Bumble has partnered with Black Girl Ventures, an organisation that funds and scales small businesses that were founded by Black and Brown women, to offer more investment opportunities to female entrepreneurs from minority backgrounds.
The partnership is an extension of the Bumble Fund, a venture set up in 2018 to invest in early-stage startups led by underrepresented founders.
The number of businesses owned by Black women grew by 50% between 2014 and 2019, making them the fastest-growing group of entrepreneurs in the US.
Elsewhere, Bumble will help to support virtual mental health awareness events, beginning with the Alone Together Music Festival.
The festival has been organised to promote mental health awareness during the COVID-19 lockdown, which has caused a spike in mental health issues.
In a survey run by San Diego State and Florida State Universities, 70% of respondents in the 2020 survey were likely to screen positive for moderate to serious mental health issues, as opposed to just 22% in the 2018 survey.
Blake Coppelson, founder and CEO of Proximity, the host of the events, told Dancing Astronauts: “We wanted to do something different than adding to the 100s of streams every weekend.
“By providing performances and a speaker series on a topic not talked about enough, we’re able to not only raise money to create awareness but provide personal experiences from the artists that are performing on the issues that have affected them personally.”
Read more here.