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Bumble Fund is the investment arm of Bumble, the women-founded and women-led tech company known for its dating app that empowers women to make the first move. Established in 2018, the fund aims to address the significant gender gap in venture capital by focusing on early-stage investments in businesses founded and led by women of color and those from underrepresented groups. The fund's mission is to support entrepreneurs who have been largely ignored by traditional venture capital establishments.
Bumble Fund's investment strategy is led by Bumble's Chief Operating Officer, Sarah Jones Simmer, along with senior advisor Sarah Kunst. The fund has committed over $1 million to date, with individual investments ranging from $5,000 to $250,000. Notable initial commitments include BeautyCon, Cleo Capital, Female Founders Fund, Mahmee, and Sofia Los Angeles.
In 2019, tennis superstar Serena Williams joined Bumble Fund as an investor and advisor, further amplifying the fund's impact on supporting women entrepreneurs. Bumble Fund continues to identify and support promising businesses and founders, including through Bumble Bizz, the business networking platform within the Bumble app.
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Austin
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United States