By selling its service through health systems and hospitalslike current partners Cedars-Sinai Medical Center and Childrens Hospital Los AngelesMahmee works to reach consumers of all income levels. Necessary cookies are absolutely essential for the website to function properly. "It was a really important moment for our team to have support from someone like her . Her fashion line, How Esusu Is Helping to Bridge the Wealth Gap One Credit Score at a Time, Serena Ventures was founded with the mission to champion, Fenty for All: Rihannas Transformation From Pop Icon to Impactful Entrepreneur, Just last month, Serena Ventures partnered with MaC Venture Capital and Michael B. Jordan to create a startup pitch competition for Historically Black College and University (HBCU) founders. Registry of Corporate Directors. But this is also something that businesses will benefit from, said Serena Williams, Managing Partner of Serena Ventures. Required fields are marked *. With 23 Grand Slam singles titles under her belt, Serena Williams, 40, is considered one of the greatest tennis players of all time. By teaming up with BELLA+CANVAS on the Masks for Kids campaign, Serena provided 4 million masks daily to underserved schools across the US. Take trading cards, something Alison has never cared aboutthat is until alternative assets boomed during the COVID-19 pandemic. The clause requires stockholders to use corporate governance mechanisms to vote for removal of any board member in the event of a "#MeToo event, racial discrimination, and/or sexual orientation discrimination incident. Duncan is an award-winning editor with more than 20 years experience in journalism. The views expressed herein are as at the date of this summary and are subject to change without notice. Norbert Health is a Brooklyn, NY-based contactless, multi-modal vital sign scanning company. We really believe that we can make the most by finding companies that solve bigger consumer problems, especially for people who have been ignored by the traditional players in the game.. Required fields are marked *. March 1 (Reuters) - Tennis great Serena Williams raised $111 million for her new early stage venture capital firm Serena Ventures, according to the fund's blog post on Tuesday. The meaningful sponsors for the fund in investment in the same round are GV, Brand Foundry Ventures, Andreessen Horowitz. Serena Ventures was founded in 2014. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Just last month, Serena Ventures partnered with MaC Venture Capital and Michael B. Jordan to create a startup pitch competition for Historically Black College and University (HBCU) founders. Williams' partner shares. ", "Having business leaders like Serena Williams and Whitney Wolfe Herd as part owners in Alice has created a dream team of savvy investors," said Elizabeth Gore, president and chairwoman of Alice. Serena Ventures - The Serena Williams-backed VC Fund As Alice expands its platform to provide valuable resources to small business owners across the country, Serena Williams and Whitney Wolfe Herd are joining together with Alice founders Elizabeth Gore and Carolyn Rodz to further advance the powerhouse intelligent business advising company in order to cultivate the success of every entrepreneur. They may not be networked to them, and thats something that you can fix. An obvious solution is building a diverse team and creating internal opportunities for people with non-traditional VC backgrounds, which creates access to those wider networks. Williams understands firsthand the plight of founders of color. Number of Employee Profiles 2. OpenSponsorship has partnered athletes with campaigns from brands such as Walmart, Foot Locker and Levis, was launched in the USA in 2015 after Ishveen who was then a sports agent realised and then grew frustrated with the obtuse and restrictive way in which athletes were able to access brands for sponsorship. As AfroTech reported back in March 2021, Williams joined the $5 million funding round to invest in Lolli, a Bitcoin-based rewards company. I just want people that believe in our mission and that want to be a part of something really amazing. Williams first started investing a little over nine years ago because of what she calls a natural draw to technology and a desire to be involved with all of the startups she was seeing pop up in the space. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. 500 Startups Management Company, L.L.C. Unlike other telehealth platforms, Mahmee does not prescribe birth control or other medication. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. In honor of this announcement, Alice is paying it forward, providing a financial grant and mentorship to one small business owner who applies at www.helloalice.com. San Francisco, California, United States 1-10 Micro VC, Venture Capital Early Stage Venture www.serenaventures.com/ 8,633 Highlights Funds 1 Investments 63 Diversity Investments 34 Exits 5 Employee Profiles 2 Contacts 4 other investors Discover more funding rounds For us, its really about the founder and do we like the company and does the founder have a good story and why is he doing it. I knew that I wanted to do a fund, but I worked backward, by using my own capital and then creating a track record and getting to know everyone.. In April, Williams formally announced that Serena Ventures is open for business, to fund others and launch companies herself. After Serena Williams gave birth to her daughter in 2018, she shared the life-threatening complications she experiencedand how, as a black woman, she was three times more likely to die from pregnancy or childbirth-related causes. With 23 Grand Slam titles in singles, 14 in womens doubles and two in mixed doubles, Serena quite easily clears the court of competitors. Lets just be honest, you know I couldnt just say Oh Im going to do this and have fun with it. Cision Distribution 888-776-0942 This website uses cookies to improve your experience while you navigate through the website. Tennis champion Serena Williams is hanging up her racket after the 2022 U.S. Open. The new investment will be used to grow the team, build additional features, pursue medical certification, and expand operations. Investors claiming they cant find opportunities to invest in women and founders of color probably arent trying hard enough, said Alison. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Tennis star Serena Williams has raised $111 million for her early-stage venture capital firm Serena Ventures, she told the DealBook newsletter. Among its portfolio of more than 50 companies, 60% of founders are people of color. But Williams goal to help create a better world extends beyond her purpose-driven business enterprises. Currently, Sorare has IP license deals with 230 mens soccer clubs and leagues. FORTUNE may receive compensation for some links to products and services on this website. Atlanta Black Star is a narrative company. To help guide the business and attract new athletes and brands to the platform in the UK, OS has hired Charlie Turner, a former Team GB Swimmer and co-founder of the award-winning plant protein brand Neat Nutrition, as Head of UK. It can be a component of a solution here, she says. As part owner in the company, we are working to ensure that all underrepresented groups in business are given equal access to funding, networking and services that are vital to success, said Serena Williams. The achievement comes nine years after she first started the project and has taken on a portfolio of more than 60 angel investments. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. We dont fit the mold of venture.. While commenting, you are under the rule of our websites terms of use and privacypolicy. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Womens soccer club Angel City FC was founded by Serena Williams along with celebrities Natalie Portman, Abby Wambach, Julie Uhrman, and Ohanian, Forbes reported. Technologys not going to save the world, its not going to save the maternal health care industry, says Mahmee CEO Melissa Hanna. The Serena Williams Foundation created the Yetunde Price Resource Center to honour the life and memory of its namesake Serenas eldest sister. Serena Ventures - Overview, News & Competitors | ZoomInfo.com They are finding new sectors to focus on, such as the rise of online education. AfroTech reported that Williams invested in the seed round back in August 2021. Sign up to receive The Atlanta Black Star Newsletter in your inbox. In December 2019, AfroTech reported that Serena Williams joined celebrities like Jay-Z and NBA player Caris LeVert to invest in Kopi Kenangan, an Indonesian coffee company. Serena Williams' venture fund invests seven figures In British martech A team thats all women and from very different backgrounds, we see the world differently. We do this to improve browsing experience and to show personalized ads. For those who arent aware an angel investor is an individual who uses their own funds to support a start-up company or project. OpenSponsorship will utilise the funding for a wide array of growth strategies but sees the UK market as a core focus for expansion. Now Williamsthrough her firm Serena Ventureshas invested in Mahmee, a startup working to end the maternal mortality crisis affecting black women in the United States. That includes looking at digital learning as a supplement and a way to attack inequities in traditional education systems. She has interest in early stage investing across Embedded Finance, Digital Health, and B2B SaaS. Bumble and Serena Ventures join SVB Financial Group, Silicon Valley Bank's holding company, as lead, as well as Cathie Reid, Jean Case, Phyllis Newhouse, Shatter Fund, and Signia Venture Partners . In July 2021, AfroTech reported that Serena Williams participated in the $10 million Series A funding round led by Motley Fool Ventures for Esusu, a rent reporting company. Giving back is one of the most important and meaningful principles of life - something that former tennis star Serena Williams knows all too well, Phoebe Schecter | Chair of the D&I Committee at BAFA, Ally and Disney partner to advance equality in womens sport, Meet Simona De Silvestro, Porsche works drive. Consult with a licensed financial professional before investing your money. March8 recognises, celebrates and champions the achievements and contributions made by women in both business and society. Invest Like The GOAT: After Investing In Multiple Billion-Dollar Serena Ventures' headquarters is located in Washington, District of Columbia, USA 20005. . That fact naturally attracts diverse deal flow, because founders identify with the investment team and see Serena Ventures as a safe place to share their vision. Another day, another milestone reached for Novak Djokovic as he racked up Grand Slam victory number 350 by dispatching Australia's Jordan Thompson at Wimbledon on Wednesday. Aug 30, 2022. Thirty-five U.S states still charge women a tampon taxKeep up with the worlds most powerful women with Fortunes Broadsheet newsletter. LinkedIn sets this cookie to store performed actions on the website. In March, the firm announced it had raised an inaugural fund of $111 million. We do not intend to delete any comments on the website unless within our noticeand take down procedure. I love the fact that this platform puts supporting athletes at the core of its business and am proud to be a part of their journey as an investor.. Zigazoo, a social network for children, secured Serena Williams as an investor back in 2020. To learn more visit the platformwww.helloalice.com, as well as onTwitter, LinkedIn, and Instagram. Serena Ventures has invested in more than 30 companies and increased its public profile in the past year. Your email address will not be published. BE 100s Not consenting or withdrawing consent, may adversely affect certain features and functions. But thats only the beginning of the Serena Williams story. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Her fashion line, S by Serena, aims to empower women through inclusive and accessible styles with diverse, fun and authentic designs. View contact profiles from Serena Ventures Popular Searches Serena Ventures Serena Ventures LLC Jx5 Ventures LLC Meanwhile, Black founders contend with systemic inequity at each step of their journey. They often assume that women-founded companies are more likely to fail. Serena Williams Launches VC Firm to Invest in Diverse Entrepreneurs Among the various public portfolio startups of the fund, we may underline Impossible Foods, Andela, Billie. She co-founded the company with her mother, Linda Hanna-Sperber, a longtime nurse and lactation consultant, and a third co-founder, Sunny Walia. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! We also use third-party cookies that help us analyze and understand how you use this website. When you have the ambition to build the biggest entertainment group in the world of sports, and you have the opportunity to partner with one of the greatest athletes in history, you want that perspective, Sorare CEO Nicolas Julia toldForbes. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. Serena Williams' Venture Capital Firm Raises $111 Million
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