📢 HCP Newsletter: Homecoming, Deep Dives & Masterminds 💥 – November 2023
Buckle up for Harlem Capital’s monthly recap! 🏎️ 💨
The Headlines 🗞️
Harlem Capital Homecoming: Our 3rd Founder Retreat 🤩
Harlem Capital’s culture is anchored in our signature founder retreat. We hosted our third annual Harlem Capital Homecoming at Deloitte University in Dallas, Texas.
This year's Harlem Homecoming was a perfect blend of fireside chats, camaraderie, and friendly competition, centered around the theme: Pivotal Moments & Perseverance. The goal is to provide our founders with tactical insights, as well as doses of urgency and inspiration.
Our retreat, resonating with our seven core values, plays a crucial role in our ongoing vision to redefine entrepreneurship. It allows us the opportunity to enrich our community with in-person connection, and we're undoubtedly cherishing every step of the journey.
Watch the full recap video here!
A Double Deep Dive
We recently put pen to paper to delve into two areas we’re focused on: vertical software & generative AI.
Our Vision for Vertical Software Vision 💪🏾
Have you ever wondered what drives the next big shift in software innovation?
At Harlem Capital, we're turning the spotlight on Vertical Software – the tailored technology set to redefine niche industries. With insights from our investment journey in companies like 4Degrees, Merri, and Sauce, HCP Partner Brandon Bryant explores how this specialized software is carving a new path in the tech world. Read the full blog post here.
Generative AI: The Major Players & Layers 🦾
You’ve likely heard the hype around generative AI, but what’s the big deal and where’s the innovation coming from?
Generative AI has been widely regarded as a transformative force across multiple sectors, leveraging Large Language Models (LLMs), which imitate human thought processes through the utilization of algorithms that progressively learn during their use.
In the last two years,~$2.5B in funding has gone to Gen AI companies across over 150 deals in the U.S. And with that accounting for less than 1% of total US VC funding, there’s still a ton of room to grow. Dig into where we believe the opportunity lies in our comprehensive report.
On the Pod 🎙️
Introducing MEDIA MASTERMINDS, our latest season of the More Equity podcast.
Hosted by our own Nicole DeTommaso, we kick off the series with Nichole Wischoff of her eponymous Wischoff Ventures.
She grew her audience from 2k followers to over 126k followers across media channels in <2 years. Since then Nichole’s raised 2 VC funds of $5M and $20M. They talk about the remarkable way storytelling can impact fundraising.
Portfolio News 🏆
Accelerating the Quest for Health: Wellory Gets Acquired! 🥑
Food-as-medicine platform Season Health has bought clinical assets from Harlem Capital portfolio company Wellory, a network of registered dieticians in the country providing medical nutrition therapy to patients across all 50 states.
Now, Season Health and Wellory have joined forces to offer comprehensive, personalized nutrition care to more patients, including those looking for in-network benefits.
Congratulations to Emily, Jeni, and the whole Wellory team for the indelible ways they’ve made Americans healthier — from weight loss and chronic disease management to fertility health and improving Americans’ overall relationship with food.
Stuf's Strategic Leap: The Plan to Expand 📦
HCP Portfolio Company Stuf, a rising star in the self-storage industry, has achieved remarkable growth, tripling its size in just one year. Backed by a substantial $11M investment, the company is on an ambitious trajectory.
CEO Katharine Lau has unveiled a strategic plan to double Stuf’s locations in established markets by the end of next year. This expansion marks a significant milestone in the evolution of self-storage solutions. Read more about Stuf here.
Interested in working at one of the Startups in our portfolio? 💻👇
Search for job openings across the Harlem Capital network here!
Harlem Capital Related 🚀
Illuminating Diverse Voices at Afrotech 💥
After an engaging presence at the Afrotech conference, the HCP team, in collaboration with Flourish Ventures, hosted a vibrant happy hour, celebrating our commitment to fostering a more diverse and thriving ecosystem ⬇️
HCP Managing Partner Henri Pierre-Jacques took the stage with Marlon C. Nichols and Aaron Samuels to discuss the importance of diversity in venture capital and strategies for fostering a more inclusive tech community.
The HCP team remains dedicated to challenging industry norms and persistently supports diverse entrepreneurs, aiming to transform the landscape of entrepreneurship 🫱🏻🫲🏽
🚨 Jobs in VC 🧑🏾💻
Check out VC jobs on John Gannon’s blog and the Startup & VC portal.
Helpful Resources 💯
Plug In Accelerator: Fueling the Next Wave of Tech Disruptors ⚒️
Empowering Black and LatinX founders, Plug In Ventures’ accelerator program is the launchpad for tomorrow's leaders in sectors like Healthcare, Fintech, and Sustainability. Beyond funding, participants gain invaluable VC networks, scaling strategies, and enduring support. Apply by December 15th for a chance to join. Find more information here.
Breaking Down Funding: Q3 Report on Diverse Fundraising Landscape 📈
Dive into our comprehensive Q3 Diverse Fundraising Insights Report, tracking the number and volume of capital secured by diverse founders. Gain an in-depth look at how these entrepreneurs are advancing across various funding stages here.
If you made it this far, thanks for reading! See you all next month for more updates 👋
And don’t forget to follow us @harlemcapital on Twitter, LinkedIn, and Instagram to stay up to date on all things HCP, including upcoming opportunities with the team 👀