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Bumble Fund's Latest Investment Will Help Female Entrepreneurs Get Funding and Find Mentors

The AI platform, called Alice, also will help Whitney Wolfe Herd's venture arm find more women-run businesses for its portfolio.


Whitney Wolfe Herd's Bumble is a lot more than a women-empowering dating app these days--and through the company's venture capital arm, it has been expanding its ties to other innovative female-founded businesses.

Last week it announced its latest round of investments, ranging between $5,000 and $250,000, through the Bumble Fund. The round included an investment in Alice, an AI-powered platform helmed by Elizabeth Gore and Carolyn Rodz that recommends resources such as startup accelerators and networking events to help entrepreneurs grow their companies. (Gore is on the Inc. Board of Advisers and is an Inc.com columnist.) Alice had previously received $200,000 from Melinda Gates, who last February made it the very first investment from her Pivotal Ventures organization.

Alice's platform is open to all business owners, but it prioritizes recommendations for women and other underrepresented entrepreneurs, with a goal of helping increase inclusivity and accessibility.

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15 March 2019


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