Female Founders Bring Education Innovation to LA
LOS ANGELES (JULY 29, 2019 )—ECMC Foundation and Chloe Capital have joined forces to provide funding to women entrepreneurs at the helm of early-stage ventures.
Five women-led companies will be selected to pitch their ventures during the Invest In Women: Future of Work & Education 1-day pop-up accelerator event on Wednesday, October 30, 2019 in Los Angeles, CA. The winner of the pitch will be awarded a prize of up to $250,000. This collaboration comes at a time when women founders receive less than 5 percent of all venture capital.
“Our investments seed, develop and help new ventures and entrepreneurs prove market viability in order to attract additional financing, grow and scale their work,” said Jessica Haselton, director of program-related investments, ECMC Foundation. “We’re excited to now partner with Chloe Capital on a movement to invest in women entrepreneurs. Our goal is to generate further positive impact on learners from underserved populations.”
In addition to traditional grantmaking, ECMC Foundation provides flexible, risk capital to early-stage ventures and entrepreneurs through its Education Innovation Ventures program. The Foundation last year began making program-related investments in companies aiming to improve educational outcomes and economic mobility among students from underserved backgrounds.
In November 2017, Chloe Capital set out on a National Tour to invest in the most promising women-led innovation companies. Today, the New York-based VC firm is being recognized as a Movement that empowers approximately 11,000 founders, investors and innovation supporters.
“In collaboration with ECMC Foundation we’re excited to announce the expansion of our Movement to LA, and several other cities across the U.S.,” said Elisa Miller-Out, partner, Chloe Capital.
“We’re moving capital in each city we visit, and empowering women leaders with each step we take,” added Kathryn Cartini, partner, Chloe Capital.
Companies with creative innovations and ideas in Education Innovation, College Success, Career Readiness and Workforce Transformation are encouraged to apply for funding at ChloeCapital.com/funding. Companies do not need to be located in Los Angeles to pitch or receive investments. In addition to receiving funding from ECMC Foundation and Chloe Capital, founders will gain visibility and connections to top-tier investors.
Media and community members are also invited to attend the show. RSVP at InvestInWomen-LA.eventbrite.com.
ECMC Foundation and Chloe Capital are offering additional funding opportunities and pitch events in New Orleans, LA on February 6, 2019, and Charlotte, NC on May 19, 2019. Learn more at ChloeCapital.com/funding.
ABOUT ECMC FOUNDATION
ECMC Foundation is a Los Angeles-based, nationally focused foundation whose mission is to inspire and to 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