📅 [9/28/20-10/4/20] DWDG Weekly Digest #1
👋🏽 Welcome to Doing Well by Doing Good, a newsletter and podcast series highlighting the companies aiming to be profitable with a purpose.
Welcome to the first of our Weekly DWDG Digests! In a few quick lines, we’ll give you the low down on what happened in the world of Doing Well by Doing Good this week. News nowadays seems to portray a world getting crazier and crazier by the day. Hopefully some of this news shows how the world (even the dog-eat-dog business world) can make a positive change 😀. Or as John Krasinski would say…
DWDG News
ESG Funds have proven returns for investors proving they can Do Well by Doing Good [WSJ Report]
The Forbes JUST 100 event which “highlights the CEOs and corporations driving the world forward–doing well by doing good” announced their October 14th event. [See Announcement Here]
DWDG Fundings
Noyo, a 9-year-old Bay Area-based API platform that aims to improve the speed and accuracy of health insurance data exchanges just raised a $12.5M Series A led by Costanoa Ventures and Spark Capital, with participation from early investors including Homebrew, Fika Ventures, Precursor Ventures, Core Innovation Capital, Garuda Ventures and Webb Investment Network. [Techcrunch Report]
Doing Good: Their API enables a better experience for consumers and expands access to insurance products to more vulnerable customer segments.
Collective, a 2.5-year-old, San Francisco-based startup that’s been quietly building back-office services like tax preparation and bookkeeping for what it dubs “business of one” owners, just closed on $8.65 million in seed funding. General Catalyst and QED Investors co-led the round, joined by a string of renowned angel investors, including Uber cofounder Garrett Camp, Figma founder Dylan Field and DoorDash executive Gokul Rajaram. [Techcrunch Report]
Doing Good: Single business owners both are a significant contributor to job growth, but also the most vulnerable of small business owners.
Knoma, a 1.5-year-old, London-based lending startup that partners with online coding and other tech schools to provide loans to students, has raised £21 million in debt and equity funding from Global Founders Capital, Rocket Internet, Fasanara Capital and Seedrs, along with angel investors. [Tech.eu Report]
Doing Good: Adult education post schooling is one of the surest ways to upwards mobility, but it not available to many due to the financial barriers. This vulnerable population can use Knoma to bridge this gap.
DWDG Jobs
In this section, we’ll highlight 3-5 company career pages a wee, and will keep a running list in a Google Doc of both Doing Well by Doing Good companies and their jobs listings which we’ll update weekly. Stay tuned for that sheet in subsequent posts.
GoodRx [Recently IPO’d, Mission] Jobs: https://www.goodrx.com/jobs
ThreadUp [Series F, Mission] Jobs: https://www.thredup.com/p/careers
Andela [Series D, Mission] Jobs: https://andela.com/careers/
Until next week…
Yours truly,
Anand