A nonprofit with a mission to advancing the careers of women and non-binary people in the technology industry is entering the South Florida market.
San Francisco-based All Raise launched its newest chapter in Miami this week in partnership with GET Cities, an organization devoted to making the technology industry more inclusive. It joins existing chapters in Boston, Chicago, Los Angeles, New York City and Washington, D.C.
Miami is essential to All Raise's goal to build an equitable tech sector because it is a global gateway that connects founders, operators, and investors from various countries. It is the organization's first chapter city where the population is not predominantly white, said Alexandra Pinckney, All Raise's director of marketing.
"A successful All Raise Miami chapter means we are directly redistributing access, capital, and power to Black and Latinx women and non-binary people," Pinckney said. "Miami will be a real life case study of the innovation and capital we generate when we create pathways to success for those who are historically left out."
All Raise's local steering community will help drive awareness and create programs for women and non-binary professionals in the Miami metro area. The committee includes local tech leaders like Maria Derchi Russo, VP of platform and community at Florida Funders; Alexis Alston, principal at Lightship Capital and Sharon Holm, Founder and CEO of Sisterverse.
South Florida startups with at least one woman founder attracted $596 million across 66 deals during the first three quarters of 2022, according to data from Pitchbook. That only accounted for 11.5% of the $4.6 billion invested in local companies during that period. Nationally, startups with female founders captured 17% of investment dollars.
Founded in 2017, All Raise now includes a national community of 24,000 founders, CEOs, operator and investors. The organization aims to double the percentage of female check writers to 18% by 2028 and increase early stage funding to female founders to 23% by 2030.
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