Springing ahead, Cortado and its portfolio has had an exciting month. This month’s update includes Cortado’s $80M fund announcement, Builder Highlight, Team Highlight, Cortado In the News, Events and more.

The Cortado Ventures Team

Bottom Line Up Front (BLUF)

This month, we are highlighting Tulsa-based Black Women Business Owners of America as our Builder Highlight. We are also highlighting our Analyst Mansi Patel. Several Cortado PortCos have made great advancements this past month including Recuro Health and Relativity6. Along with other news mentions, Cortado is excited to launch its second fund with a goal of $80 million. To close, get out and connect with the entrepreneurial ecosystem with the upcoming events featured below.

• Builder Highlight: Black Women Business Owners of America
• Team Highlight: Mansi Patel, Analyst
• Cortado PortCo Highlights
• Cortado In The News
• Ecosystem Events
• 405 Business Magazine Innovator Award Nominations

Builder Highlight: Black Women Business Owners of America

Based in Tulsa, with an Oklahoma City Chapter, Black Women Business Owners of America is a business association that supports Black women entrepreneurs, business owners and startup founders.

These women own businesses in the beauty, retail, real estate, restaurant, food & beverage, healthcare, financial & tax, marketing & communications, creative services, HR, trucking industry, and more. To learn more, simply click the image to the right.

Team Highlight: Mansi Patel

Born and raised in Norman, OK, Mansi Patel serves as Cortado’s Investment Analyst. After completing her MBA from the University of Oklahoma, Mansi joined the Cortado team in February 2022. She was raised by entrepreneurs in the hospitality and real estate industries. She has expanded on the learned knowledge of her upbringing and focuses her expertise on fintech, hospitality and healthcare. She is a lover of traveling and the outdoors.

Q: Mansi, what’s your vision for entrepreneurship in Oklahoma and the Midcontinent?

A: “I envision Oklahoma and the region becoming more energy tech and healthcare focused. It is my hope that our lifestyle, quality of life and pace attracts entrepreneurs from the coasts, their ideas, energy and family.”

PortCo Highlights

Recuro Health Announces Conv. Note; acquires WellVia

Recuro Health announced funding of a convertible note, co-led by ARCH Venture Partners & Cortado Ventures. The company also announced its acquisition of WellVia, a premier virtual health provider.

Relativity6 announces $5.25M round

Relativity6, the leading AI platform for industry classification, announced that it has raised a $5.25m seed round. Funding will be used to accelerate sales efforts within commercial insurance underwriting, drive expansion into new financial services markets, and fuel the development of additional critical business data points. More details here.

Cortado in the News

The Journal Record | Cortado Launches Second Fund

In late March, Cortado Ventures announced the launch of its second fund with a goal of $80M. This Journal Record story reveals the success of the first fund and how a second fund will further Cortado’s mission to diversify the regional economy and invest in overlook founders.

OKC Friday | Most Powerful Young Professionals

For the second year in a row, our Managing Partner and Platform Manager were named in the Top 10 most powerful young professionals in Oklahoma City. Nathaniel was ranked at #4 and J.D. at #6. Check out the full rankings here.

J.D. Baker in 405 Business Mag

Three local business leaders shared with 405 Business Magazine what they wish they knew from the very beginning of their careers.⁠ The feature includes our Platform Manager J.D. Baker. Check out the advice here.

VC’s Promise for Oklahoma

Last month, The Oklahoman featured our Managing Partner Nathaniel Harding as a guest columnist. Read the Op-ed here.

Events in the Ecosystem

2022 OVF Awards

Oklahoma Venture Forum will host the OVF Awards ceremony on May 18th, 2022 from 11:00 a.m. to 1:30 p.m. at the Oklahoma History Center. Cortado investment, Boddle Learning, is a finalist for Most Promising New Venture. Tickets can be purchased here.

Innovation District: Cocktails & Convos

This rotational networking event will be held at Kindred Spirits on May 10. Innovation District will buy the first round for the first 50 people who attend.

Nominate Innovators

405 Business magazine is presenting the inaugural launch of The Innovator Awards. The program honors companies, CEOs, CIOs, CTOs, entrepreneurs and other leaders driving innovation in Central Oklahoma. 405 Business will reveal the winners in the August/September issue of the magazine. Submit your nominations by May 1, 2022.