Melinda Gates' company invests $50M into women-in-tech collaborative

Pivotal Ventures, along Break Through Tech, SecondMuse, and "several leading social organizations," announced Jan. 28 a new city-based initiative to bring more women into tech. Melinda Gates' company Pivotal Ventures invested $50 million in Gender Equality in Tech Cities to engage women as college students, employees and founders and investors in city-based tech hubs nationwide. The initiative's goal is to speed up gender equality in the tech sphere by maximizing "the impact of local women-in-tech efforts, crowd in other funders, and foster local coordination" involving academia, non-profits, government, venture capital and business sectors in selected cities across the country, according to the press release. The initiative will begin in Chicago before starting work in two other cities in the next five years.