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Home2021-05-05T19:18:15+00:00

Watch the 2021 FOC Showcase full show.

BE INSPIRED to take action & invest!

If you’d like to learn more about the pitching Founders of Color Showcase Finalists, please indicate your interest by filling out this short form: https://www.surveymonkey.com/r/9YHQQT6

FOC Working

Founders of Color Showcase Objectives

  • Mobilizing investment
  • Democratizing access to this asset class through the creation of special-purpose vehicles (SPVs)
  • Widening the network of investors
  • Creating new syndication partnerships
  • Providing visibility for founders of color, as well as funders and partners
  • Streamlining the showcase by having Company Champions bring fully vetted and initially funded opportunities

EVENT CO-HOSTS:

NWI Logo
ACA Logo
Kachuwa Fund Logo
Beta Boom Logo
fundr Logo
Stella Angels Logo
women-2-0 Logo

Talent is everywhere.

Opportunity is not.

Welcoming “investor champions” of founders of color

By nomination only, eligibility requirements for companies:

  • DIVERSE TEAM: Led by a founder(s) who are Black, Indigenous, or People of color (BIPOC), including Latinx
  • IMPACT-FOCUSED: Company has a potentially significant positive impact on people, communities, & the planet that is intentional & measurable
  • FULLY VETTED: The nominator (Company Champion) has conducted full due diligence & invested a minimum of $100k ($50K in special cases)
  • ACTIVELY FUNDRAISING: Company is raising a minimum of $500K in convertible notes, preferred equity, Flex Equity, or Revenue Based Financing; round open until 6/1/2021 
  • COMPANY STAGE: Proof of product-market fit with some market traction. 
  • COMPANY STRUCTURE: US-based C-corp or Public Benefit Corporation (no LLCs)
  • SCALABLE: Company is scalable with the potential for large impact & provide liquidity (& financial return) to investors within 10 yrs
  • REASONABLE VALUATIONS: Company valuation must be relevant to entity stage, revenues & market median prices 
  • More information found in FAQs (under construction)

Founders of Color Showcase Timeline

March 22 – Close of Nominations 

April 9 – Semi-Finalists Announced (up to 15 startups)

April 20th – Finalists Announced (5-7 startups)

May 3rd – Founders of Color Showcase – 12 noon PST / 3 pm EST

May 4June 1 – Investor Due Diligence period with meetings with Champion, Company, and any additional due diligence

May 21 – Due Diligence Reports due

June 1 – SPV Investments due

FOC Finalists
Martha Montoya

“Next Wave Impact’s Founders of Color Showcase allowed us to be who we are – social impact solution for our farmers in the USA and across the world. It gave us freedom to accept that it is ok to present a business plan with a human ROI. We are now impacting positively farmers and truly enjoying every minute of it. Selected through Microsoft to work with UN and women farmers across the world this summer is only one of the highlights NWI brought to us, GRACIAS!!! You are all a blessing!”

Martha Montoya, AGTools Inc.
Marcus Bullock

“We had an incredible time pitching and learning from other founders during the Founders of Color Showcase. It was awesome listening to the thoughtful questions that would eventually land in an investment from more that check-writers. We gained partners.”

Marcus Bullock, Flikshop
Andrew Hill

“Alicia, Galia, and the team at Next Wave Impact were instrumental in our investment round coming together in just 3 months during the pandemic! They galvanized an SPV investment representing ~10% of our total round in a few short weeks following the Founders of Color Showcase. More importantly, their early commitment and network were huge in engaging additional, mission-aligned investors who trusted their rigorous diligence and belief in LiftEd. On-going, they continue to provide active assistance, without “smothering”  to support our growth.” 

Andrew Hill, LiftEd

Fundr is proud to be a co-host of the Founders of Color Showcase which provides a unique opportunity and commitment to elevating and funding incredible founders that tend to go overlooked in the industry. 

Lauren Washington, fundr

THANKS TO OUR WONDERFUL SPONSORS!

Platinum Sponsors:

Aspiration Logo
Anchor Point Logo

Gold Sponsors:

Kauffman Logo
Stella Labs Logo

Bronze Sponsors:

Sign Windows Logo
Clean Energy CU Logo
EFF Logo
Ascent CFO Logo

THANKS TO OUR COMMUNITY PARTNERS!

Citrine Angels Logo
Next Logo
Springboard Logo
Loon Creek Capital Logo

Nearly a million dollars invested at last year’s Showcase

More than 200 investors from the early-stage investing ecosystem joined us in 2020 as we showcased 10 founders of color. For more info, including a list of the semifinalists and finalists and a recording of the showcase, please see the Founders of Color 2020 Showcase Page

FOC Showcase

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