Chloe Capital Announces Renewed Founder Fellowship Program to Empower Diverse Tech Founders in New York City

FOR IMMEDIATE RELEASE

New York City, NY – October 16, 2024 – Chloe Capital is proud to announce the launch of its continued Founder Fellowship partnership dedicated to supporting underrepresented tech founders across New York City. This innovative initiative aims to provide diverse entrepreneurs with the resources, mentorship, and funding necessary to scale their tech startups and drive meaningful change in the industry.

In 2025, Chloe Capital will select a diverse group of fifteen NYC-based startup teams to join its Founder Fellowship cohort and receive bespoke resources, access to industry leaders, and critical introductions to investors and partners. As part of the program, participants will engage in workshops, networking events, and mentorship sessions with seasoned professionals.

“We are thrilled to continue our partnership with Chloe Capital as a cohort operator for the Founder Fellowship program, supporting tech founders across New York City in scaling their startups,” said Fernando Montejo, VP of Innovation Industries at New York City Economic Development Corporation. “Chloe Capital’s commitment to empowering and investing in underrepresented entrepreneurs aligns seamlessly with the Founder Fellowship’s mission to foster a more inclusive and equitable tech ecosystem in our city.” 

Chloe Capital’s Founder Fellowship has already made a significant impact with its two previous cohorts, helping thirty-five founder teams to secure funding, gain valuable insights, and expand their networks. This year’s program promises to build on that success.

“Building off of our mission of inclusive ecosystem, we are thrilled to continue our multi-year partnership with NYCEDC and its trailblazing Founder Fellowship,” said Myneco Ramirez, Partner at Chloe Capital. “At Chloe Capital we believe that by empowering diverse perspectives and giving founders the tools they need to succeed, we unlock groundbreaking innovations that can reshape industries. We are excited to see the incredible ideas that this cohort will bring to life.”

Applications for the program are now open, and interested founders are encouraged to learn more and apply at www.chloecapital.com/nyc-2025.

Join us in supporting the next generation of diverse tech leaders and driving forward the future of innovation in New York City!

About the Founder Fellowship
The Founder Fellowship is a leading initiative focused on fostering diversity and inclusion within the tech industry. By providing underrepresented entrepreneurs with mentorship, resources, and funding, we aim to create a thriving ecosystem where diverse voices can innovate and succeed.

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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 

For more information, interviews, or media inquiries, please contact Kristina Klaas at info@chloecapital.com.

Chloe Capital Announces Renewed Founder Fellowship Program to Empower Diverse Tech Founders in New York City2024-10-17T03:11:12+00:00

Chloe Capital Unveils Strategic Investments in Four New York City Entrepreneurs as part of its Second Founder Fellowship Cohort

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

boldermoney.com

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

elektrahealth.com

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

drivejoulez.com

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

wearlilu.com

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

Chloe Capital Unveils Strategic Investments in Four New York City Entrepreneurs as part of its Second Founder Fellowship Cohort2024-08-29T17:14:10+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
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