TLDR:
- The Artemis Fund has closed its second fund, totaling $36 million, to support female-founded startups in various industries.
- The women-led venture capital group has invested in over 20 female-led startups, with a focus on businesses addressing economic problems.
Article Summary:
The Artemis Fund, founded by Diana Murakhovskaya, Leslie Goldman, and Stephanie Campbell, has closed its second fund at $36 million. This Houston-based, female-focused venture capital group aims to support female-founded startups in fintech, commerce, and care. The fund, co-founded in 2019, has invested in more than 20 female-led startups, with a focus on businesses with Black, Latinx, or immigrant leadership. Artemis Fund’s mission is to address key economic problems that are often overlooked by traditional VCs. The fund has already made investments in five startups, including companies like Hello Divorce, Gemist, Max Retail, Payverse, and Builder’s Patch.
Artemis Fund II has received support from limited partners like Bank of America, Bank of Montreal, TIAA Nuveen’s Churchill Asset Management, Texas Capital Bank, Amazon, The Rockwell Fund, and Ballentine Partners. Bank of America’s Houston president, Hong Ogle, commends Artemis Fund for breaking down barriers and investing in companies that aim to catalyze change. Overall, the consensus is that Artemis Fund is not only identifying and supporting diverse entrepreneurs but also moving towards advancing economic opportunities for all communities.
