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.

Miai: Developing Innovative Ai Systems for Humans and the Environment

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Fg, Philanthropic Bodies To Raise $200M For Job Creation, Msme Support

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Fg Partners International Donors to Raise $200 Million for Msmes

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Shaping The Future Of Renewable Resources Through Eic Support

Scientists in Spain say they've created an artificial leaf capable of turning water and carbon dioxide into fuel and chemicals, the Guardian reports. "When we recognized our prototype after...more

Failure Is Deadly: Vulnerable Countries Need Climate Action Now, Says the Irc Ahead of Cop28

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Russell Innovation Center for Entrepreneurs Receives $1.5 Million Investment From Wells Fargo

"When RICE opened in 2019, the vision was clear: to create a thriving ecosystem where Black entrepreneurs could turn their dreams into successful businesses," Jay Bailey, president and CEO of the...more

Sonoma Valley School Board Eyes Plan to Boost K-12 Arts Education by ...

California voters have given their thumbs-up to a ballot measure that aims to boost arts education in public schools. Proposition 28 will provide $500,000 a year for the next five years to the...more

The Animation School Chooses Honoris United Universities for Its Pan-African Expansion

South Africa's Animation School is ranked 12th in the world for animation education by the Animation Career Review website, and now it's joining the Honoris United Universities network of colleges...more



Tom’s, the social enterprise popular for its shoes, has released a pair of shoes and a pair of shades to benefit Make It Right, a nonprofit founded by Brad Pitt in 2007 that builds affordable, green homes, buildings and communities for underserved and low-income populations.




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