Founders First Closes Oversubscribed Series A Funding with Investments from Top Impact Philanthropic Organizations in America
Retrieved on:
Tuesday, November 9, 2021
People, Melinda Gates, Poverty, VP, Partner, Founder, Acceleration, SAN, WKKF, CEO, MacArthur, Ownership, Work, W. K. Kellogg Foundation, MacArthur Foundation, Investment, Chicago Community Trust, Howard Schultz, Black, LLC, RBF, Woman, Foundation, Silicon, LP record, GLOBE, MCA, Solution, Andrew W.K., Latinx, Life, Risk, Employment, Cryptocurrency, Renewable energy, Bank
This funding was significantly oversubscribed and enables Founders First to continue leveling the playing field for diverse-led small businesses by accelerating its deployment of a $100 million credit facility from Community Investment Management.
Key Points:
- This funding was significantly oversubscribed and enables Founders First to continue leveling the playing field for diverse-led small businesses by accelerating its deployment of a $100 million credit facility from Community Investment Management.
- Since the initial Series A funding round in February 2021 , W.K.
- Founders First helps support small businesses led by women, people of color, LGBTQ+, military veterans and companies in low to moderate income areas by offering acceleration services and revenue-based funding (RBF).
- Extending its inclusivity efforts, Founders First will be releasing an Inclusive Economy Market Report at the end of this month.