Raising Money In A Tough Market: Planet FWD Founder Julia Collins Dishes On Her New Series A And Why Dire Funding Statistics Are Just Noise

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Planet FWD founder and CEO Julia Collins sat down with Forbes at the All Raise VC Summit in San Francisco to talk about why historically under-funded founders might be at an advantage in this moment of economic uncertainty.

Raising venture funding as a Black female founder is, to put it mildly, no small task: less than 2% of all venture dollars go to women, and less than half a percent goes to Black women.

But Julia Collins, a serial entrepreneur who cofounded Zume Pizza in 2015 and grew it into a $2 billion food brand before leaving in 2018, sees these numbers as noise. So as she set out to raise a Series A round of funding for her new company, carbon management platform Planet FWD , she focused instead on her business’ fundamentals and mission to help consumer brands reduce their carbon emissions.

“I almost try on a daily basis to completely forget the statistics. Because those statistics can paralyze you,” Collins says. “And as a founder, you have to be fearless. You have to charge forward.” Charge forward she did: on Thursday, Collins announced that Planet FWD has raised a $10 million Series A from Acre Venture Partners and Congruent Ventures, bringing her total funding to $16.8 million. Collins intends to use the fresh capital to further develop Planet FWD’s technology, which today draws upon energy usage databases to calculate carbon emissions produced by consumer companies’ supply chains.

 

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Raising Money In A Tough Market: Planet FWD Founder Julia Collins Dishes On Her New Series A And Why Dire Funding Statistics Are Just NoisePlanet FWD founder and CEO Julia Collins sat down with Forbes at the All Raise VC Summit in San Francisco to talk about her newest round of funding in a tough market environment, and why historically underfunded founders might be at an advantage in this moment of economic uncertainty.
Source: ForbesWomen - 🏆 477. / 51 Read more »

Raising Money In A Tough Market: Planet FWD Founder Julia Collins Dishes On Her New Series A And Why Dire Funding Statistics Are Just NoisePlanet FWD founder and CEO Julia Collins sat down with Forbes at the All Raise VC Summit in San Francisco to talk about her newest round of funding in a tough market environment, and why historically underfunded founders might be at an advantage in this moment of economic uncertainty.
Source: ForbesWomen - 🏆 477. / 51 Read more »