Kanarys announced Wednesday that the company raised an additional $5 million in its latest venture funding round.
examining U.S. venture capital trends for women over the last 14 years.
Having more women decision-makers, or general partners, in venture capital firms can open doors for female founders to access necessary capital and provide limited partners with diversified investment opportunities, the report said.Creating more access to VC funds is a way Price sees the landscape becoming more equitable. It requires venture capitalists to change their approach and processes to ensure they’re being pitched by a wide swath of entrepreneurs.
The funding enabled Kanarys to recruit and appoint six members to its executive team, growing the company’s staff to 28. The company plans to invest in its global capabilities. In five years, the firm has secured clients like Yum! Brands, Silicon Labs, Chuck E. Cheese, 7-Eleven and other Fortune 500 companies.. Arcelia reports on equity, economic topics and North Texas' diverse communities. Before joining The Dallas Morning News in 2022, she covered housing, homelessness and real estate at The Tennessean in Nashville. She is a graduate of Gonzaga University and Columbia University Graduate School of Journalism.
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