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The 98 is an early-stage venture capital firm founded in 2022 by Lynda Clarizio and Joy Marcus. Based in the United States, it focuses on technology businesses led by women. The firm addresses the disparity in venture capital funding, where women-led startups receive only 2% of total funding despite higher returns.
The 98 invests in pre-seed to seed+ stage technology businesses across sectors such as commerce, media, healthcare, fintech, and legaltech. Check sizes are not specified, but the firm emphasizes providing capital, operational expertise, and network resources to support women founders in building successful companies.
Notable portfolio companies include HUMANITRU, co-founded by Lindsey Chrismon and Gabe Chrismon; ASKPOLLY, founded by Erin Kelly and Kenton White; STRELLA, founded by Katherine Sizov; CAMBRI, co-founded by Heli Holttinen and Ben Harknett; PRIVATE AI, co-founded by Patricia Thaine and Pieter Luitjens; STRATYFY, co-founded by Laura Kornhauser and Dmitry Lesnik; THE VENDRY, founded by Daphne Hoppenot; and PALADIN, co-founded by Kristen Sonday.
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