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BOA partners with VC firm to advance equality and economic opportunity
BOA partners with VC firm to advance equality and economic opportunity
Listen to this articleBank of America has partnered with Chloe Capital, investing in the venture capital firm to increase the amount of funding available to under-represented founders and foster long-term opportunities.
Chloe Capital is based in Ithaca and has a Rochester connection. One of its owners, Myneco Ramirez, is a graduate of Rochester Institute of Technology.
In addition, the firm’s initial Invest in Women form was held in Rochester, where Chloe Capital made its first $100,000 investment into a female founded business, It’s By U, which delivers floral arrangement kits. The firm was founded by Christine and Caroline Strzalka.
Bank of America has dedicated $350 million to women and minority-led companies through capital investments in mission-focused venture funds, like Chloe Capital.
More than $300 million has been committed to more than 100 minority-focused and minority-led equity funds in just over one year.
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