Showing 4 results for:
wocstar-fund
Popular topics
All results
FilmHedge, a Black-owned film fintech startup based in Atlanta, has announced that it’s raised $2 million in its latest funding round. According to Atlanta Inno, it was revealed that the $2 million will be used to grow the company — specifically, for hiring more people and to make their lending software available to film companies in the area. The funding round was led by WOCstar Fund, a New York City-based investment company. FilmHedge CEO Jon Gosier said “friends and family” helped him fund the rest of the project. Gosier said that he co-founded the company with Janelle Alexander and Mickey Vetter to democratize the film funding process. Film companies can get funding from the company at one of three stages: at the beginning (specifically, so they can hire a popular actor), toward the middle if they need extra cash due to circumstances beyond their control, or at the end if they need to do reshoots. The company can provide fixed-interest loans of up to $1 million, or lines of...
Storm Ventures has named two new partners to its advisory board. Pascale Diaine and Frederik Groce, who have worked with the company for many years, are now partners in the firm, according to TechCrunch. Groce’s new appointment at Storm Ventures follows his previous successes in venture capital. He’s the founder of BLCK VC and has also created the Black Venture Institute, which specializes in creating a network of Black venture capitalists for potential startups. And, according to Groce, his appointment is just a sign of things to come in the diversification of the venture capital world. “If you think about the way our team works, that’s the way I think venture teams will need to work to be able to be successful in the next 40 years. And so the hope is that over time everyone does this and we’re just early to it,” Groce told TechCrunch. Previously, Storm Ventures invested in startups in the robotics as service, marketing, engineering, and vertical SAAS fields. Companies such as...
The Capital Midwest Fund (CMF), a renowned venture capital firm based in Milwaukee, WI, has announced that Michael S. Harper, a financial industry veteran, has joined the firm as a partner. In a press release statement, it was confirmed that Harper will lead the fund — which has a target fund size of $150 million — to invest in technology companies, specifically those that specialize in software-as-a-service (SaaS) and Internet of Things (IoT), ranging in industries from energy to manufacturing. “Capital Midwest Fund is a growing firm with a strong portfolio. My professional training and experience in the areas of financial services, Environmental, Social, and Governance (ESG), and risk management, as well as sustainable development projects, align with the firm’s growth strategy,” said Harper, in the press release statement. “I am excited to join a great group of finance professionals that is helping business-to-business technology companies succeed, ultimately creating outsized...
Women of color-led venture capital fund, WOCstar Fund, just announced that Jon Gosier — named one of the 25 most influential African-Americans in Technology by Business Insider — has invested in the fund. Not only will Gosier now make up the list of major investors, but he will also serve in an advisory capacity, reports PR Newswire. “The WOCstar team has a clear sightline to where the next market leaders in innovation are, what they are building, and more importantly where capital should be deployed,” shared Gosier, who is the founder and CEO of Southbox Entertainment, in a written statement. “I’m honored and excited to be invested in the fund and part of the WOCstar family.” Gosier has spent the last decade wearing hats as an investor and entrepreneur building tech companies to the acquisition, particularly with a focus on analytics and data. He is also a published author and the producer of many films using the tolerance for risk learned during his tenure as a tech founder and...