Washington, DC (January 18, 2024) – Village Capital announced that ElectricFish and Genvision were peer-selected to receive equity-free grant funding as a part of Sustainability Subscribed 2023 in the US. The program was launched with support from Zuora, and with support from the HPE Foundation.
The final cohort was composed of 10 startups from different states, with 40% of the cohort headquartered outside of US tech hubs, 50% led by a female founder or C-suite member, and 80% led by a BIPOC founder or C-suite member.
ElectricFish and Genvision were selected for grant funding by a group of peer entrepreneurs on the final day of “Sustainability Subscribed 2023,” a four-month startup development program. The 10 participant startups evaluated each other through an investor lens, using eight specific investment criteria that leverage Village Capital’s venture investment levels. ElectricFish and Genvision were the top ranked by their peers and will receive equity-free grant funding of USD 50K from Zuora to support their operations, and all the participant startups will receive USD 5K in grant capital for milestones from the HPE Foundation.
The peer-selected startups focus on the following:
For more information, reach out to Yireth Villaverde at Village Capital (yireth.villaverde@vilcap.com).
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.
Since 2009, Village Capital has supported over 1,600 startups that have raised over $5 billion in investment capital. It has made more than 150 investments through its various affiliated funds, including Vilcap Investments, which has invested in 110 peer-selected companies. Over 20,000 entrepreneurs have joined Abaca, VilCap’s web app that equips early-stage, impact-driven entrepreneurs with essential tools for accessing capital and other forms of support. Its latest feature, Capital Explorer, helps founders identify the most appropriate funding options for their businesses. Learn more at www.vilcap.com and follow @villagecapital.
About Zuora, Inc.
Zuora provides a leading monetization suite for modern businesses across all industries, enabling companies to unlock and grow customer-centric business models. Zuora serves as an intelligent hub that monetizes and orchestrates the complete quote to cash and revenue recognition process at scale. Through its industry leading technology and expertise, Zuora helps more than 1,000 companies around the world, including BMC Software, Box, Caterpillar, General Motors, Penske Media Corporation, Schneider Electric, Siemens and Zoom nurture and monetize direct, digital customer relationships. Headquartered in Silicon Valley, Zuora operates offices around the world in the Americas, EMEA and APAC. To learn more about the Zuora monetization suite, please visit www.zuora.com.
About the HPE Foundation
The Hewlett Packard Enterprise Foundation has operated since November 2015, with a history of impacting communities reaching back to 1979 through our activities as part of the former Hewlett-Packard Company Foundation. We continue this tradition of community involvement and our belief in being a force for good by deploying skills, resources, and technology to address social challenges and advance the way people live and work. We collaborate with nonprofit organizations and provide grants to drive progress in three strategic focus areas – Healthcare; Community Resiliency; and Diversity, Equity, Inclusion and Human Rights – while engaging HPE employees to volunteer and help drive impact, empowering them to make meaningful contributions in the communities where they live and work.