The 98 Company Research Report

Company Overview

Name: The 98

Mission: The 98 is an early-stage venture capital firm dedicated to funding technology businesses led by women, aiming to alter the funding ratio by providing women founders with capital, operating expertise, and network resources to build impactful companies.

Founded: 2022

Founders:

Lynda Clarizio

Joy Marcus

Key People:

Lynda Clarizio: Co-Founder and General Partner

Joy Marcus: Co-Founder and General Partner

A list of Operating Advisors including Ameneh Atai, Sunny Bates, Lisa Bettinger-Buckingham, and more.

Headquarters: New York, New York, US

Number of Employees: 2-10 employees

What the Company is Known For: The 98 is recognized for investing in technology businesses led by women, offering capital and operational supports especially in fields like media, marketing, commerce, health and wellness, and data analytics.

Revenue of the Company: No information is available.

Products

The primary focus of The 98 is not on product offerings but on investment and operational support for technology ventures led by women.

Recent Developments

1. Investment in askpolly:

The 98 invested in askpolly, an AI-powered tool for market and public opinion research. It distinguishes itself by creating demographically balanced digital samples without recruiting panels.

2. Cambri Developments:

Cambri had an 80% YOY growth in ARR and raised €8M for expansion. New features introduced include Launch AI Scores, Drivers, an upgraded NLP model, and automated AI translations.

3. Investment in Strella:

The 98 invested in Strella, a biotech company focusing on the produce supply chain, using biochemical sensors for smarter decision-making to reduce wastage in the produce market.

4. Paladin Developments:

Paladin announced the acquisition of Pro Bono Manager and expanded its pro bono platform to the UK, adding new portals in the U.S.

5. Stratyfy Developments:

Stratyfy raised $10 million to continue developing AI-driven lending solutions and announced a partnership with Beneficial State Foundation to address racial disparities in lending.

6. Private AI Recognition: