Where venture capitalists fear to tread, women angels and Limited Partners are marching ahead. Women's healthcare is a market that is ripe for disruption, but most male VCs don't get it. One company—Portfolia—is leveraging the rising financial clout of women to become investors in its venture funds.
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Rising America portfolio company SUMA Wealth featured in the Wall Street Journal on its launch day. The investment was part of a pre-seed round dominated by investors who are women of color, from funds like Chingona Ventures and Backstage Capital.
Lorine Pendleton talks to Alfred Edmond Jr. of Black Enterprise about being a leader of the first venture capital fund led by women of color partners, targeting often overlooked and underfunded companies run by founders of color.
Portfolia company CEO Wole Coaxum of MoCaFi and Rising America investor Marla Blow, founder of FS Card Inc. and SVP of Social Impact at Mastercard are featured in this The New York Times article on entrepreneurs pursuing new business models to address income inequality and lack of access to the financial system for communities of color.
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Wole Coaxum, Founder and CEO of MoCafi, a Portfolia Rising America Fund portfolio company, joins “Closing Bell” to talk about its fintech company focused on serving minority communities, mentioning investors including the Portfolia Rising America Fund.
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Portfolia Rising America Fund Lead Investor Lorine Pendleton shares with Yahoo Finance why black founders matter and discusses the lack of minority presence in Silicon Valley and in the board room.
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Mergers & Acquisitions asks investment partner Lorine Pendleton about the Rising America Fund, the founders and the investment thesis.
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Portfolia Rising America Fund Lead Investor Lorine Pendleton joins Yahoo Finance’s On The Move panel to address the importance of investing in diverse founders.
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Savoy Magazine featured on our Rising America Fund, the first of its kind to be led by a team of African American and Latina women partners, which launched in Fall 2019..
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Dr. Christina Jenkins guided Portfolia FemTech Fund's into Aria CV's $31M Series B Round, along with Xeraya Capital, Longview Ventures, BioStar Ventures, Cedar Point Capital, Frontcourt Group and three strategic investors.
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Portfolia has been named to Fast Company's Worlds' Most Innovative Companies 2020 as one of the ten most innovative companies in finance.
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FemTech Fund lead partner Christina Jenkins, MD featured with Vanessa Larco of New Enterprise Associates (NEA) and Kristina Simmons of Khosla Ventures in Forbes piece by Estrella Jaramillo Ríos about trends and opportunities in Femtech in 2020.
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Portfolia FemTech Fund company Future Family was recently featured in Forbes FemBeat for launching a reciprocal IVF program for lesbian & trans couples.
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Portfolia CEO Trish Costello mentioned in Quartz piece about women changing financial power dynamics.
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Portfolia named Most Innovative Company of the Year by the Stevie Awards for Women in Business
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Founder and CEO, Trish Costello was named to Entrepreneur's 100 MOST POWERFUL WOMEN IN BUSINESS for her role in reshaping the world of investing for women.
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Founder and CEO, Trish Costello, was recently featured in STAT News on her experiences in the male dominated venture capitalist industry and how Portfolia’s redesigned investment platform is activating women’s capital for impact and returns.
“And what I realized is that if we really want to change venture capital, if we really want to enhance the kind of companies that get funded, and if women want specific companies in the world that address their needs, the only way to do that is for women to become the investors,” Costello said.
“Even though I put some of the top women venture capitalists in the business, we didn’t really move the needle. And we still haven’t moved the needle in venture. And what I realized is that if we really want to change venture capital, if we really want to enhance the kind of companies that get funded, and if women want specific companies in the world that address their needs, the only way to do that is for women to become the investors,” Costello said.
“[Women] buy health care and services and products for themselves, their children, their husbands, their sons. … It really doesn’t matter if it’s male or a male or female problem. Women are usually the buyers,” Costello said.
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Founder and CEO, Trish Costello, was recently featured in Forbes on how the Bay Area has topped New York as the number one city for female founders launching, growing, and scaling companies.
“‘We are at the top of a cycle though and this is when women traditionally have access to more dollars.’ Trish Costello, founder and CEO at Portfolia
‘We'll have better investments, stronger companies, higher returns, and more significant market solutions when women make up 50% of venture capitalists, angels, and limited partners,’ said Costello.”
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Trish Costello, Portfolia Founder and CEO, attended the 2019 Exponent Exchange in New York City. Costello spoke on a panel with other women industry leaders about women-led funds. Tarkazikis covers the key takeaways from this year's event.
“Trish Costello, founder and CEO of Portfolia, built a business with exactly this in mind. Portfolia is a dealmaking process for women and entrepreneurs that allows investors to help call the shots on companies and products they’d like to see enter the marketplace.
‘We have to take venture capital, shake it all up, turn it upside down, and create models that work for women. And by the way, we own half the wealth in the United States,’ said Costello. ‘For the first time ever in recorded history, we are powerful if we choose to use it. So let's do that — let’s use our financial power to get the companies we want.’”
You can also read the full article here.
Portfolia Founder and CEO, Trish Costello, was recently featured in The Odgers Berndtson Global Magazine on how the digital world is providing more and better opportunities for women to invest.
‘Unfortunately women-led or female-focused startups tend to be undercapitalized, which inhibits growth. Other companies swoop in, often male-led and typically better-funded, pick up their great ideas and take over the market,’ adds Trish Costello, CEO of Portfolia, an entrepreneurial investing platform designed for women.
You can also read the full article here.
