Today the ILPA announced our participation in its Diversity in Action initiative, an organization that shares our commitment to advancing diversity, equity and inclusion (DEI) in the private equity and venture capital industries. The goal of the initiative is to motivate market participants to engage in the journey towards becoming more diverse and inclusive and to build momentum around the adoption of specific actions that advance DEI over time.

ARTIS is proud to have both a diverse team and a diverse range of founders in our portfolio companies, but we know there's always room to do better, and are working hard to continue to grow.

GPs and LPs who join the Diversity in Action initiative commit to specific actions that advance diversity and inclusion, both within their organization and the industry more broadly. Diversity in Action signatories commit to undertaking four essential DEI actions and at least two additional actions from an optional set. The Diversity in Action framework includes a broad range of actions that span talent management, investment management and industry engagement.

We believe diversity of experience is a valuable asset to all our portfolio companies, giving them perspective to make better informed decisions about their products, business, and hiring strategies. We at ARTIS are proud to share that more than 60% of our founders from AV3 are women, people of color, and from the LGBTQ+ community.