Chloe Capital and ECMC Foundation announce a virtual program for women driving workforce and education solutions; Up to $250,000 in funding announced on May 19, 6PM ET.
For Immediate Release
New York, NY (April 28, 2020 )— Chloe Capital, a venture capital firm that invests in women-led innovation companies, will launch a new virtual program for women entrepreneurs. The virtual program will run in partnership with ECMC Foundation, a nationally focused foundation that helps advance solutions in postsecondary education. This program marks the third collaboration between ECMC Foundation and Chloe Capital. Together, the organizations will deploy a total of $1.25 Million in funding to women leading the Future of Work & Education over six months.
This new virtual program will continue to focus on the next generation of workforce and edtech solutions, and all of the companies selected to participate in the program have diverse leadership teams. The program will run similar to other Chloe Capital signature programs, but will operate virtually, allowing for the founders, investors and speakers to participate without traveling to a physical location during the 24-hour program. Onsite participation was a former necessity as these engagements are part of Chloe Capital’s unique due diligence process, and a proven way to connect founders with more investors and resources, such as ECMC Foundation. Participants will now join the experience through a heavily digital experience to include a virtual dinner, workshop and pitch event. During these online events, founders will work together, connect one-on-one with dozens of investors and build new relationships with industry experts.
“This is an important opportunity for ECMC Foundation to continue investing in women-led innovation,” said Jessica Haselton, Director of Program-related Investments at ECMC Foundation. “With many venture capital funds and foundations winding down funding during this pandemic, we feel compelled to invest in the thought leaders and changemakers who are building the types of solutions we need most in education today.”
“Chloe Capital is proud to build on the successful programs we’ve created with ECMC Foundation, University of Denver, New York State’s Empire State Development and other foundations, institutions and corporations,” said Elisa Miller-Out, Co-founder and Managing Partner at Chloe Capital. “Women are natural innovators, and we’re seeing more female founders and supporters Rise Up during the uncertainty.”
The Future of Work & Education program co-hosted by ECMC Foundation and Chloe Capital will be held via Zoom in May 2020. Those who believe in our Movement to #InvestInWomen are invited to join us for a public pitch event on May 19 starting promptly at 6:00 p.m. ET.
RSVP here: InvestInWomen-CLT.eventbrite.com
Prior to the public pitch event, five founders will participate in a virtual dinner and workshop with dozens of investors including Elisabeth Garlow, Lumina Impact Ventures; Del Johnson, Backstage Capital, Anne Kennedy, Mastersfund; Marissa Lowman, Village Capital; Deborah Quazzo, GSV Ventures; and K. Paul Singh, Rezon8 Capital. Both founders and investors will also learn from productivity expert Mackenzie Sweeney and Diversity & Inclusion Specialist Mallory Whitfield, as well as Janna Westbrook, co-founder and CEO of Provider Pool.
“Janna received investments from both Chloe Capital and ECMC Foundation during our program in New Orleans,” said Kathryn Cartini, co-founder and Partner at Chloe Capital. “Provider Pool is a staffing platform that connects healthcare professionals to facilities. Janna is among the talented founders who are Rising Up during the pandemic to help on the front line of the crisis.”
Here are the female founders selected to participate in our first ever VIRTUAL experience :
Beagle Learning helps students succeed by combining inquiry-based learning and artificial intelligence into plug-and-play exercises that fit any classroom–boosting student performance +18% and engagement +50%.
BridgeCare works with employers and governments to help working parents find and afford quality childcare, including daycare, preschool, before and after school programs, and summer camps.
EdSights uses conversational AI to solve the college dropout crisis. The bot (named after colleges’ mascots) helps support tens of thousands of students across 25+ college campuses every day.
Fiveable is a social learning platform for students and teachers to collaborate through live streams, live trivia, and interactive community threads. It’s the go-to platform making remote learning fun and collaborative.
Indigo is an AI-enabled platform that increases student success, retention, social emotional health and career readiness in higher education — providing 1:1 personalized guidance for both learners and educators.
Learn More: ChloeCapital.com
As part of our Movement to Invest in Women, Chloe Capital and ECMC Foundation will continue to drive business for these founders after the investments by tapping into our national networks of talent, investors and community leaders. Companies including HubSpot for Startups, Google for Startups, TriNet, and more are already paying it forward to support our female founders with free and discount professional services.
Please join our Movement to Invest In Women by helping to spread the word about this new virtual experience for women entrepreneurs.
RSVP here: InvestInWomen-CLT.eventbrite.com
About ECMC Foundation___________
ECMC Foundation is a Los Angeles-based, nationally focused foundation whose mission is to inspire and facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence-based innovation. It is one of several affiliates under the ECMC Group enterprise based in Minneapolis. ECMC Foundation makes investments in two focus areas: College Success and Career Readiness; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments, to invest in both nonprofit and for-profit ventures. Working with grantees, partners and peers, ECMC Foundation’s vision is for all learners to unlock their fullest potential. ECMCFoundation.org
About Chloe Capital_______________
Chloe Capital is more than a VC firm – we’re a Movement. Despite recent progress, less than 5% of women-led companies receive venture capital in the U.S. Yet companies with women leaders statistically perform better and produce greater returns for investors. In partnership with foundations, universities and corporate innovators, Chloe Capital has set out on a national tour to #InvestInWomen. ChloeCapital.com