and industry leaders for critical feedback on how to scale their companies. In addition, a select group of Ascender startup members received pitch prep from Nuñez and mentoring from Chloe Capital’s Managing Partner, Elisa Miller-Out. 

Leading up to the in-person experience, Pittsburgh-based entrepreneurs were invited to participate in virtual workshops to equip them with essential skills and knowledge for growing their businesses. Some topics included DEI recruiting and funding application writing tips for startups.

To round out the program, the Pittsburgh community was invited to the Founder Showcase held at the Kelly Strayhorn Theater to celebrate the local entrepreneurial community and hear live pitches. In addition to networking, attendees heard from Ascender member and founder of Sustainible, Talpha Harris; and SaLisa Berrien, trustee and graduate of the University of Pittsburgh, and founder of COI Energy. Berrien shared her experiences on being a Chloe Capital portfolio company after receiving an investment from Chloe Capital following her participation in Diversity in ClimateTech this past fall, a partnership with Cornell University and NYSERDA.

At the end of the evening, Chloe Capital announced to the audience a total of $300,000 in investments to three founders creating technology for good: Alison Alvarez of BlastPoint, Holly Adams of GoWell Benefits, and JJ Xu of TalkMeUp.

Additional members of the accelerator cohort to join the Chloe family included Lauren Golembiewski of Voxable and Nehal Bhojak of Lumis

“We’re excited to be moving capital to women-led companies in Pittsburgh and contributing to this vibrant, growing tech ecosystem,” added Miller-Out.

Invest In Women x Pittsburgh was made possible by the generous support of the Richard King Mellon Foundation and extensive community of investors. Featured investors included Silvia Mah (Stella Impact Capital), Gabriela Isturiz (The Fund XX), Brandon Greer (HubSpot Ventures), Matt Harbaugh (Mountain State Capital), and Lu Zhang (Fusion Fund). 

“We are excited to support these founders and help them accelerate their ventures through this partnership with Ascender and Chloe Capital,” said Sam Reiman, director of the Richard King Mellon Foundation. “From using AI in customer intelligence and workforce training to disrupting the insurance tech industry, we’re optimistic about the entrepreneurial future for women in our region.”

Contact

Elisa Miller-Out

Managing Partner, Chloe Capital

info@chloecapital.com 

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About Chloe Capital

Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early stage investing has resulted in millions raised. Today, More than 20,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com 

About Ascender

About Ascender: Ascender, a 501(c)3 and vibrant community of innovators located in East Liberty, helps entrepreneurs start and build their companies by offering educational programming, mentorship, expert coaching, incubation, and a collaborative coworking space. Annually Ascender touches 500 entrepreneurs across many industries and works with both venture track and small businesses. Ascenderpgh.com 

About the Richard King Mellon Foundation

Founded in 1947, the Richard King Mellon Foundation is the largest foundation in Southwestern Pennsylvania, and one of the 50 largest in the world. The Foundation’s 2020 year-end endowment was $3.1 billion, and its Trustees in 2021 disbursed $152 million in grants and Program Related Investments. The Foundation launched a new ten-year Strategic plan in 2021, focusing funding on six primary program areas: conservation, economic development, economic mobility, health and well-being, organizational effectiveness, and social-impact investing. RKMF.org

Women-Owned Venture Capital Firm from NY Commits $300,000 to Pittsburgh Tech Startups2022-11-28T16:53:37+00:00

Five Pittsburgh-area Founders Pitch for Investments

Invest In Women x Pittsburgh is a partnership between Chloe Capital and Ascender, and supported by the Richard King Mellon Foundation, to help move capital to underrepresented founders in the Pittsburgh area. 

[RELEASE] April, 19, 2022 – Pittsburgh, PA – Chloe Capital, a Movement-driven venture capital firm, has selected five women-led technology companies to participate in INVEST IN WOMEN x PITTSBURGH (chloecapital.com/pittsburgh) this Spring. This unique fundraising experience for underrepresented founders is in partnership with Ascender, a nonprofit incubator for Pittsburgh’s entrepreneurs, and supported by the Richard King Mellon Foundation.

Despite recent progress, a study by Boston Consulting Group shows that if men and women around the world were treated equally as entrepreneurs, our global economy would experience a $5 trillion boost. 

To help move the needle, five women entrepreneurs from the Pittsburgh area have now been chosen to participate in INVEST IN WOMEN x PITTSBURGH. Each receives the opportunity to connect with leaders across industries, hear critical feedback on how to grow their businesses, and pitch for investments from Chloe Capital and the Firm’s community of impact investors. By the end of the program, Chloe Capital will make at least one investment in a company located in, or willing to relocate to, Allegheny or Westmoreland counties. 

Investors and community members are invited to the Founder Showcase, which will take place April 27, 2022 at 5 p.m. (et) at the Kelly Strayhorn Theater, located at 5941 Penn Ave., Pittsburgh, PA. 

Space is limited. RSVP > InvestInWomenPittsburgh.eventbrite.com

In addition to Chloe Capital, featured investors for INVEST IN WOMEN x PITTSBURGH include Sylvia Mah (Stella Impact Capital), Gabriela Isturiz (The Fund XX), Brandon Greer (Hubspot Ventures), Matt Harbaugh (Mountain State Capital), and Lu Zhang (Fusion Fund). 

“Each investor has joined our Movement to Invest In Women by meeting the founders and exploring the investment potential of each company,” said Chloe Capital co-founder and partner, Kathryn Cartini. “On average, participants in a Chloe Capital program each go on to raise $2,000,000 within the year, catalyzed by visibility and introductions to our firm’s world-wide network.”

The founders selected to participate in INVEST IN WOMEN x PITTSBURGH are:

ALISON ALVAREZ

CEO & Co-Founder, BlastPoint

BlastPoint.com

Allegheny County, Pittsburgh, PA

BlastPoint builds AI platforms for highly regulated industries so that they can better understand their customers and how to talk to them.

HOLLY ADAMS

CEO, Go Well Benefits

GoWellBenefits.com

Philadelphia County, Philadelphia, PA

Go Well Benefits makes health insurance enrollment and underwriting faster and easier with an end-to-end solution that links employee, employer, broker and insurance carrier.  

NEHAL BHOJAK

President & CEO, Lumis Corp.

LumisCorp.com

Allegheny County, Pittsburgh, PA

Lumis is committed to democratizing healthcare education,  and disrupting traditional clinical training through its immersive AR-based platform.

JJ XU

CEO, TalkMeUp

TalkMeUp.co

Allegheny County, Pittsburgh, PA

TalkMeUp uses AI to aid workforce communication development at the enterprise level. Employees use their mobile devices. Managers get measurable insights.

LAUREN GOLMBIEWSKI

CEO & Co-Founder, Voxable

Voxable.io

Westmoreland County, New Kensington, PA
Voxable helps enterprise teams create and manage AI experiences at scale by automating conversational content creation, and streamlining collaboration.

“Each year Ascender impacts hundreds of entrepreneurs across many industries,” said Nadyli Nuñez, executive director at Ascender. “Now with the help of Chloe Capital and the Richard King Mellon Foundation we’re highlighting some of our region’s top performing, technology companies, that are also women-led. The talent is impressive.” 

On top of hearing from the founders, INVEST IN WOMEN x PITTSBURGH will feature speaker Gabriella Gonzalez, program officer from the Richard King Mellon Foundation. Gonzalez is a senior thought leader in the future of work, workforce development, and economic development.

SaLisa Berrien, trustee and graduate of the University of Pittsburgh, and founder of COI Energy, will also share insight on being a Chloe Capital portfolio company. Berrien participated in INVEST IN WOMEN x CLIMATETECH in October 2021. She received a Chloe Capital investment following that program. Berrien has over 25 years of experience in the energy industry assisting clients with process improvements, energy efficiency, grid reliability, clean technology, and big data analytics.

Economic development has been a primary focus of the Richard King Mellon Foundation since its founding, and the Foundation’s new Strategic Plan includes a specific focus on entrepreneurship, as an essential pillar of its economic-development efforts. The Foundation’s plan notes that “small businesses are the backbone of our economy,” and the “Foundation’s investments aim to support efforts to allow entrepreneurship to thrive, to build the region’s entrepreneurial ecosystem, and to support efforts for under-represented groups to jumpstart or grow entrepreneurship efforts.” The Foundation’s funding of Chloe Capital’s “Invest in Women x Pittsburgh” initiative fits squarely within that plan.

Investors and community members are invited to the Founder Showcase, which will take place April 27, 2022 at 5 p.m. (et) at the Kelly Strayhorn Theater in Pittsburgh. 

Space is limited. RSVP > InvestInWomenPittsburgh.eventbrite.com

Contact

Kathryn Cartini

Partner, Chloe Capital

kathryn@chloecapital.com 

***

About Chloe Capital

Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early stage investing has resulted in millions raised. Today, More than 20,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com 

About Ascender

About Ascender: Ascender, a 501(c)3 and vibrant community of innovators located in East Liberty, helps entrepreneurs start and build their companies by offering educational programming, mentorship, expert coaching, incubation, and a collaborative coworking space. Annually Ascender touches 500 entrepreneurs across many industries and works with both venture track and small businesses. Ascenderpgh.com 

About the Richard King Mellon Foundation

Founded in 1947, the Richard King Mellon Foundation is the largest foundation in Southwestern Pennsylvania, and one of the 50 largest in the world. The Foundation’s 2020 year-end endowment was $3.1 billion, and its Trustees in 2021 disbursed $152 million in grants and Program Related Investments. The Foundation launched a new ten-year Strategic plan in 2021, focusing funding on six primary program areas: conversation, economic development, economic mobility, health and well-being, organizational effectiveness, and social-impact investing. RKMF.org

Five Pittsburgh-area Founders Pitch for Investments2023-01-25T16:02:10+00:00

Chloe Capital, Mark Cuban and former Oculus CEO invest in VNTANA

LOS ANGELES–(BUSINESS WIRE)VNTANA, the industry leader in 3D Content Management Software (CMS), today announces its latest round of funding, which will be used to scale and continue recruitment of the top talent across the organization. The oversubscribed round included participation by notable investors including Mark Cuban, Brendan Iribe (Co-Founder of Oculus), Tom Dolan, Anorak Ventures, Flexport, Chloe Capital and Mana Ventures. With this raise, VNTANA will continue its advancement of the production, sharing and management of 3D models and augmented reality (AR).

VNTANA makes 3D eCommerce fast and easy at scale, which has proven to double conversion rates and increase cart size by 60%. The company’s patented optimization algorithms allow brands such as Deckers Brands, Staud and Diesel to use their existing 3D designs to instantly create high-fidelity, fast-loading 3D assets that are automatically optimized for use across web, social media, advertising, game-engines and the metaverse. VNTANA makes it easy for brands across fashion, footwear, furniture, tools, sporting goods, and more to share and embed 3D and AR for sales and marketing use.

“As the world continues to shift to 3D, the need for specialized software to ingest, store, organize, render and collaborate on content represents an enormous opportunity,” notes Greg Castle, Anorak Ventures. “VNTANA has created the most robust system to solve these problems and I’m incredibly excited to support them on their journey.”

VNTANA recently signed strategic partnerships with PTC and Joor which serve as catalysts to expand the team to scale and support these agreements. With these partnerships, VNTANA will offer its suite of products, including 3D CMS, 3D eCommerce, and 3D optimization, making 3D and AR assets accessible and manageable for a variety of retailers within their existing software tools. VNTANA’s headless architecture allows other platforms to quickly upgrade to 3D.

“This latest round of funding propels us into the next phase of VNTANA and we are thrilled to work with these notable investors,” says Ashley Crowder, co-founder and CEO of VNTANA. “From working with Mark Cuban to female-led Chloe Capital, we are in fantastic company with a team that has deep experience in gaming and eCommerce. These new investments also provide us with a strong foundation from which we can more aggressively execute on a number of new industry partnerships that offer us new channels to connect with brands who are looking to add 3D and AR to their eCommerce and advertising mix.”

Retailers are increasingly seeing the benefits of offering 3D and AR eCommerce, as it has proven to increase conversion rates and sales. In addition, 71% of consumers said they would shop more often if they used AR because the technology boosts confidence in buying decisions, which in turn increases customer satisfaction and loyalty. As more companies seek to add these capabilities to their eCommerce experience, VNTANA equips these retailers with the technology they need to make it a seamless experience. For more information, visit www.VNTANA.com.

About VNTANA

VNTANA is a SaaS platform that makes 3D eCommerce fast and easy at scale which has proven to double conversion rates and increase cart size by 60%. The patented optimization algorithms in VNTANA’s 3D CMS allow brands like Hugo Boss, Deckers Brands, and Diesel to use their existing 3D models to instantly create high-fidelity, fast-loading 3D assets that are automatically optimized for use across the web, social media, advertising, game-engines and more. Just like Vimeo and YouTube made it easy to share and embed video, VNTANA makes it easy for brands across fashion, footwear, furniture, tools, and more to share and embed 3D and AR for sales and marketing use.

Chloe Capital, Mark Cuban and former Oculus CEO invest in VNTANA2023-01-25T16:02:49+00:00

Chloe Capital Brings Invest In Women Tour to Pittsburgh

Invest In Women x Pittsburgh is a partnership between Chloe Capital and Ascender, and supported by the Richard King Mellon Foundation, to help move capital to underrepresented founders in the Pittsburgh area. 

[RELEASE] December 2, 2021 – Pittsburgh, PA – Chloe Capital, a Movement-driven venture capital firm, along with Ascender, a nonprofit incubator for Pittsburgh’s entrepreneurs, with support from the Richard King Mellon Foundation, will host Invest In Women x Pittsburgh (chloecapital.com/pittsburgh) this Spring. 

An initiative for underrepresented entrepreneurs in the Pittsburgh area, Invest In Women x Pittsburgh is designed to support women-led technology companies tackling real-world problems in the financial, health, workplace, education and climate sectors. Chloe Capital, Ascender and the Richard King Mellon Foundation are partnering to create a collaborative and inclusive fundraising experience through a series of online events leading up to a 48-hour in-person program in Pittsburgh in April, 2022. The program will feature a Founder Showcase, which will be open to the public. 

“We’re committed to addressing inequality, quality of life and economic development in Pittsburgh, and we’re ready to showcase our region’s talent, resources and opportunities with Chloe Capital’s global network,” said Nadyli Nuñez, Executive Director at Ascender. “Invest In Women x Pittsburgh is a win for underrepresented founders, investors around the world, and our community.” 

“Leaders of community-focused organizations and foundations like Ascender and the Richard King Mellon Foundation are a driving force behind innovation in Pittsburgh. We’re excited to collaborate on an initiative that fuels the global expansion of underrepresented founders by moving capital to women in Pittsburgh,” said Myneco Ramirez, Chloe Capital Chief Experience Officer. “With the face of venture capital and entrepreneurship changing, this collaboration is a great example of how the public and private sectors can work together to do well by doing good.”

The virtual events include information and recruiting sessions, along with workshops led by top coaches in productivity, diversity and inclusion, finance and more. Participants will receive knowledge and skills to innovate globally while operating in the Pittsburgh area. Five high-growth technology companies with women executives will then be selected to participate in a 48-hour, in-person fundraising experience designed to connect underrepresented founders to investors and other industry leaders as part of Chloe Capital’s growing Movement to Invest In Women.

By the end of the program, Chloe Capital will make at least one investment in a company located in, or willing to relocate to, Allegheny or Westmoreland counties. On average, participants in a Chloe Capital program each go on to raise $2,000,000 within a year, catalyzed by visibility and introductions to the firm’s world-wide network. 

This partnership with Chloe Capital and Ascender on the Invest In Women x Pittsburgh program will generate meaningful opportunities for women entrepreneurs in the Pittsburgh region to connect with investors, and with people and resources across our region to accelerate their growth,” said Sam Reiman, director of the Richard King Mellon Foundation.

Activities for Invest In Women x Pittsburgh are as follows:

    • Applications Open: November 1, 2021
      Seed to Series A women-led technology companies seeking funding apply here: ChloeCapital.com/funding
    • Online Information Session: January 19, 2022 (open invite)
    • Online Information Session: February, 2022 (open invite)
    • Online & In-person Information Session: March, 2022 (invitation only)
  • Applications Close: February 11, 2022
  • In-person Fundraising Experience: April, 2022 (invitation only)
  • Founder Showcase: April, 2022 (open invite; space is limited)

Contact
Kathryn Cartini
Partner, Chloe Capital
kathryn@chloecapital.com

***

About Chloe Capital
Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early stage investing has resulted in millions raised. Today, More than 20,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com 

About Ascender
About Ascender: Ascender, a 501(c)3 and vibrant community of innovators located in East Liberty, helps entrepreneurs start and build their companies by offering educational programming, mentorship, expert coaching, incubation, and a collaborative coworking space. Annually Ascender touches 500 entrepreneurs across many industries and works with both venture track and small businesses. Ascenderpgh.com 

About the Richard King Mellon Foundation
Founded in 1947, the Richard King Mellon Foundation is the largest foundation in Southwestern Pennsylvania, and one of the 50 largest in the world. The Foundation’s 2020 year-end endowment was $3.1 billion, and its Trustees in 2020 disbursed $130 million in grants and Program Related Investments. The Foundation focuses its funding on six primary program areas, delineated in its 2021-2030 Strategic Plan. RKMF.org

Chloe Capital Brings Invest In Women Tour to Pittsburgh2022-01-11T21:16:37+00:00

Women Entrepreneurs Receive Venture Capital Funding to Address Climate Crisis

Diversity In ClimateTech is a new program in partnership with Chloe Capital and Cornell University, and supported by the NYS Energy Research & Development Authority (NYSERDA). 

[RELEASE] Nov. 23, 2021 – New York, NY – Chloe Capital and Cornell University are helping climate tech innovators launch and advance solutions to the world’s climate crisis. During the recent Diversity In ClimateTech (https://chloecapital.com/climatetech) business accelerator, five women-led climate tech companies were selected, based on their potential impact, to pitch and secure business deals.

The accelerator, which convened in Ithaca, NY, was designed to connect the women entrepreneurs with investors. Over $500,000 in investments were offered by Chloe Capital to select underrepresented female founders who are projected to be leaders in the growing sustainable and clean technology industries.

“Something interesting we noticed when we were screening applicants for this program was the market trends. For one, the program applicants are raising more funds, and two, they’re generating more sales,” said Kathryn Cartini, Chloe Capital co-founder and partner. “These metrics indicate that diverse founders in the climate tech sector are being recognized by investors as, what we like to call, ‘high-quality deal flow’. Out of 300+ applicants that met the program criteria, the five finalists selected were ones that showed both experience and early success in the niche market where their solution is needed,” added Cartini.

Dorrit Lowsen, Co-founder of Change Finance, a company that produces performance-oriented investment products that seek to promote a more just and sustainable world, was a recipient of a $250,000 investment.

Lowsen understands first-hand the pressure to quickly address climate and clean energy technologies as she was a member of the domestic energy and environmental policy committee in Beijing during the preparation for the Paris Climate Agreement. Lowsen shared, “We believe investing for good can profit people, planet, and investors–and that idea permeates our culture from the rigorous, rules-based methodology that underpins our investment products, to the intentionality we bring to our shareholder advocacy.”

Additionally, SaLisa Berrien, Founder and CEO, COI Energy was recognized with a $200,000 investment. Berrien has more than two decades of energy experience focused on energy efficiency, smart grid optimization, and big data analytics. She describes herself as, “a climate tech professional that is passionate about leaving the space she occupies better than she found it.” Berrien explains that, “COI Energy is changing the face of energy with its digital energy management that detects and eliminates energy waste in buildings and repurposes that waste for good. We use machine learning and artificial intelligence to predict energy behaviors and make corrections to avoid waste.”

Diversity In ClimateTech launched in early 2021, recruits, educates, inspires and supports the growth of companies led by Black, Indigenous, and People of Color (BIPOC) and women founders on the forefront of climate tech innovation. Founders with innovations that reduce greenhouse gas emissions, support the decarbonization of the economy, and broadly reduce energy consumption were recruited to participate in the accelerator.

“Through the Diversity in ClimateTech program, together, we aim to help create a more diverse and inclusive environment for women founders who are changing the world through climate tech,” said Elisa Miller-Out, Chloe Capital co-founder and managing partner.

Chloe Capital and Cornell University manage the Diversity in ClimateTech program with support from New York State Energy Research and Development Authority (NYSERDA). Through this partnership, founders at the idea or pre-seed stage also receive support for their companies and are provided with an array of resources in New York’s clean energy ecosystem within the Southern Tier, to help them progress.

“The Diversity in ClimateTech business accelerator and fundraising program is helping to fuel the continued growth of the climate tech industry in New York’s Southern Tier,” said Katie MacDonald, NYSERDA’s Director, Technology to Market. “Congratulations to all of these companies that are bringing diverse entrepreneurial ideas to the region, where they can take advantage of New York State’s unmatched clean energy assets and infrastructure.”

***

Contact
Kathryn Cartini
Partner, Chloe Capital
kathryn@chloecapital.com
978-225-3288

About Chloe Capital
Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early-stage investing is what makes the firm so unique. More than 15,000 people around the world have already joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com

About Cornell’s Center for Regional Economic Advancement
Cornell’s Center for Regional Economic Advancement (CREA) fuels economic growth and diversity in Upstate New York through entrepreneurship and innovation. CREA is focused on making a measurable impact by supporting and managing a portfolio of over a dozen programs, including Rev: Ithaca Startup Works, Rev’s Hardware Accelerators, Grow-NY, UNY I-Corps, Cleantech Hardware Scaleup, and many Cornell-facing startup accelerators and fellowships. CREA.Cornell.edu

Women Entrepreneurs Receive Venture Capital Funding to Address Climate Crisis2022-01-11T21:16:37+00:00

Five Women Selected for New Diversity In ClimateTech Program

Diversity In ClimateTech is powered by Chloe Capital and Cornell University, and supported by NYSERDA, to assist BIPOC and women-led companies tackling the world’s climate crisis.

[RELEASE] SEPTEMBER 16, 2021 – New York, NYChloe Capital is excited to announce the five women-led climate technology companies that will join us in Ithaca, NY on October 5-6, 2021 for a 48-hour fundraising experience. 

Chloe Capital and Cornell’s Center for Regional Economic Advancement (CREA) with support from New York State Energy Research and Development Authority (NYSERDA) have set out to combine their expertise and resources, resulting in a new program for founders tackling some of our world’s most critical challenges. 

Diversity In ClimateTech aims to recruit, educate, inspire and support the growth of companies led by Black, Indigenous, and People of Color (BIPOC) and women founders on the forefront of clean energy innovations. 

Diversity In ClimateTech includes activities for founders and investors, including a Showcase where founders pitch for investments. At least one founder will receive a Chloe Capital investment of up to $250,000. A panel of potential co-investors representing Armory Square Ventures, Include Venture Partners, The New York Angels,  Aligned Climate Capital and the Clean Energy Ventures will also be on hand to explore the deals. On average, participants in a Chloe Capital program raise $1.5MM.

Chloe Capital’s impact investing initiatives empower other investors to take action. Our goal is to collaborate. As a united front, we can best position founders to achieve success and deliver  healthy returns on investments. During our programs, we like to watch the founders in action, and introduce them to a large community of supporters who are ready to help with both funding and resources,” said Kathryn Cartini, Chloe Capital co-founder and partner. 

Here are the women chosen out of 300 applicants worldwide to participate in Diversity In ClimateTech:

1.

Dorrit Lowsen
President & Co-Founder, Change Finance
Change-Finance.com
Alexandria, VA

Dorrit Lowsen, Change Finance | Chloe CapitalChange Finance builds performance-oriented investment products that seek to promote a more sustainable world. Transforming capital markets and implementing impact-driven, performance-focused strategies help bring profit to people, planet and investors.

2.

Lisa Altieri
Founder & CEO, BrightAction
BrightAction.com
Palo Alto, CA

Lisa Altieri, BrightAction | Chloe CapitalBrightAction helps companies, organizations and cities to empower their communities on climate change solutions through a collaborative platform using simple, everyday actions to make an impact.  Custom branding, innovative engagement programs, personalized experiences, team and group

3.

Madison Savilow
Founder, Expedition Air
ExpeditionAir.today
Calgary, Alberta, Canada

Madison Savilow Founder of Expedition AirExpedition Air was founded on the idea that every product consumers interact with should enable a low carbon future. A spin-out from NRG COSIA Carbon XPRIZE X-Factor Winner, Carbon Upcycling Technologies, Expedition Air produces advanced solid additives derived from greenhouse emissions and cheaply available solids for use in the consumer products industry.

4.

Martha Montoya
Founder & CEO, Agtools Inc.
Ag.tools
Irvine, CA

Martha Montoya CEO and Founder of AgtoolsAgtools is a worldwide financial intelligence data for the food & agriculture global supply chain offering trusted market official data from around the world, in real-time data for stakeholders to manage market volatility of over 500 commodities at 1 billion transactions per second and avoid CO2/SO2 across their actions.

5.

SaLisa Berrien
Founder & CEO, COI Energy
CoiEnergyServices.com
Tampa, FL / Binghamton, NY / Brooklyn, NY

SaLisa Berrien Founder and CEO of COI EnergyCOI Energy is changing the face of energy with its digital energy management that detects and eliminates energy waste in buildings. COI takes a holistic approach to demand management that includes temporary (emergency curtailments), semi-permanent (peak shaving and load shifting) and permanent (energy efficiency and renewable energy) demand management.

“Cornell’s Center for Regional Economic Advancement (CREA) is proud to participate in this program and help founders extend their company’s impact to the Southern Tier region in New York state. CREA is committed to accelerating the region’s economic growth—focusing on job growth and attracting new businesses,” said Andrea Ippolito, W.E. Cornell program director. 

In addition to the Founder Showcase, Diversity in ClimateTech will also feature New York Times best-selling author, journalist, women’s-advocacy leader Gretchen Carlson. Carlson recently co-founded Lift Our Voices, a non-profit organization with a mission to expose the struggles of female harassment victims. 

GRAMMY award-winning singer-songwriter and Native American, Joanne Shenandoah, will share a special musical performance. Shenandoah is described as a “cross-cultural and multi-genre artist known for her beautiful vocals and insightful lyrics that nurture the spirit.” Shenandoah has also been recognized as an ambassador of peace, human and earth rights. 

Katie MacDonald, NYSERDA’s Director, Technology to Market said, “We are working together as a community to solve the toughest climate challenges faced across the Southern Tier and New York State while advancing clean energy to enable climate impact. Diversity In ClimateTech allows us to support leading founders at the helm of some of the most promising, cutting-edge innovations and companies.”

Due to Covid restrictions, Diversity in ClimateTech is only open to a select number of founders, investors and community members. If you’re a member of the press, please use the contact information below to connect. All others around the globe can still take part in the experience, which will be broadcasted on Wednesday, October 27, 2021 at 4pm EST.  Register for free > diversityinclimatetechshow.eventbrite.com

Contact
Kathryn Cartini
Partner, Chloe Capital
kathryn@chloecapital.com 

***

About Chloe Capital
Chloe Capital is a  venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early stage investing is what makes the firm so unique. More than 15,000 people around the world have already joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com 

About CREA
Cornell’s Center for Regional Economic Advancement (CREA) fuels economic growth and diversity in Upstate New York through entrepreneurship and innovation. CREA is focused on making a measurable impact by supporting and managing a portfolio of over a dozen programs, including Rev: Ithaca Startup Works, Rev’s Hardware Accelerators, Grow-NY, UNY I-Corps, Cleantech Hardware Scaleup, and many Cornell-facing startup accelerators and fellowships. CREA.Cornell.edu

Five Women Selected for New Diversity In ClimateTech Program2022-01-11T21:16:37+00:00
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