Betsy Fore's venture firm, Velveteen Ventures, launched to assist founders in building impactful companies. Fore, a pioneer as one of the few Native American women to establish a venture firm, aims to invest in the healthcare, climate, consumer, and community sectors with a focus on seed and Series A funding. The firm intends to support 15 to 20 companies while promoting mentorship for Native American founders through her nonprofit. Fore emphasized the excitement around securing funding and the belief in a strong return on investment in the Midwest.
Betsy Fore founded Velveteen Ventures to help other founders create life-changing companies, after nearly two decades of building her own businesses. The firm aims to invest significantly in healthcare, climate, consumer, and community sectors.
Describing the funding process, Fore noted the excitement of securing institutional closes, highlighting the appeal of impactful returns on investment in the Midwest.
With a focus on empowering Native American founders, Fore has initiated a nonprofit to provide mentorship and opportunities, addressing the lack of funding statistics available for this community.
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