FOR IMMEDIATE RELEASE
New York, NY — August 19, 2024 – Chloe Capital proudly announces four new investments totaling $300,000 as part of its mission to empower early-stage entrepreneurs from diverse backgrounds through its Founder Fellowship cohort partnership with the New York City Economic Development Corporation (NYCEDC). These investments are aimed at fostering innovation, driving economic growth, and building a more inclusive entrepreneurial ecosystem to address inequities in NYC’s tech ecosystem.
Chloe Capital’s 2024 Founder Fellowship cohort welcomed 15 startup teams from across New York City, of which 80% are women-led and 100% are diverse-led. The Fellows received access to critical resources, investor connections, mentorship, and support to help scale their operations and enhance their market reach. The program culminated in a Founder Showcase that welcomed more than 100 investors, community members, and prospective partners.
To view the full list of Chloe Capital’s 2024 Founder Fellows, click here.
The companies selected for investment represent a wide array of industries, showcasing the creativity and resilience of diverse founders based in New York City. The four companies receiving investments are:
BOLDER MONEY
Amy Schultz, Co-Founder & Head Coach
Siddharth Singh, Co-Founder & CEO
Bolder Money is a chat based money-coaching platform for consumers who don’t work with financial advisors. Bolder helps consumers achieve their financial goals by addressing the emotional and behavioral side of money. Essentially Noom for money.
ELEKTRA HEALTH
Jannine Versi, Co-Founder & CEO
Elektra Health’s digital platform offers evidence-based menopause telemedicine care, education, and community support to improve women’s post-reproductive health. Members are paired with dedicated women’s health clinicians who use Elektra’s proprietary care model to create personalized wellness plans. Elektra provides ongoing symptom and care navigation through clinically validated tools and patient engagement.
JOULEZ
Micah Berdale, CEO
Joulez is an all Electric Vehicle rental and fleet management platform and operator based in NYC. They are dedicated to developing the software, technology and operations necessary for EVs to be successfully deployed in New York City and around the United States.
LILU
Adriana Vazquez-Ortiz, Co-Founder & Co-CEO
Sujay Suresh Kumar, Co-Founder & Co-CEO
Lilu is a women’s health company creating tech-enabled products to improve postpartum care for new moms. Their two product lines include the Omni Breast Pump, which uses patented breast massage technology to help moms pump 50% more milk, and the MilkSense Smart Bra + App, which provides data on breast health to support moms struggling with postpartum anxiety and depression. Both products aim to make breastfeeding more comfortable, efficient, and pain-free.
“We are thrilled to support these exceptional entrepreneurs who are not only driving innovation but also addressing critical social issues that disproportionately impact underrepresented communities,” said Myneco Ramirez, Partner at Chloe Capital. “By investing in diverse founders that are solving some of the most challenging problems we face today, we are committed to creating a more equitable and inclusive business landscape within New York City.”
Chloe Capital’s innovative accelerator model is dedicated to providing resources, mentorship, and a collaborative network to help diverse, tech-enabled Seed through Series A entrepreneurs thrive. This latest round of investments reflects Chloe Capital’s ongoing commitment to fostering its mission of inclusive ecosystem building at scale.
For more information about Chloe Capital, please visit www.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, 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 50,000 people around the world have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com