Route receives $100K as part of the $5M Latino Founders Fund, focused on high potential startups founded by Latino entrepreneurs based in the U.S.
Google announced the 50 recipients who have been selected for the first Google for Startups Latino Founders Fund, which provides promising Latino-led startups non-equity cash awards to help fuel their businesses. Route was one of five Illinois-based founders among the recipients, amounting to $500,000 invested in Chicago startups.
The goal of this fund is to increase economic opportunity for promising Latino startup founders in the US, who receive a disproportionately low percentage of investment. In an effort to close the opportunity and wealth gap for Latinos, Google has launched a set of programs designed to open the doors to funding, training for the digital economy and empowering communities. In addition to the $100K in cash, recipients will also receive hands-on programming and support from Google, deep mentorship from technical and business experts, access to free mental health therapy, as well as a vibrant community of fellow founders.