News Summary

Betsy Fore, known for her ventures such as Tiny Organics and app builder Wondermento, has launched Velveteen Ventures, a venture firm that aims to support startups with investments ranging from $500,000 to $4 million in the healthcare, climate, consumer, and community sectors. Based in the Midwest, Velveteen Ventures is notable for being one of the few Native American-led venture firms in the U.S. Joining Fore are Karla Brollier, who will focus on climate investments, and Katherine Stabler as COO. The fund plans to invest in 15 to 20 companies and aims to demonstrate that profits and purpose can coexist. A portion of the fund’s carry will support Native American tribes.