News Briefs: Formerly Incarcerated Women Get A Boost From Grant, Maven Scores $45 Million Funding Round - Lioness Magazine
News Briefs

News Briefs: Formerly Incarcerated Women Get A Boost From Grant, Maven Scores $45 Million Funding Round

Fundraising

Maven Raises $45 Million in Series C

Maven, the leading women’s and family digital health company, today announced it has closed $45 million in Series C funding, led by Icon Ventures, with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, and individual strategic investors Reese Witherspoon, Natalie Portman, Mindy Kaling, and Anne Wojcicki.

Over the last twelve months, Maven has expanded rapidly, driven by adoption of its family benefits platform among individuals, employers, and health plans seeking better solutions for women’s health, family planning, and diversity in the workforce. The latest round of funding will be used to support Maven’s growth, deepen investment in its core digital programs across fertility, maternity, return-to-work, and pediatrics and expand into adjacent areas.

Personnel

House of Saka, Inc. Taps Sue Bachorski As COO

Sue Bachorski

House of Saka, Inc., producers of the first and only alcohol-free, cannabis-infused beverages made from select vineyards within the iconic Napa Valley appellation, announced today the addition of wine & spirits veteran, Sue Bachorski, to the role of Chief Operating and Financial Officer.  The newest member of House of Saka’s Senior Executive team, Bachorski will oversee operations, logistics and finance for the company as it continues to expand its portfolio of products as well as its national footprint.

Prior to joining House of Saka, Bachorski spent nearly three decades as a Senior Operations and Finance Executive at Constellation Brands, Inc. a Fortune 500 company and one of the largest and most respected beer, wine and spirits companies in the world.  Most recently, Sue served as SVP, Operation Services, Global Wine & Spirits, which supported 24 production locations in 5 countries including Supply and Demand Planning, Procurement, Logistics, Warehousing and Distribution, Environmental Health and Safety, Quality and Research and Development. 

Awards

$200,000 Grant

OAKLAND, Calif. — Union Bank today announced a two-year grant to the Women’s Social Entrepreneurship Center (WSEC). Under the MUFG Union Bank Foundation’s Technical Resource and Assistance Center program (TRAC), the $200,000 grant will enable the organization to grow and expand its program serving women facing the greatest barriers to entrepreneurship.

WSEC is a program of L.C. and Lillie Cox Haven of Hope, which strives to help all individuals enjoy equitable opportunity and support to flourish to their fullest potential. Located on the corner of International and Seminary Avenues in East Oakland, WSEC will serve the community and provide a space for formerly incarcerated women and immigrant women seeking self-sufficiency and economic mobility through business ownership.

The Union Bank grant will help support WSEC’s entrepreneur program, which provides educational workshops, one-on-one counseling sessions, and training. These activities are structured in three phases:

  • Launching the Social Entrepreneurial Journey: Preparing participants to start their entrepreneurial journeys through exploration of financial literacy, emotional and mental well-being, self and community care, and social entrepreneurship.
  • Social Impact Accelerator: Introducing business development topics culminating in the completion of a business plan.
  • Social Impact Consulting: Providing one-on-one advising sessions to guide participants to launch their businesses and prepare for startup capital.