As we announce our $11M Series A, I also want to provide an update on the diversity of our cap table.

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You can read our original post here explaining why we believe a diverse cap table is so important. In summary, we think the key reasons are:

• Diversity of opinion improves business outcomes,
• Diversity begets more diversity, and
• Diversity changes the investor landscape.

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With our Series A, we’ve improved the diversity of our cap table as it relates to ethnicity and gender identity, but have seen a slight reduction in diversity across nationality and sexual orientation. Specifically, some key movements to highlight are:

• The percentage of those on our cap table who are White or British White has reduced from 60% to 55.8%.
• The percentage of those on our cap table who are Jewish has increased from 7.5% to 11.6%.
• The percentage of those on our cap table who are Indian Asian or Asian British has increased from 5% to 7%.
• The difference between those on our cap table who identify as men or women has decreased from 4% to 2%.
  

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Gender Identity - only 2% difference between those who identify as men or women

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Sexual Orientation - more than 10% of our cap table identifies as LGBTQ+

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Nationality - 19 individual or combinations of nationalities are represented on our cap table

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Ethnicity - 44% of our cap table are not White or British White

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Looking forward

With this latest fundraising round, we’ve made some improvements to the diversity of our cap table, but have also identified areas we can grow in.

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Making Transparent Decisions and Communicating Clearly are core values in Cable’s Operating System, and we’ll continue to be transparent about the diversity of our cap table.

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As I wrote in our previous post, building a diverse cap table requires intentionality, preparation, and making diversity a priority. We are proud of the steps we’ve taken to date, and will continue to be very deliberate about diversity in future fundraises.

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As always, reach out to us if you want more details about how we've built our cap table!