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California governor appoints Shrina Kurani as IBank deputy director
A native of Riverside, Kurani is an engineer-turned-investor who invests in innovative startups.
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Shrina Kurani / shrinakurani.com
Governor Gavin Newsom appointed Indian-American entrepreneur and investor Shrina Kurani as deputy director of venture capital at the California Infrastructure and Economic Development Bank (IBank).
Kurani, who has been serving as a venture specialist at IBank since 2023, brings extensive experience in venture capital, sustainability, and economic development to her new role.
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Apart from her role at IBank, Kurani is also a managing partner at SNØCAP, a venture capital firm focused on investing in innovative startups. From 2018 to 2022, she was vice president of business at Republic, a crowdfunding platform that democratizes investment opportunities. Prior to that, she worked as an associate at Better Ventures, where she focused on early-stage impact investments.
A native of Riverside, Kurani was raised in a first-generation immigrant family. In 2021, she also announced her bid for the United States Congress, challenging 15-term Republican incumbent Ken Calvert for the mid-term elections in November 2022.
Kurani has worked on various initiatives, from renewable energy projects to climate policy advocacy, including serving as part of delegations to implement the Paris Climate Agreement. Additionally, she has played a pivotal role in addressing disparities in startup funding, particularly for women and entrepreneurs of color.
She earned a bachelor of science degree in mechanical engineering from the University of California, Riverside, before pursuing a master of science degree in environmental studies and sustainability science from Lund University in Sweden.
Kurani’s appointment as deputy director of venture capital at IBank aligns with the state’s efforts to enhance access to capital for startups and foster economic growth through innovation, a release said. The position does not require Senate confirmation, with compensation set at $165,000 per year.
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