The company told Fortune that Launch With GS oversaw five “entrepreneur cohorts” which helped 47 startups and handled “nearly 60 investments” over five years. BentoBox, Burst Oral Care, LeaseQuery and the funds Construct Capital, Define Ventures and MaC Venture Capital are among the companies that benefitted from the initiative.
Goldman Sachs now says it is shifting its diversity efforts toward 2022’s One Million Black Women, a 10-year commitment to distribute $10 billion in investment capital and $100 million in philanthropic assistance to address the “dual disproportionate gender and racial biases that Black women have faced for generations.” The funds will be spread across more categories than venture-focused Launch With GS, Fortune reported.
Goldman says the company has invested $2.3 billion thus far and has four team members exclusively focused on the initiative.
