• Baby food startup Yumi just added 70 women as investors. What's your excuse?

    2 days ago - By Fast Company

    Yumi's female founders wanted its new $67 million Series B to better reflect the company's women-led approach.
    Last month, California-based baby food startup Yumi announced a $67 million Series B funding round, led by San Francisco-based biotech fund Jazz Ventures Partners, AF Ventures, and 23andme cofounder and CEO Anne Wojcicki. It brings the company's total funding to $79 million and adds more name-brand investors into a fold that already included the founders of Warby Parker, Harry's, Sweetgreen, and Uber, as well as such celebrities as Snoop Dog and Gabrielle Union.
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  • Shell-founded startup fund receives $13 million from Canadian DFI to accelerate clean energy access in Africa

    2 days ago - By Tech Crunch

    FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund , which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding that will go towards increasing access to clean energy for off-grid households and businesses in the region.
    The $120 million EEGF, which was co-founded in 2019 by the Shell Foundation - and co-funded by UKaid and the Dutch Entrepreneurial Development Bank FMO, extends financing in the form of debt or equity to businesses in the energy sector. The EEGF is managed by Triple Jump; an impact investment manager and...
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