Chloe Capital Announces Five Pittsburgh-area Founders Selected for Accelerator
Five Women-Led Companies Receive Access to Capital, Resources and Networks
FOR IMMEDIATE RELEASE
Pittsburgh, PA, April 17, 2024 –Chloe Capital, a Movement-driven venture capital firm, has selected five women-led technology companies to participate in INVEST IN WOMEN x 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.
The Pittsburgh technology ecosystem is attracting new and exciting companies and investors. Despite a national decline in venture capital fundraising, “Pittsburgh saw the second-highest year on record investment in its tech economy,” according to a recently released report by Ernst & Young LLP (EY US) and Innovation Works.
To help move the needle, five women entrepreneurs from the Pittsburgh area have been chosen to participate in INVEST IN WOMEN x PITTSBURGH. Each receives the opportunity to connect with national leaders across industries, hear critical feedback on how to grow their businesses, and potentially receive investment 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 May 8, 2024 at Google in Bakery Square. This is more than just a showcase; this is a new way to elevate founders by drawing from our collective expertise to power up our founders to reach their next milestones. More details to come.
“The caliber of applicants for the 2024 Invest In Women x Pittsburgh cohort was outstanding,” said Chloe Capital Managing Director, Elisa Miller-Out. “The applicants represented a wide-variety of industries and showcased the catalytic growth within the Pittsburgh innovation ecosystem over the last two years.”
The inaugural Invest In Women x Pittsburgh program took place in 2022 and the five participating cohort companies went on to raise over $9.5 million. Chloe Capital continues to provide access to mentorship, investor introductions, and resources.
The founders selected to participate in the second INVEST IN WOMEN x PITTSBURGH program include:
ANNE GERMAIN, PhD | NOCTEM Health, CEO & Founder
Allegheny County, Pittsburgh, PA
NOCTEM Health is creating digital solutions that drive patient workflows and scale the best and safest behavioral sleep treatments by 12X. Carpe Noctem!
ANNA LI | Korion Health, CEO & Co-Founder
Allegheny County, Pittsburgh, PA
Korion Health is enabling at-home health screenings in a technically and culturally competent way to reduce preventable deaths from heart disease.
DESTENIE NOCK | Peoples Energy Analytics, Founder & CEO
Allegheny County, Pittsburgh, PA
Peoples Energy Analytics is a SaaS platform utilizing an algorithm capable of analyzing energy use data from millions of households which provides a unique understanding of the energy challenges of the people living in those homes.
DANIELA OSIO | Kloopify, Co-Founder & CEO
Allegheny County, Pittsburgh, PA
Kloopify provides value chain visibility and leverages the right impact data to drive reductions by integrating into procurement activities, from contract management to SRM – Operationalizing sustainability within procurement.
JENNIFER PRICE | Disability Media Network, Founder & CEO
Westmoreland County, Murrysville, PA
Disability Media Network is a streaming network with entertaining content by and for the disabled community. They are a one-stop shop for businesses seeking a disabled audience and disabled viewers seeking relatable content.
“Each year Ascender impacts hundreds of entrepreneurs across many industries,” said Nadyli Nuñez, executive director at Ascender. “Through our continued partnership with Chloe Capital and the Richard King Mellon Foundation we’re honored to highlight some of the region’s top performing, technology companies that are also led by women. The talent is beyond impressive and I’m excited to witness the growth of these companies over the next few months.”
Economic development has been a primary focus of the Richard King Mellon Foundation since its founding, and the Foundation’s Strategic Plan includes a specific focus on entrepreneurship as an essential pillar of its economic-development efforts. The Foundation’s renewed investment in the Invest In Women x Pittsburgh accelerator demonstrates a commitment to building the region’s entrepreneurial and innovation ecosystem and creating opportunities for under-represented groups to jumpstart or grow entrepreneurship efforts.”
For media inquiries and more information about Chloe Capital and the 2024 Invest In Women x Pittsburgh accelerator, 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 40,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com
About Ascender
Ascender, a 501(c)3 located in East Liberty, is Pittsburgh’s vibrant community dedicated to fostering collective success, and empowering tech, tech-enabled, and mainstreet founders to achieve their full potential. Through an unwavering “listen more than tell” approach, financial focus, dynamic education programming, and an integrated coworking community hub, Ascender provides a safe place and collaborative support for entrepreneurs at the early stages of their journey. 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
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