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Chloe Capital Invests $300K in 4 NYC Entrepreneurs

Chloe Capital, a venture capital firm dedicated to empowering early-stage entrepreneurs from diverse backgrounds, has announced four new investments totaling $300,000. These investments are part of its mission to foster innovation, drive economic growth, and build a more inclusive entrepreneurial ecosystem in New York City's tech scene.

Empowering Diverse Entrepreneurs

The investments are a result of Chloe Capital's 2024 Founder Fellowship cohort, which welcomed 15 startup teams from across New York City. Notably, 80% of these teams were women-led and 100% were diverse-led, reflecting Chloe Capital's commitment to inclusivity.

• The Fellows received access to valuable resources, including investor connections, mentorship, and support to help scale their operations and expand their market reach.
• The program culminated in a Founder Showcase, where over 100 investors, community members, and potential partners gathered to learn about the participating startups.

Investing in Innovative Startups

The four companies selected for investment represent a range of industries, showcasing the creativity and resilience of diverse founders based in New York City. These companies are:

BOLDER MONEY

• Co-Founders: Amy Schultz & Siddharth Singh
• Website: boldermoney.com
• Description: Bolder Money is a chat-based money coaching platform designed for consumers who don't work with financial advisors. They focus on addressing the emotional and behavioral aspects of managing finances.

ELEKTRA HEALTH

• Co-Founder & CEO: Jannine Versi
• Website: elektrahealth.com
• Description: Elektra Health provides a digital platform offering evidence-based telemedicine care, education, and community support for women's post-reproductive health.

JOULEZ

• CEO: Micah Berdale
• Website: drivejoulez.com
• Description: Joulez operates an all-electric vehicle rental and fleet management platform in New York City, focused on developing the technology and infrastructure for successful EV deployment.

LILU

• Co-Founders & Co-CEOs: Adriana Vazquez-Ortiz & Sujay Suresh Kumar
• Website: wearlilu.com
• Description: Lilu is a women's health company developing tech-enabled products to improve postpartum care for new mothers, including the Omni Breast Pump and the MilkSense Smart Bra + App.

Building an Inclusive Ecosystem

Myneco Ramirez, Partner at Chloe Capital, emphasizes the importance of supporting diverse entrepreneurs who are tackling critical social issues. She highlights the firm's commitment to creating a more equitable and inclusive business landscape in New York City.

Chloe Capital's Impact

Chloe Capital's innovative accelerator model provides resources, mentorship, and a collaborative network to help diverse, tech-enabled entrepreneurs thrive. This latest round of investments reinforces Chloe Capital's ongoing dedication to fostering an inclusive entrepreneurial ecosystem at scale.

About Chloe Capital

Chloe Capital is a venture capital firm specializing in investments in women-led technology companies. They partner with universities, corporations, and foundations to support programs that facilitate fundraising efforts for underrepresented founders. Through their collaborative approach, they have helped raise millions of dollars for diverse entrepreneurs.