The stats for funding are sobering for female-founded companies in Miami. Less than 2% of VC funding comes to companies in Miami and less than 1% goes to women of color founders. In 2018, I truly didn’t know how we were going to raise a seed round for Caribu when it seemed like the odds were against us.
All of that changed when we won the 1776 Global Pitch Competition and received the $100K investment from Rise Of The Rest. It gave us validation and when we reached out to other investors about our round the conversations were all of a sudden more serious.