Founded by Monique Idlett-Mosley and Erica Duignan, Reign Ventures is committed to building a fund at least 50 percent of whose entrepreneurs are women or people of color. The two met in business school, and have wildly different backgrounds. Idlett-Mosley spent her career in music and marketing, running her own high-profile consultancy and managing artists such as Nelly Furtado and One Republic. Duignan is a former investment banker who went on to become managing director of DreamIt Ventures, an accelerator for digital health and urban tech companies. Now based in Miami and New York City, Reign manages a $25 million fund that invests in early-stage companies. Their portfolio includes companies such as Lisnr, maker of a new low-power data transmission technology, and Snowball, an online platform for personal finance.