London, UK (July 15, 2023) – Visa Foundation and Village Capital have announced the closing of the first cohort of the Greentech Europe 2023 program, an accelerator that supports and invests in women-led, greentech startups in Europe.
The most recent cohort will be granted USD $125,000 in non-dilutive financial support, contributing to a cumulative investment of USD $425,000 that has been injected in 37 women-led sustainability startups, across 17 European countries, within the past two years.
Village Capital employed its pioneering peer selection investment model to determine the allocation of funds. This model disrupts the conventional power dynamics of traditional venture capital by shifting decision-making authority away from investors. Instead, entrepreneurs play a crucial role in the process, conducting peer due diligence and evaluating each other's investment potential, with investment decisions made based on these rankings.
Meet the 13 startups that were awarded grant funding:
Startups that received USD 25,000
Startups that received USD 15,000
Startups that received USD 10,000
Startups that received USD 5,000
The program is preparing to recruit the second and final cohort of the year. Stay updated by subscribing to our newsletter, and to learn more about you can join our growing greentech community as an entrepreneur or mentor here.
For more information, reach out to Eva Waweru at Village Capital firstname.lastname@example.org.
About Village Capital
Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.
Village Capital has operated in Europe since 2016 by running over 12 accelerator programs for European entrepreneurs from more than 25 countries in the region. VilCap has supported more than 160 startups from all over Europe, working in sectors such as climate change, data privacy, financial health, and refugee-tech. Learn more at www.vilcap.com and follow @villagecapital.
About Visa Foundation
Visa Foundation seeks to support inclusive economies where individuals, businesses, and communities can thrive. Through grant making and investing, Visa Foundation prioritizes the growth of gender diverse and inclusive small and micro businesses. The Foundation also supports broader community needs and disaster response in times of crisis. Visa Foundation is registered in the U.S. as a 501(c)3 entity.