Spring Acquires Future Capital to Create an Inclusive Investment Ecosystem ...

"The future of capital looks different than it did yesterday," Caroline von Hirschberg, co-founder and co-CEO of Spring, says in a press release announcing the company's acquisition of Future Capital.

That's because, as Quartz reports, investment dollars to black startup founders dropped more than 50% last year, and woman-founded startups raised just 1.9% of all venture capital funds.

"Far too many industries are dominated by competitive and insular mindsets," von Hirschberg says.

"We know we can move faster together to transform ways the whole ecosystem thinks about investing, starting companies, and innovation as a whole."

Spring, based in Vancouver, BC, will continue to operate independently.

Future Capital, based in San Francisco, is "a leader in Canada's early stage impact investing ecosystem," per the press release.

It offers "high-impact investor training" and "learning and investing platform built for underrepresented early-stage investors," per the release.

It's "an incredible step forward for bringing wealth creation opportunities to underrepresented communities," Keith Ippel, Spring's co-founder and co-CEO, says in the press release.

Quartz notes that while more women and people of color are starting startups, "it's hard to Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

E-Waste Processor Sircel Secures $5M Impact Investment

A company in Australia that processes up to 100% of e-waste has just secured $5 million in funding, making it the country's largest e-waste processor and the only one capable of diverting up to 100%...more

Natural Ventures Closes Inaugural Fund Targeting Ag Innovation

A new $100 million fund aims to make a positive difference in the world's food and water supply. The Natural Ventures Fund I, a 10-year closed fund, is the first from a consortium of investors...more

Prime Role for Ai in Impact Decisions

"There are few people as informed about the latest state of AI developments and its level of adoption in financial services, who have also sat shoes in the shoes of investment managers and asset...more

Blusmart Raises Inr 200 Crore from Ms Dhoni Family Office, Renew'S Sumant Sinha

One of the world's most popular electric-vehicle ride-hailing services is getting a big boost from one of India's most famous sons. Mahendra Singh Singh Jaggi, former captain of the Indian...more

Trill Impact Closes Venture Fund after Raising ‚¬90M

Sweden's Trill Impact has made its first venture fund a success with the final close of its $90 million fund. The fund, the first of its kind in Europe, was backed by institutional investors...more

Finance Manager

The Savanna Institute in Urbana, Ill., is looking for a full-time financial manager to oversee its 70,000-square-foot headquarters and budgeting and accounting practices, the Chicago Tribune...more

Why Impact Investors Should Require a Framework for Measuring Success

If you're in the market for a little extra cash and want to make a positive impact on the world, Entrepreneur has just the thing for you. The site is running a series of articles on "impact...more

Sustainable Finance Influencers: Bob Helmuth

One of the world's biggest asset managers is taking a stand against climate changeby investing in some of the world's poorest countries. Envestnet, which has more than $100 billion in assets...more

Odu'A Investment, Nigerian Philanthropy Office Sign Mou for Msmes Funding

President Muhammadu Buhari's promise to create 2 million jobs over the next three years appears to be on track. The Guardian reports that within the next 60 days, the president is expected to...more

Why Impact Investing Is Not Just 'Nice to Have' for Hk, Sg Families

When Poman Lo founded AlphaTrio Capital in 2022, she didn't set out to make a name for herself. Instead, the Hong Kong billionaire founded the sustainable technology fund to focus on projects...more






Social Entrepreneurship
Spotlight



The Social Investment Tax Relief


The proposed Social Investment Tax Relief (SITR) has UK civil society and social organizations stirred up this season. The supposed tax relief on investment in social impact bonds will support the UK social economy.



Federal Government Grant and Assistance Programs


Food Assistance and Nutrition Research Programs (FANRP) | Promotion of the Humanities_Teaching and Learning Resources and Curriculum Development | WIC Farmers" Market Nutrition Program (FMNP) | Providing Water to At-Risk Natural Desert Terminal Lakes | Veterans Transportation Program | Port Security Research and Development Grant | San Gabriel Basin Restoration Project | Limited English Proficiency Initiative | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders