According to CNBC, in venture capital, men still get the lion’s share of funding; while according to Pitchbook, only 2% of capital goes to U.S.-based female-only founder teams. Of the 2%, women of color get only a fraction. EnrichHER is on a mission to change these statistics with their All Rise Factory Program.
Read More: GlobalFintechSeries Interview with Christian Spaltenstein, Managing Director – Americas at AFEX
During COVID-19 shutdowns and restrictions across the nation and the world, small businesses have suffered the most. You’ve heard about companies “pivoting” to urgently change their business plan and continue to bring in the revenue needed to survive this pandemic. This is EnrichHER’s pivot and this is how it works.
“When the pandemic hit, I immediately became concerned about how black-owned and women-led businesses would be impacted. We’re already underfunded and under supported, so how could we navigate this ongoing instability? I spent countless hours helping our EnrichHER members by helping them navigate the PPP and accessing applications for other external resources. Eventually, I realized that our internal framework also needed to address this national and global economic shift. My solution is the All Rise Factory program, through which we plan to fund over 500+ companies by helping them access over $50 Million.” – Dr. Roshawnna Novellus, Founder and CEO of EnrichHER.
Whether you are looking to fund a company with women leaders or you are a business looking for a grant or a loan, All Rise Factory works for you.
- Join with as little as $97. Instead of buying a new pair of sneakers, a bottle of wine or perhaps that last minute impulse buy from the electronics section at Target, choose to help one of our women-led and vetted businesses at EnrichHER.com. Your capital can help 8+ businesses reach their goals.
- 3 Ways to Fund. EnrichHER gives funders a seamless way for their capital to have a larger impact by leveraging the power of collective funding for our community of visionaries.
- Lend or Donate: You Decide. EnrichHER offers the options to lend or donate funds. You decide which option works best for you.
Read More:Â Hummingbird Raises $8.2M To Automate Financial Compliance Technology
