YPRC works directly with community partners to offer trauma-informed programs and to promote individual, as well as community-wide, healing and resiliency. Copyright 2023 Marketing Tech News. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. And while her career on the court is one of legend, her various business ventures are equally impressive. This website uses cookies to improve your experience while you navigate through the website. Her prowess on the tennis court a court from which she recently retired has earned her a $240 million net worth, which has made her one of the richest self-made Black women in the world. For Williams, surrounding herself with other smart women was a no-brainer. Serena Williams raises $111 million for new venture fund. This cookie is installed by Google Analytics. To take a closer look at how Serena Ventures developed its diverse portfolio and pipeline, Alison recently joined 500 Startups CEO Christine Tsai for a fireside . AfroTech makes no representation about the investment information provided herein, and neither is the information meant to be construed as financial advice. Launched in 2014, Serena Ventures has invested in 50+ early-stage start-ups. March8 is an inspiring and informative community of women executives, entrepreneurs, professionals and overachievers. Serena Williams and Mark Cuban Invest in Startup Fighting - Fortune I knew that I wanted to do a fund, but I worked backward, by using my own capital and then creating a track record and getting to know everyone.. So why cant a man learn about tampons? In 2018, she and her family opened the Yetunde Price Resource Center (YPRC) to honor Williams oldest half-sister, who was murdered during a drive-by shooting in 2003, and to provide the necessary resources for those affected by trauma to flourish. B Corporation certification has long been hailed as the gold standard of sustainability we explore why, How does a retail investor replicate, as closely as possible, a venture capital investment strategy? B.E. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. When Serena Williams first launched the firm, she explicitly wanted to provide funding for more women. As we grow, we hope to mentor young founders and take burgeoning entrepreneurs to the next level. The deal is the first lead investment for ArlanWasHere. Consult with a licensed financial professional before investing your money. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. The investment from Serena Ventures is the latest funding round received by Ishveen and her team from well-known figures in sport, with other investors including David Blitzer, the owner of NBA franchise the Philadelphia 76ers and co-owner of Premier League football team, Crystal Palace. Marketing Tech provides digital marketing news and jobs, industry analysis and digital media insight around numerous marketing disciplines; mobile strategy, email marketing, SEO, analytics, social media and much more. Tennis star Serena Williams has raised $111 million for her early-stage venture capital firm Serena Ventures, she told the DealBook newsletter. The Black female founder begins her fundraising journey already down a match point. You just naturally wake up and you say, like, wow, 70% of my founders are women.. Serena Williams' new venture fund raises $111 million | Reuters Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. LinkedIn sets this cookie to remember a user's language setting. And while her career on the court is one of legend, her various business ventures are equally impressive. Thats a great way to get people to pitch to you who otherwise might not try, said Alison. Serena Williamss early-stage venture capital firm, Serena Ventures, has raised an inaugural fund of $111 million that will invest in founders with diverse points of view. The company has since invested in fintechs Propel, Cointracker and edtech Masterclass, among others. As AfroTech previously reported, Williams teamed up with another GOAT basketball star Kevin Durant to invest in Happy Viking, a plant-based superfood company owned by Williams beloved sister and fellow tennis GOAT, Venus. For those who arent aware an angel investor is an individual who uses their own funds to support a start-up company or project. Today, the tennis player-turned-multihyphenate has made her money work for her. Cision Distribution 888-776-0942 I was at a conference and Caryn Seidman-Becker, the founder of CLEAR, was on stage and she said less than 2% of all VC money goes to women. Entrepreneurs Summit The round was co-led by Serena.vc and HCVC with participation from Exor, C4 Ventures, LDV and Newlab. , . That makes pitching less intimidating, because it can be difficult to find an introduction on Sand Hill Road, especially if youre not in Silicon Valley. By selling its service through health systems and hospitalslike current partners Cedars-Sinai Medical Center and Childrens Hospital Los AngelesMahmee works to reach consumers of all income levels. POCIT is the worlds leading platform for people of color in tech to share, grow, and get hired. She will release "In Living Color: A Cultural History" on Rowman & Littlefield Press in February 2023, and "The Golden Girls: A Cultural History" on Rowman & Littlefield Press in August 2023. SAN FRANCISCO, Dec. 12, 2019 /PRNewswire/ --Alice, a free platform that guides business owners through the growth of their company, today announced Bumble and Serena Ventures as investors in Alice that will ensure every founder, no matter their background, has the opportunity to launch and scale. Serena Williams's Venture Capital Fund Raises $111 Million - Bloomberg Odd Lots The FIX | Fixed Income Factor Investing Alternative Investing Markets Magazine Rates & Bonds Currencies New. Serena Williams Founder & Partner. Ishveen Jolly, founder and CEO of OpenSponsorship, said: Since launch we have been lucky enough to receive investment from some of the most iconic names in the US sporting industry and with Serena at the heart of this Serena Ventures investment, we couldnt be more excited. Her prowess on the tennis court a court from which she recently retired has earned her a $240 million net worth, which has made her one of the richest self-made Black women in the world. But Serenas journey has been a learning curve and as she learned more about the world of funding, Williams was shocked by the inequities. In the Serena Ventures portfolio, 76% of founders come from historically underrepresented backgrounds, 53% are women, and 47% are black. Serena Williams has a new game plan: venture capital : NPR You also have the option to opt-out of these cookies. Who is Serena Ventures Headquarters 101 Parklane Blvd 201, Sugar Land, Texas, 77478, United States Phone Number (773) 914-4858 Website www.serenaventures.com Revenue <$5M Industry Finance General Finance Is this data correct? Williams has her own venture capital firmSerena Ventures, which focuses on early-stage companies, especially Black-owned ventures. Your email address will not be published. Serena Williams founded Serena Ventures in 2014. Alison Rapaport, who has previously worked at J.P. Morgan, Wasserman, and Melo7Tech Ventures, leads Serena Ventures along with Williams. Another day, another milestone reached for Novak Djokovic as he racked up Grand Slam victory number 350 by dispatching Australia's Jordan Thompson at Wimbledon on Wednesday. Many recommendations they now get come from current portfolio companies. When you have the ambition to build the biggest entertainment group in the world of sports, and you have the opportunity to partner with one of the greatest athletes in history, you want that perspective, Sorare CEO Nicolas Julia toldForbes. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. But thats only the beginning of the Serena Williams story. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Investors expect to see more traction from Black founders than their white counterparts and will often question their technical expertise and market understanding., Black female founders exist at the intersection of these challenges, making it exponentially more difficult for them to get the funding they need, she continued. How to Land an Investment From Serena Williams' VC Firm SistersInc. Powered and implemented by Interactive Data Managed Solutions. I love the fact that this platform puts supporting athletes at the core of its business and am proud to be a part of their journey as an investor.. Among its portfolio of more than 50 companies, 60% of founders are people of color. Bumble and Serena Ventures invest in Alice Series A - PR Newswire Serena Ventures - Contacts, Employees, Board Members, Advisors & Alumni Co-headquartered in Houston and San Francisco and founded by Carolyn Rodz and Elizabeth Gore, we believe in business for all by providing access to all owners including women, people of color, veterans, and everyone with an entrepreneurial spirit. Im still able to see the opportunity and help the company grow. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices They often assume that women-founded companies are more likely to fail. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. To have the support of those who understand the sports and marketing industry from first-hand experience tells us that were building something special. shared the life-threatening complications she experienced, according to the Centers for Disease Control. Alisa Gumbs is the executive managing editor of BLACK ENTERPRISE, planning and creating content across the company's print, digital, events, and broadcast platforms. Originally founded in 2014, the aptly-named Serena Ventures has since funded more than 30 companies, which were mostly led by women and other under-represented groups. With unique backgrounds and experiences, Serena Ventures brings an incredible network a network of which I am honored to be a part of. I couldnt wrap my mind around basically almost 100% of money is going to the men, she told Black Enterprise. The tennis great is committed to a number of philanthropic causes worldwide. Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. It was a really important moment for our team to have support from someone like her, Hanna said. A woman who receives health coverage through Medicaid, for instance, can use the Mahmee platform if her hospital offers it. Serena Ventures - Overview, News & Competitors | ZoomInfo.com As the champion of the UNICEF Schools for Africa initiative, Serena made it her mission to provide education to vulnerable and marginalised children. Founded in 2014, Serena Ventures is a venture capital firm based in Washington, District of Columbia. See our, Cotton Research and Development Corporation (CRDC), North Carolina, United States, Wilmington, Philadelphia, Pennsylvania, United States. Your email address will not be published. Three in five of those deaths are preventable, and one-third of those deaths happen up to a year after the birth. To take a closer look at how Serena Ventures developed its diverse portfolio and pipeline, Alison recently joined 500 Startups CEO Christine Tsai for a fireside chat at the 2021 Unity and Inclusion Summit. Serena Ventures' investments include MasterClass, Andela, Mayvenn, Tonal and Noom, to name a few. We also use third-party cookies that help us analyze and understand how you use this website. 2. Serena Williams Does It Again: The Tennis Star Just Raised $111M For They want to work with us because they know that we will come to them from a place of empathy, said Alison. Serena Ventures investments include MasterClass, Andela, Mayvenn, Tonal and Noom, to name a few. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. 2 min read Tennis star Serena Williams has raised $111 million for her early-stage venture capital firm Serena Ventures, she told the DealBook newsletter. We All Know Whos the Star of the Family: Serena Williams Shares New Babymoon Photos, Fans Zoom In on Her Daughter Olympias Model Poses, Back Got Back: Serena Williams Flaunts Her Growing Baby Bump in New Photos, Fans Zoom In on Her Curvier Physique, The Pure Joy In Her Daughters Face: Serena Williams Daughter Olympia Is Over the Moon About Becoming a Big Sister In New Video. Over the years, Serena Williams has proven that shes the GOAT. More generally, Serena Ventures also works with accelerators (including 500 Startups) and diversity-focused funds to source leads, and looks at opportunities that originate outside major startup hubs. The winnerswho will be awarded up to $1 million in structured safe investmentswill be announced by Williams and Jordan during halftime of the inaugural Legacy Classic, an HBCU college basketball showcase airing December 18 on TNT. When megastar Serena Williams recently said that she plans to retire from tennis after the upcoming U.S. Open, she added an intriguing tidbit about her future: She will turn her focus to a. Your Money, Your Life, LATEST LISTS In April 2022, AfroTech reported that Serena Williams joined forces with F1 racing legend Lewis Hamilton to bid on the Chelsea Football Club purchase. Investors notoriously doubt female founders, typically focusing investment analysis on the potential risks and losses of female-founded startups. Reserved. "At the end of the day, we work to give women the tools they need to make the first move, and investing in Alice's platform geared towards uplifting women and other underrepresented small business owners is a great way for us to continue to get more involved in our local communities and ultimately help create positive change in the broader business community. Thats just the way of the land. Another way Alison recommends sourcing diverse deal flow is by not requiring a warm intro. And also, its very authentic. But as Serena Ventures is proving, it doesnt have to be this way. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. I legit thought she misspoke because 98% is a huge number, Williams says. By signing up you agree to receive content from us. At the end of the day, Alison says VCs have a responsibility to change the way they do things and see new ideas and perspectives on markets. These cookies do not store any personal information. With 23 Grand Slam singles titles under her belt, Serena Williams, 40, is considered one of the greatest tennis players of all time. Serena Ventures Investments Plenty of its portfolio companies come from Silicon Valley, but two of its most recent investments came from North Carolina and Wisconsin. Editorial note: The net worth listed in this piece is a speculative estimate drawn from a variety of online sources. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! LinkedIn sets this cookie to store performed actions on the website. De'Havia brings 3 years of early stage investing experience, in which she helped deploy . OpenSponsorship (OS), a sports marketing tech start-up founded in New York by British entrepreneur Ishveen Jolly, has secured a seven-figure investment from Serena Ventures to help the business expand into the UK. She has years of experience reporting on critical issues affecting diverse communities around the globe. In March 2019, AfroTech reported that Serena Williams invested into The Bumble Fund, which helps women of color and other underrepresented groups who are largely ignored in venture capitalism, according to our report. Serena Williams, one of the top tennis players, has publicly launched a venture fund called Serena Ventures. To honour her lifelong passion for helping children, Serena teamed up with UNICEF, embarking on a trip to Ghana to support the countrys biggest health campaign; five years later, she was appointed as a Goodwill Ambassador. The venture-capital firm focuses on early-stage investments in . Surprise! The increased amount of exits for fund were in 2020. Our community offers practical and compelling career, financial and lifestyle resources to help women take their careers to the next level and achieve a work-life balance. Tennis superstar Serena Williams has just announced that her venture capital firm,Serena Ventures, has raised $111 million dollars in an inaugural fund. Tennis superstar Serena Williams has just announced that her venture capital firm, Serena Ventures, has raised $111 million dollars in an inaugural fund. Thirty-five U.S states still charge women a tampon taxKeep up with the worlds most powerful women with Fortunes Broadsheet newsletter. "We see our partnership as an extension of the work Serena and Bumble have already done to advance women and New Majority owners in business, and we are thrilled to welcome their perspectives and input as we expand our reach into local business communities and bring forward business for all in 2020.". Please follow this link for our privacy policy. Magazine. Is it because its a white space, or is it really solving a problem that is close to his or her heart? she told WSJ. Serena Ventures invests in companies that embrace diverse leadership, individual empowerment, creativity and opportunity. We offer an assisted fundraising option for startups, Serena Ventures is the famous VC, which was founded in 2014. Now Williamsthrough her firm Serena Ventureshas invested in Mahmee, a startup working to end the maternal mortality crisis affecting black women in the United States. Serena Ventures Investor Profile: Portfolio & Exits | PitchBook The company closed a $5M seed II funding round. Is mock DEI a window dressing for major corporations? The company intends to use the funds to double down on growth through product innovation, talent recruitment, and building its financial health platform for low to medium-income families. Coming up in a predominately white male sport, I have been underestimated and underpaid throughout my career. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. ", Integral to the raise is afirst-of-its-kind #MeToo morality clause. Serena Ventures Investments Founders from Fund 1 Investments WE WRITE CHECKS THAT POWER CHANGE FOR THE RECORD FEATURED INVESTMENTS WILE Health & Wellness Wile is a female-founded and female-formulated plant-based supplement company catering to the needs of women over 40. Analytical cookies are used to understand how visitors interact with the website. We do this to improve browsing experience and to show personalized ads. Thats my job, to make the unfamiliar familiar she said. Invest Like The GOAT: After Investing In Multiple Billion-Dollar Serena Ventures LLC. The UK market has matured in recent years and as more brands and athletes in the UK become more aware of the benefits of a streamlined sponsorship process, were excited to be in-place to welcome them to our platform.. How Serena Williams Is Making Massive Social Impact Through - Worth Our partners include enterprise business services, government agencies, and institutions looking to serve small- and medium-business owners to ensure increased revenues and promote scale. Serena Ventures - VC4A The achievement comes nine years after she first started the project and has taken on a portfolio of more than 60 angel investments. Yet, because of the areas they want to serve, Alison says they still naturally fund women, Black and Latinx founders. Serena Ventures does VC differently. Serena Ventures - The Serena Williams-backed VC Fund PLAY TO WIN Through a champion mindset and unparalleled network, we empower founders to change the world. Through collaborations with local organisations, the centre offers trauma-informed healing programmes, as well as a space dedicated to nurturing, sharing, and supporting its local community while promoting healing and resiliency. Esusu, a Harlem, NY-based financial technology company for rent reporting and data solutions for credit building, raised $10m in Series A funding. San Francisco, California, United States 1-10 Micro VC, Venture Capital Early Stage Venture www.serenaventures.com/ 8,633 Highlights Funds 1 Investments 63 Diversity Investments 34 Exits 5 Employee Profiles 2 Contacts 4 other investors Discover more funding rounds Women of Power TECH, PODCASTS Registry of Corporate Directors. In the next rounds fund is usually obtained by New Enterprise Associates, GV, Spark Capital.The fund is constantly included in 2-6 investment rounds annually. The technical storage or access that is used exclusively for statistical purposes. Serena Williams Has Secretly Been Investing in Diverse Companies for the Past 5 Years. The venture was found in North America in United States. And that needs to happen across the board.. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. All views and opinions presented herein by such third party participants do not represent those of 500 Startups or any of its affiliates or representatives. I have been so impressed with Serena Ventures and the extraordinary mentorship and support they provide entrepreneurs. Serena Ventures partner Alison Rapaport Stillman finds that VCs still ignore products and services made for audiences theyre not familiar with, even those representing massive markets. While Serena Williams Plays Her Final Matches At U.S. Open - Forbes While commenting, you are under the rule of our websites terms of use and privacypolicy. Serena Ventures partner Alison Rapaport Stillman thinks VCs need to get out of their comfort zones. Looking at the VC industry more broadly, Alison doesnt see a diverse pipeline problem, but a networking issue. After Serena Williams gave birth to her daughter in 2018, she shared the life-threatening complications she experiencedand how, as a black woman, she was three times more likely to die from pregnancy or childbirth-related causes. Serena Williams Shifts Baseline to VC Court | Entrepreneur For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. De'Havia Stewart is an Associate at Serena Ventures, where she is responsible for sourcing, evaluating, and executing deals as part of the investment team. I am incredibly excited to invest and partner with Mahmee, a company that personifies my firms investment philosophy, Williams said in a statement. I like to invest in things where I believe in the founder. It also helps that a byproduct of working with diverse entrepreneurs is that it leads to a more diverse deal flow. Serena Ventures is a private equity firm that focuses on investing in early-stage companies. But how does she spot a billion-dollar company? Its stated goal is to close the gaps in maternal and infant care. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. What We Know About Serena Williams Venture Capital Firm - Money Inc These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Serena Williams's Venture Capital Fund Raises $111 Million Masthead. Look at other 50 related and similar funds, Norbert Health Closes $5M Seed II Funding, Top 20 VC funds in North America with the biggest sum of funding rounds in Wellness/Personal Health industry over the recent years, We use cookies and similar technologies to improve your user experience. Through standout strategies, bold initiatives, and a global network of investors, business leaders, and influencers, we empower founders to change the world. As she learned more about the world of funding, Williams was shocked by the inequities. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Paula Tavangar of SwissBorg Ventures explores, Michelle Li shares how parents can ensure their children are taking the right steps to a more sustainable future. INFORMATION Tennis champ and financier Serena Williams is now a board adviser for the $4.3 billion blockchain-based fantasy soccer game Sorare. The firm seeks to invest in e-commerce, fintech, health, sports & wellness, web3, edtech, enterprise, social, and climate technology sectors.
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