XCONOMY – Mar 8 – Alice, a Houston-based digital community that connects women founders to resources tailored to their startup's needs, has received funding from the Bumble Fund. The fund, which was launched last July by Bumble, a women-oriented dating app, did not specify the amount it invested in the startups. Carolyn Rodz, Alice's founder and CEO, said in an interview that the funds will be used for software development as well as new hires. She also declined to specify Bumble's investment amount. Bumble Fund is also investing in three other startups: Gixo, a fitness app that says it turns smartphones into gyms; Translator, which makes diversity and inclusion training software for companies, schools, and nonprofits; and Promise, which makes software for criminal justice organizations to help reduce recidivism. Bumble says its venture fund makes investments ranging from $5K – to $250K in portfolio companies.
by Angela Shah
See full article at Xconomy
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