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Rejoicehub LLP, a prominent offshore IT outsourcing firm, was established in 2019 and has been making remarkable strides in the IT sector.Our dedicated team of over 100 professionals is our greatest asset. Our unwavering commitment to excellence has made us a highly sought-after company globally. We prioritize understanding our clients perspectives to enhance their product development process. Our adept professionals are capable of providing top-notch solutions. We promise our clients to bring their unique ideas to the market in a more user-friendly manner. Punctuality is a cornerstone of our work philosophy, and we prioritize delivering exceptional quality.

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BBG Ventures raises new $60M fund to support diverse founders

Date November 1, 2024

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BBG Ventures raised a new $60 million fund to support founders from “diverse backgrounds,” including gender, race, age, and class, Business Insider reported.

The firm is known for backing exclusively women founders, and this new fund is a slight departure from that focus but comes as funding to diverse founders continues to dip. Crunchbase found that Black founders, for example, landed just 0.3% of all capital raised in the first half of this year, continuing a downward trend that has shown no signs of reversal, Crunchbase senior data reporter Gené Teare told me.

Nisha Dua, the co-founder of BBG Ventures, told Business Insider that returning LPs increased their fund commitments for this fund and that new LPs include Melinda French Gates’ Pivotal Ventures and Fairview Capital. The latest BBG fund will focus on diverse founders building in healthcare, fintech, and AI.

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