IFundWomen, a startup funding platform for women, has partnered with VC firm GingerBread Capital to provide $10,000 grants to 25 companies in some of Covid-19's hardest hit states. To apply, entrepreneurs have to have a for-profit company that has been in business for at least two years, 2019 revenue of at least $250,000, a pre-Covid staff of at least five people and they have to have never raised venture capital money before.
The fund, which opened applications on May 18, will grant $500-$1,000 to mom entrepreneurs who have been shut out of government loans or other funding during the pandemic.The Mom Project, a platform that connects employers to female candidates with a primary focus on helping moms re-enter the workforce, has started a $500,000 Stronger Together Fund.
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