London – September 8, 2022 – Cooley is in partnership with Balance, Tech Nation’s growth program for underrepresented technology company founders, for the second year since the initiative’s inception. Through Libra, Cooley and Tech Nation promote diversity, equity and inclusion (DEI) and racial justice in the UK tech sector.

Launched in September 2021, Libra is the first program of its kind in the UK for the management teams of tech startups with at least one black, South Asian, East Asian or Arab founder. Libra’s second cohort includes 35 companies, most of which are seed, pre-seed, or have yet to raise their first rounds of funding. As part of this partnership, Cooley provides companies with practical advice on securing institutional investments.

“We were extremely impressed with the first cohort of companies in Libra’s inaugural program for underrepresented founders, and we’re excited about the second cohort set to kick off this month,” said Chris Coulter, Partner. de Cooley based in London and a member of the company’s diversity committee. . “The quality of ideas and the level of entrepreneurship that we have seen is testament to the huge contribution to be made by leading ethnic minority founders in the UK. We are proud to play a part in the journey of these startups and to support Libra’s ongoing mission.

Over six months, the 35 companies in the cohort will receive over 60 hours of additional support as they benefit from the mentorship of world-renowned coaches on the fundamental challenges of growth – from fundraising to international expansion.

“Cooley’s guidance to our Libra members on securing institutional funding has been invaluable to them and we look forward to the help the company will provide to the program’s next cohort of startups,” said Abi Mohamed. , head of Libra at Tech Nation. “Promoting equity/inclusion and diversity is core to Cooley’s DNA and we are thrilled with the company’s continued and passionate support of Libra.”

Libra’s first program saw two black-founded startups (edtech company Frame and HRtech firm Flair) are raising seed money within the first few months of joining, and six companies (Boxes, Compare Ethics, Ecobell, Frame, Ruka and Owni) has received grants from the Google for Startups Black Founders Fund.

DEI is rooted in the culture of Cooley, and the company is committed to maintaining a diverse workplace that values ​​and celebrates differences. His Diversity, Equity and Inclusion Action Plan sets out specific goals, measures and actions to articulate and deliver on the company’s commitment to oppose racial injustice and remedy its deleterious effects.

Cooley’s commitment to DEI extends to active and creative partnerships with clients and in local and national minority rights organizations, diversity pipeline projects, law school diversity programs and activities community awareness. Some of Cooley’s ecosystem partnerships include a UK-based nonprofit diversity resumethat promotes diversity in venture capital contexts through networking, recruitment and analysis; VC BLACK, a nonprofit that connects and empowers black venture capitalists; and Launch with the cohort of GS entrepreneursa six-week program for Black and Latinx founders that is part of Goldman Sachs’ billion-dollar diversity investment strategy.

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