FORBES – Aug 15 – Bumble is launching Bumble Fund, a fund focused on investing in female-founded and female-led businesses. The fund, which Bumble says it has committed ~$1M to so far, will invest checks from $5k to $250k in companies that primarily serve women, with a focus on female founders from diverse backgrounds. Bumble's fund has already made commitments to a handful of businesses on an ad hoc basis. Those include prenatal and postpartum healthcare company Mahmee, beauty startup BeautyCon and swimwear startup Sofia Los Angeles, which was a winner of a pitch competition Bumble put on in the spring. Bumble also has invested in several female-focused investment funds including Female Founders Fund and Cleo Capital.
by Alex Konrad
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