I am thrilled to share the news that Zócalo Health, our virtual primary care company, has been chosen as one of the recipients of the prestigious Google for Startups Latino Founders Fund. This opportunity is a true testament to our innovation, growth potential, and unwavering commitment to transforming healthcare for underserved communities.
As entrepreneurs, we have always dreamed of creating something impactful and meaningful. Growing up, we were inspired by stories of successful entrepreneurs who made a difference in their communities. We wanted to follow in their footsteps and contribute to our communities in our unique way. Now, having the opportunity to do so with Google for Startups is a big professional milestone for us.
The Google for Startups Latino Founders Fund is an initiative specifically designed to support growth-stage tech startups led by Latino founders. It offers non-dilutive funding, personalized mentorship from Google experts and top local mentors, and a vibrant community of like-minded entrepreneurs. Being selected as part of this program means that we have access to a wealth of resources and guidance to help us navigate the challenges and opportunities that come with scaling a startup.
As recipients of the Google for Startups Latino Founders Fund, Zócalo Health has been awarded up to $150,000 in equity-free cash awards. This funding is a game-changer for us, as it enables us to invest in our growth and development without diluting our ownership. Additionally, the personalized mentorship and technical support from Google experts and renowned local mentors are invaluable assets that will undoubtedly fuel our success.
The impact of the Google for Startups Latino Founders Fund is truly remarkable. Over $20 million has been awarded to date, supporting Latino-led startups in securing funding, strengthening communities, and creating generational change. It is inspiring to know that 78% of previous recipients reported immediate revenue growth as a result of the award, and 56% went on to secure additional funding, amounting to over $50 million in outside capital. We are honored to be a part of this program and are excited about the possibilities it brings.
Being selected for the Google for Startups Latino Founders Fund is not only a recognition of our dedication to revolutionizing healthcare for underserved communities but also a validation of our dreams and aspirations. We are deeply grateful for the support from Google and the opportunity to collaborate with a diverse community of like-minded entrepreneurs.
Together, we can build a healthier future para la gente, providing accessible and culturally sensitive healthcare to those who need it most.
We extend our heartfelt appreciation to Google for this remarkable opportunity. With their support, we are confident in our ability to drive innovation, scale our operations, and make a lasting impact in the healthcare industry.
