Scroobious Secures $500K in Funding, Appoints Ralph H. Groce III as President and COO

Finance

Sep 3

Allison Byers, Founder & CEO with newly appointed President & COO, Ralph H. Groce III. ● Photo Credit: Scroobious Inc.

BOSTON, September 3, 2024 (VSNewsNetwork.com) – Scroobious, a platform focused on connecting diverse founders with investors and services, has announced the appointment of Ralph H. Groce III as its new President and Chief Operating Officer (COO). Along with this leadership expansion, the company has secured $500,000 in strategic growth funding to scale its operations and enhance its impact on the startup ecosystem.

Allison Byers, Founder and CEO of Scroobious, emphasized the significance of the company's mission. “Last year, underrepresented founders received the lowest percentage of investment dollars since 2016, which highlights the importance of what we’re building and our urgency to make the Scroobious platform available to more entrepreneurs.”

Groce, who has held leadership roles at Deutsche Bank, JP Morgan, Wells Fargo, and BNY Mellon, expressed enthusiasm for his new role. “I am incredibly excited to join Scroobious as it stands on the cusp of transformative growth,” Groce said. “Scroobious’ mission to create a more equitable startup ecosystem deeply resonates with me, and I’m eager to use my experience in technology and business transformation to accelerate our innovation, reach, and impact.”

Byers also noted, "Ralph’s leadership skills and deep expertise in finance and technology, along with the $500,000 in growth funding, will be instrumental in helping us enhance our AI-powered platform, scale our reach, and accelerate our efforts to create a more inclusive startup ecosystem."

Scroobious currently supports a community of over 900 founders and maintains partnerships with major organizations, including JP Morgan Chase and All Raise. The platform aims to drive meaningful connections between founders and investors, promoting long-term growth in the startup landscape.

For more information, visit www.scroobious.com.