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Press release content from Business Wire. The AP news staff was not involved in its creation. Rethink Education to Invest $5mm in Seed Stage, Underrepresented Founders Improving Learning Outcomes and Economic Mobility February 26, 2021 GMT WHITE PLAINS, N.Y. (BUSINESS WIRE) Feb 26, 2021 Rethink Education has earmarked $5mm from Rethink Education III to invest in underrepresented people of color helping solve some of the toughest challenges from education to workforce development. The team has coined this initiative Rethink Equity, acknowledging that venture capital is hardly distributed on a level playing field. White men make up approximately 30% of the population yet receive 77% of all venture capital, whereas Latinx founders receive only 2% and African Americans receive only 1%, according to Crunchbase.

United statesHanna marxEbony brownVenture fundSeavest investment groupSouthern new hampshire universityUniversity of michigan ross school businessHoward universityRethink educationRethink equityAfrican americanRethink education seedRethink capital partnersEducation directorSocial ventureNew urban learning