Bumble Fund has secured $1m in capital commitments from its parent company and will invest up to $250,000 in female-founded startups.
US-based dating platform Bumble has launched a corporate venturing fund that will concentrate on female-founded and female-led businesses, Forbes has reported.
Bumble Fund has so far received $1m in capital from Bumble and will invest between $5,000 and $250,000 in each portfolio company. It is particularly targeting startups with founders from diverse backgrounds.
Sarah Jones Simmer, Bumble’s chief operating officer, will head Bumble Fund, taking advice from Sarah Kunst, managing director at venture capital firm Cleo Capital, one of Bumble’s…
