Two female Latin American entrepreneurs have just announced that their firm, Babel Ventures, has raised US$30 million to help start-ups that are struggling with funding.
Bárbara Kunde Minuzzi and Daniela Arruda founded the Silicon Valley firm earlier this year, quite a unique business when you consider that men comprise 89% of venture capital partners, according to the National Venture Capital Association/Dow Jones VentureSource.
“As immigrants, we leave everything behind to build something special. Something that inspires other women, Latinas, and immigrants. It’s unique to be part of something different and rarely seen in Silicon Valley,” Bárbara told Huffpost.
“We have to be more aggressive because so much is on the line. Our uniqueness as immigrant Latinas makes us stronger and anti-fragile.”