Articles Business LGBTQ+ News Life News Proud Ventures

75% of LGBTQ+ startup founders hide their identity from industry peers, survey finds

The vast majority of tech startup founders and investors who identify as LGBTQ+ in the UK hide their identity from industry peers, according to a new survey. The number of investors who conceal their gender identity and/or sexual orientation was only slightly higher than the number of founders who do so, at a rate of 80% to 75%, respectively. The data report, which was released on 7 February by Proud Ventures, a UK collective of LGBTQ+ investors and venture capitalists, also highlighted that not enough action is being taken to…

Read More
Articles Business dating Dating app grindr LGBTQ+ News Life News

Grindr to become a public company in $2.1bn deal

Grindr has confirmed plans to become a public company in a $2.1 billion merger deal with Tiga Acquisition Corp (TAC). The dating app, which has 10.8 million monthly active users, also said it hopes to hire an LGBTQ+ CEO in the announcement on 9 May. TAC is a Singapore-based special purpose acquisition company (SPAC), meaning that it raises money first and seeks a business to buy later. Grindr will reportedly receive $384m ($475.5m) from the deal, with the rollover equity being valued at $2.1bn (£1.7bn). “It has been the longstanding…

Read More
Articles Business Gaingels LGBTQ+ News Life News

Gaingels 100: LGBTQ+ entrepreneurs recognised for their “world-changing” work

A leading LGBTQ+ investment company has launched its first collection of the community’s top global entrepreneurs. The list, which was released on 27 January, includes founding stories, anecdotes and the successes and failures the person featured has faced. Gaingels said the aim of the list is to amplify the stories of LGBTQ+ people in business who are changing the world with their work and entrepreneurship. Lorenzo Thione, managing partner of Gaingels and co-founding chair of StartOut, the leading LGBTQ+ non-profit network serving LGBTQ+ entrepreneurs, said: “Great, world-changing businesses are founded…

Read More
Articles Business COVID-19 COVID-19 pandemic LGBT Business Champion LGBTQ+ News Life News Openly

LGBTQ+ businesses help spearhead Britain’s economic recovery

Being a successful entrepreneur is not always about being in the right place at the right time. Peter Darrant-Parkes opened Britain’s first dedicated LGBTQ+ business hub, the Pride Media Centre, in 2019 – months before COVID-19 brought the country and its economy to a virtual standstill. But while the pandemic could not have been foreseen, the centre’s unlikely location – in an old warehouse complex in a deprived area of the northeastern city of Gateshead – was carefully considered. “We could have had a shiny office in Manchester or Birmingham…

Read More
FREE SHIPPING Worldwide On All Orders! #QUEERKSRead our Shipping & Delivery FAQs for details.
+ +