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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