🚀✨ Artemis Fund Soars with $36M for Diverse Founders ✨🚀
The Artemis Fund , dedicated to backing underrepresented founders, celebrates the closing of its second fund with a whopping $36 million in capital commitments!💰
🔎Founded in 2019 by Stephanie Campbell, Diana Murakhovskaya, and Leslie Goldman Tepper, Artemis embodies the ethos of its namesake, the Greek goddess known for championing women. 🏹💼
📝Based in Houston and New York, Artemis takes the lead in seed rounds for diverse founders across fintech, commerce, and care sectors.
With a portfolio comprising more than 20 companies, all led by female founders, Artemis showcases over 60% leadership from Black, Latinx, or immigrant backgrounds. 🌍💼
🎌Artemis's second fund is bolstered by a prestigious group of backers including Bank of America, Bmo Bank of Montreal, Nuveen, a TIAA company, Nuveen’s Churchill Asset Management, Texas Capital Bank, Amazon, The Rockwell Fund, and Ballentine Partners, LLC. 🤝💰
Stephanie Campbell emphasizes the fund's mission, stating, "We really wanted to make sure that our LPs aligned with our long-term goal of backing diverse founders. There’s a lot of pressure on that. We also want to grow with them." 📈✨
🧐With a focus on both financial returns and societal impact, Artemis is committed to moving the funding needle for female and diverse founders, addressing barriers faced by overlooked businesses, communities, and families. 💡🌟
Despite challenges in VC funding for diverse demographics, Artemis remains steadfast, with Fund I companies showing promising progress and revenue growth. The fund's portfolio boasts investments in transformative startups like Naborforce, HopSkipDrive, Upgrade, and Work & Mother. 💼💡
���As Artemis embarks on its journey with Fund II, the firm remains dedicated to tackling societal challenges head-on, investing in innovative solutions to address the pressing needs of underserved communities, driving positive change for a brighter future. ✨🌍
✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?
🤝 Need warm #LP introductions?
📝 Selling #secondaries to increase liquidity?
🧐 Looking for co-investments?
▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE
#ArtemisFund #DiverseFounders #VentureCapital #Innovation #Empowerment #StartupEcosystem #DiversityandInclusion #SocietalImpact
Tech Writer | Content Strategist for Startups and Investors | Founder, ClearCritical
2wOur pleasure. Keep us posted!