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Latinx

Angeles Investors have announced the winners of this year’s Estrellas award. The line-up features a collection of the top 40 funders and venture capital firms investing in Hispanic and Latinx startups.  This year’s cohort exemplifies leadership in investing in top startups and Hispanic and Latinx founders, among the fastest-growing segments of the U.S. economy.    “It’s exciting to see the number of top funders and venture capital groups investing in Latino startups grow,” said Adele Cepeda, Angeles Investors Board Chair and Director at BMO Financial Corporation.  “In 2020, we started

Venture capital firm, LatinxVC, has opened applications for the third cohort of LatinxVC fellows.  The eight-week program prepares participants for a successful analyst, associate, and senior associate role at a venture capital firm. In addition, the program will equip Latinx candidates with the tools needed to succeed and break into the investment world.  LatinxVC was founded in 2019 by Rami Reyes, Maria Salamanca, and six other Latinx professionals. It works to grow the number of Latinx professionals in venture capital by helping them develop their careers and network.  Their eight-week program

Miami-based cybersecurity startup, Lumu, has closed an $8 million investment round. The funding round led by Panoramic Ventures also included SoftBank Group’s SB Opportunity Fund, KnowBe4 Ventures, Land Bess, a former Zscaler, and Tom Noonan, former CEO at Internet Security Systems.  Lumu, founded in 2019 by Ricardo Villadiego, is a cybersecurity company that helps businesses identify and isolate cyber-compromise in real-time. The platform identifies and isolates potential threats, attacks, and adversaries affecting enterprises. As more nation-state criminal groups continue targeting everything from business IP to government secrets, Lumu’s services have proven to

California-based VC firm, L’Attitude, has launched its new fund to support early-stage Latino founders.  The investment firm raised $100 million from big-name investors, including Bank of America, Trujillo Group, Barclays, Cisco, Royal Bank of Canada, and a “strategic anchor investment” from JPMorgan Chase.  According to the outlet, Latino business owners have grown 34% over the last decade. Yet, despite this, 72% of Latino entrepreneurs face funding shortfalls, with a large majority relying on personal savings, and only 1.8% are venture-backed.  L’Attitude, founded in 2019 by Kennie Blanco and Sol Trujillo,

Tech giant, Apple, has launched its inaugural Entrepreneur Camp, an initiative aimed at supporting underrepresented founders and developers. This year’s program will specifically focus on supporting Latinx founders and will encourage leaders and developers from nine app companies in the US, Brazil, Guatemala, and Portugal to build the next generation of apps.  “We are so excited to bolster the impact of Entrepreneur Camp with the addition of this new cohort for Latin technologists,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives.    “It’s an honor to

Mexico City-based fintech platform, Arrenda, has raised $26.5 million in a pre-seed funding round of equity and debt. The funding round, which Fasanara Capital and Kube Ventures led, also included ODX Ventures, Toehold Ventures, Wharton Fintech, Lightspeed Venture Partners Scour Fund, PRMM Inmobiliaria, and a range of angel investors. Arrenda, founded in 2022 by Joe Merullo, is a revenue-based startup that works to provide market-specific insurance and financial products to the real estate markets and landlords of Latin America. Not only does it offer advance payments to landlords, but it

A new study has found racial and gender bias in the job performance feedback given to business employees.  Texito, an augmented writing platform, surveyed over 25,000 business employees and also analyzed actual performance feedback documents, and noted consistent patterns of inequity by gender, race, and age. Latinx and Black employees were more likely to receive job performance feedback that was negatively biased and not actionable. What did they find? According to the findings, Asian people get more feedback than people of any other race—25% more than white people—and Black men

The Google for Startups Latino Founders Fund is a $5 million fund that provides promising U.S. Latinx-led startups non-equity cash awards to help fuel their businesses. Google announced the fund last year as part of its $15 million commitment to economic equity for Latinx people in the U.S. Across the country, 50 founders will each receive $100,000 in cash to help grow their business. They’ll also receive hands-on support from Google employees across the company, $100,000 in Google Cloud credits, and access to therapy to support founders emotionally and professionally.

Diana Vicezar is a Paraguayan entrepreneur studying Computer Science, Cognitive Science, and Data Science at Pitzer College in Claremont, CA. Originally born in a small country called Paraguay, home to roughly seven million people, the technologist is set to work for Meta this summer as a project designer intern. Apart from her UX designer experience – she is also the founder of Mapis, a platform designed specifically for international students on a mission to help them access the career guidance they need during internship and job hunting in the United

Google and Visible Hands, a two-year-old venture capital (VC) firm dedicated to helping underrepresented founders, announced on Tuesday they would jointly conduct a program to help Latino entrepreneurs build new businesses. The program will make a considerable impact given that Latino founders accounted for only 3.9 percent of the venture capital invested in Boston between 2015 and August of 2020, according to a report by Crunchbase. While this percentage is higher than in California (1.2 percent) and New York (2.2 percent), it is still a long way from being representative. Yasmin Cruz

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