New Investments: Highlights of Our Fourth Quarter 2019

GingerBread Capital ended the year as an LP in several new funds that closed in December 2019. We now participate in a total of 12 VC funds committed to investing in women and diverse founders, including:

HARLEM CAPITAL

Started as an angel fund in 2015 by Henri Pierre-Jacques and Jarrid Tingle with the goal to invest in 1,000 diverse founders over the next 20 years, Harlem Capital ended 2019 with the launch of its first VC fund, closing on $40.3 million. Their goal for 2020? To invest in 10-12 US startups run by women or diverse founders. (TechCrunch)

“We are a venture fund with impact, not an impact fund. The way we generate impact is to give women and minority entrepreneurs ownership.”

 

THE OPERATOR COLLECTIVE

Co-founded by CEO Mallun Yen, the Operator Collective is a group of 100+ VCs — 90% of whom are women — who’ve committed $45 million to date to invest in awesome B2B tech startups. (Crunchbase)

“Despite the essential role operators play in Silicon Valley, they’ve been largely missing from the venture world. We wanted to turn the model on its head.”

 

 

MOXXIE VENTURES 

Katie Stanton, a former Twitter exec and now founder/CEO of Moxxie Ventures, closed on her inaugural fund of $25 million. (Medium.com)

“Great ideas can come from anyone, anywhere. I want to support a diverse network of entrepreneurs with capital, mentoring, experience and whatever it takes to bring their visions to life.”

 

NEW COMPANIES IN THE GBC PORTFOLIO

Aclima delivers hyperlocal air quality data and insights that empower organizations and individuals to reduce emissions and protect public health. Co-founder/CEO Davida Herzl launched the San Francisco-based company in 2010. Aclima just announced its partnership with the Bay Area Air Quality Management District on an unprecedented program that will map air pollutants and greenhouse gas emissions block by block in all nine counties of the Bay Area — covering more than 5,000 square miles. Learn more.

Basepaws provides the world’s first DNA test for cats. Want to know more about what that mini-lion in your livingroom is made of? What its health risks are? How to provide your beloved feline with an optimal environment and diet based on its genetic traits? Founder/CEO Anna Skaya knows you do. Get your test kit here.

Boon Supply combines philanthropic crowdsourcing with online shopping. With every purchase of products featured on the site, 40% will go to your designated charity. Launched by serial retail entrepreneur Lily Kanter in 2017, the e-commerce platform also lets you set up your own fundraiser for your favorite cause. Start shopping/fundraising now!

Chief is a members-only professional network that connects and supports women in executive leadership positions. Co-founded in 2018 by Carolyn Childers in New York, Chief features a posh members-only ‘clubhouse’ and events with prominent women leaders in business. Chief is adding a second location in Los Angeles. Apply to join on its website.

Climb Credit partners with schools that offer the knowledge and skills required for jobs with strong earning potential and provides students with access to affordable loans to attend. Co-founder/CEO Angela Ceresnie formerly ran credit risk analytics teams at American Express and Citibank. Learn more.

The Muse is an all-in-one career platform for job seekers and companies looking to attract and hire the best talent. The site features job openings, career advice, and inside peeks at companies and their cultures. Co-founders Alex Cavoulacos and Kathryn Minshew, who launched the platform in 2011, are also co-authors of the book, The New Rules of Work. Find the perfect job, the perfect candidate and great career advice here.

“Make sure that the capital you’re seeking is the right capital for your business. If you're going after VC, make sure you're a VC [backable] business."
Ita Ekpoudom