AnnenbergTech and PledgeLA are thrilled to announce the 19 companies and their founders selected for the PledgeLA Founders Fund 2023 cohort!
This partnership between PledgeLA and Grid110 represents years of work by their respective teams to increase capital access within the startup community. The PledgeLA Founders Fund was created to directly address the systemic barriers that Black and Latinx entrepreneurs face when seeking capital for their companies. Since launching a successful pilot program in 2021, the Founders Fund alumni companies have collectively raised more than $20 million in follow-on capital. Furthermore, the program has helped create 82 new jobs at alumni companies with 60% of companies using stipends for hiring or job creation, and 70% reporting increased recurring revenue.
