Apple invests in biotech startup SweetBio and VC firm VamosVentures through REJI
Summary
Apple has announced today that it has invested in the biotech startup SweetBio and VC firm VamosVentures as part of its growing Racial Equity and Justice Initiative. Biotech startup SweetBio and VC firm VamosVentures receive funding through Apple’s Racial Equity and Justice Initiative SweetBio was founded by sister and brother team Kayla Rodriguez Graff and Isaac Rodriguez, whose family is from Puerto Rico. Their goal is advanced wound care for all, and to achieve this, they’ve harnessed the power of a surprising source: honey. As part of Apple’s recently launched Racial Equity and Justice Initiative (REJI), the company has invested a collective $50 million into a number of firms that focus on Black- and Latinx-owned businesses, including VamosVentures. Apple expanded its Racial Equity and Justice Initiative (REJI) earlier this year, investing $100 million into the program and searching for new ways to “dismantle systemic barriers to opportunity and combat injustices faced by communities of color.
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