eavesdropping in Houston

Overheard: 4 Houston BIPOC startup founders share their advice ahead of InnovationMap Awards

The four finalists in the BIPOC-Founded Business category for the inaugural InnovationMap Awards share their best advice for their fellow founders. Photos courtesy

Houston is often lauded as one of the most diverse cities in America, and that diversity is seen across its business communities as well, which includes its innovation ecosystem.

The InnovationMap Awards presented by Techwave announced its finalists across eight categories last week, and the winners will be celebrated at a hybrid event on September 8. Click here to register for the livestream.

The four finalists in the BIPOC-Founded Business category were asked to share their best advice to their fellow Black, Indigenous, and People of Color entrepreneurs. Here's what they had to say.

"Don't be afraid to network!"

Photo courtesy of LAMIK Beauty

— Kim Roxie, founder and CEO of LAMIK Beauty.

"Search for support within your community," Roxie continues. "There's always someone that knows someone who can introduce you to a potential buyer/investor/business opportunity."

Be "a sponge that soaks up all the knowledge as one moved forward in being a startup founder regardless of race."

Photo courtesy of Allotrope Medical

— Albert Huang, founder and CEO of Allotrope Medical.

Huang continues, saying: "This is the same mentorship that I've passed on to other BIPOC innovators and entrepreneurs that I've had the pleasure of working with."

"The road is long, and the wins are fewer than the losses at first. Celebrate each win, as much as you can."

Houston software startup to use fresh funds to become 'unquestionably the best' for the electricity industry

Photo courtesy of Molecule Software

— Sameer Soleja, founder and CEO of Molecule Software.

"Find your advocate. It is sometimes harder to prove yourself as a woman or minority, but a trusted advocate can build so much credibility for you."

Carolyn Rodz, CEO of Hello Alice

Photo via helloalice.com

— Carolyn Rodz, founder of Hello Alice.


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Building Houston

 
 

Houston-based GoCo.io has raised fresh funding and launched the latest version of its platform. Courtesy of GoCo

A Houston startup that is optimizing human resource operations for small businesses has raised fresh funding from an Austin-based venture capital investor.

GoCo.io raised $15 million in September in a funding round led by ATX Venture Partners. Founded in 2015, the company has raised $27.5 million to date, including its $7 million series A in 2019.

The fresh funding will be used to continue expanding on the company's software services operations and upgrades to its product, which is is modernizing HR, benefits, and payroll.

“We believe that GoCo is the company best positioned to provide HR departments at SMBs with the most flexible employee management software,” says Chris Shonk, general partner at ATX Venture Partners, in a news release. “In a crowded marketplace, GoCo clearly rises to the top with its ease-of-use, flexibility and unparalleled customization.

"We’re excited to be a part of GoCo’s journey, and we look forward to supporting their continued innovation as they solve new and existing challenges HR departments face,” he continues.

Last month, the company launched its latest version of the platform, which included new features, enhanced user experience, and increased integrations. Over the past two years, the company has doubled its team to keep up with its customer growth and product development.

“GoCo is the trusted HR software SMBs rely on and we’re thrilled to reach an exciting funding milestone,” says Nir Leibovich, CEO of GoCo, in the release. “This new investment will enable us to provide additional leap-frog HR technology solutions that ensure every organization’s success by eliminating manual HR tasks. SMBs are facing significant challenges right now and GoCo has grown rapidly because we are able to not only meet but exceed HR departments’ needs and expectations.

"GoCo looks forward to expanding upon providing an outstanding customer experience through this new phase of growth as we launch our newest value-added product this fall,” he continues.

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