Black founder-turned-investor Monique Woodard has announced the launch of Cake Ventures‘ new $17 million fund to help pre-seed and seed investments. Cake Ventures’ first fund After closing her first fund in March 2021, Woodard shifted her focus to create a fund that would help underrepresented founders often overlooked by Silicon Valley. The $17 million fund will focus on pre-seed and seed investments. Woodard’s focus is to help businesses drive demographic change within three main areas: aging and longevity-minded population, increased earning power of women in society, and the shift to