The Vinetta Project and J.P. Morgan Launch Strategic Initiative to Help Close the Funding Gap for Female Founders
February 06 2020 - 10:28AM
Business Wire
Registration for Female Founders to Apply to
the 2020 Programming Now Open
The Vinetta Project, a high-impact capital platform that funds
and supports the world’s most promising female founders, and
leading global financial services firm J.P. Morgan (NYSE:JPM)
announced the launch of a program that sources, funds and supports
female founded companies seeking to disrupt existing markets. This
initiative aims to close the gender-based funding gap by providing
female founders in technology greater access to capital, networking
opportunities and advisory services of a world class bank.
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the full release here:
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The Vinetta Project and J.P. Morgan have designed a program
featuring a series of prestigious events, including showcase pitch
events, problem-hacking cohort, half-day bootcamp and much more.
Exceptional female founded tech companies can apply to participate
by clicking here.
“In 2019, venture capital investment in all-female founding
teams reached a record $3.3 billion, representing 2.8% of capital
invested across the entire U.S. startup ecosystem. While this is an
increase from 2018, we are determined to raise market awareness
around gender inequality and build stronger mentorship networks to
help female founders achieve growth and long-term success,” said
Vanessa Dawson, founder and CEO of The Vinetta Project.
“Working with a leading organization like J.P. Morgan, we maximize
our value offering to female-founded companies and accelerate our
shared mission to close the gender-based funding gap.”
Since being founded in 2016, The Vinetta Project has become the
leading ecosystem and deal flow pipeline supporting early stage
female founders. With more than 4,000 female founders and 10,000
community members, the Vinetta programming has helped to facilitate
the flow of more than $240 million in early-stage venture funding
to seed-stage technology startups. Working in collaboration with
J.P. Morgan, this program significantly expands network access for
female founders across the following four capital pillars that are
critical to success: financial capital, personal capital,
intellectual capital and social capital.
“This program reinforces our ongoing commitment to fuel female
ambition and advance financial equality, as exemplified by our
Women on the Move program, which expanded to serve our clients in
2018,” said Sam Saperstein, Head of Women on the Move
at JPMorgan Chase & Co. “With a shared mission to help
female-led companies succeed, we are excited to work with The
Vinetta Project and invest in capabilities that achieve greater
inclusivity in the growing innovation economy.”
“By joining forces with The Vinetta Project, we can bring the
depth of J.P. Morgan’s capabilities and resources to female
founders to unleash their full potential at every stage of growth,”
said Melissa Smith, Head of Specialized Industries, Middle
Market Banking at J.P. Morgan.
Through J.P. Morgan’s Innovation Economy business within Middle
Market Banking & Specialized Industries, the firm serves high
growth, early stage companies and founders throughout their
business’s life cycle, providing the solutions they need to scale
quickly, from credit and financing, treasury and payments,
international banking, access to the Investment Bank, asset
management and more.
About The Vinetta Project:
The Vinetta Project is a sophisticated global ecosystem designed
to help high-growth female founders secure the mentorship, funding
and support they need to scale their business successfully. Through
its network of passionate entrepreneurs, experts, mentors, alumni,
investors, community leaders and corporations, The Vinetta Project
is creating the largest deal pipeline of seed stage and series A
round companies in the world. By offering equal access to
resources, Vinetta creates a diverse and inclusive environment that
supports the advancement of women and other marginalized groups. To
date, the community boasts more than 4,000 founders, 23 exits and
$225M in funding to Vinetta Showcase finalists.
For more information, please visit
https://www.vinettaproject.com/jpmorgan and join the conversation
on Facebook, Twitter and LinkedIn.
About JPMorgan Chase:
JPMorgan Chase & Co. (NYSE:JPM) is a leading global
financial services firm with assets of $2.7 trillion and operations
worldwide. The Firm is a leader in investment banking, financial
services for consumers and small businesses, commercial banking,
financial transaction processing, and asset management. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of customers in the United States and many of the
world's most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200205005033/en/
Media Kara Colety Media Coordinator at The Vinetta
Project KaraC@vinettaproject.com 914-755-2856
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