The firm debuted its $40 million diversity-focused venture capital fund in December 2019 with the goal of helping to invest in minority and women founders around the United States. New York City-based Harlem Capital Partners makes initial investments of $750k to $1.5mm in U.S. The fund has backed successful companies like Appy Couple, a wedding planning app, and the fashion rental platform Villageluxe. Reign invests in technology and tech-enabled startups with high-potential founders.
#VENTURE CAPITAL FUND ADMINISTRATION SERIES#
Reign Ventures is a venture capital fund that focuses on seed and Series A investment opportunities at companies led by women and minority-led startups. So, no matter the background or type of company you have, there may be a grant opportunity available through this portal.
These “grant-making agencies” award more than $500 billion annually to businesses of all types. The website offers a centralized location to learn about and apply for federal grant opportunities from more than 20 agencies. As of May 2021, Accolade Partners raised $200 million to invest in funds started by women and minorities.Ĭheck out this episode of CO- Blueprint to learn how and why it makes sense to create a more diverse and inclusive business model. In 2019, Accolade launched its first fund to build a portfolio of managers from historically underrepresented groups across venture capital and growth equity. Accolade PartnersĪccolade Partners is an alternative asset platform that specializes in technology and healthcare-focused venture capital and growth equity fund investments. On top of investments, the firm also has business accelerator programs and a learning platform that can help business owners. The organization has a flexible payback model where payments are determined from cash flow instead of being a set amount each month. The Founders First Capital Partners offers a unique take on funding with “revenue-based investment” for service-based companies led by minority, veteran, or women founders. Business owners can search for local financial institutions that have received money from the CDFI Fund and that, in turn, should be able to provide tailored assistance. Many Black-owned businesses have been helped by CDFIs because these institutions specifically “provide loans, investments, financial services and technical assistance to underserved populations and communities.” On top of this, the CDFI Fund offers tax credits to spur investment. business owners by increasing access to capital. Treasury Department, plays a vital role to help lesser-served U.S. The Community Development Financial Institutions (CDFI) Fund, part of the U.S. Community Development Financial Institutions Fund Additionally, the firm recently announced a strategic partnership with KingsCrowd to launch Flex Fund II: a $3 million fund that will bring new startups into the Backstage portfolio. To date, the firm has invested more than $7 million in 200+ companies led by underrepresented founders. Backstage Capital founder and managing partner Arlan Hamilton inspirationally started the firm after experiencing homelessness and has convinced business all-stars like Marc Andreessen and Chris Sacca to invest in the fund.
The venture capital firm Backstage Capital is known in the tech industry for its commitment to investing in companies led by underrepresented founders including people of color and women. Here are thirteen government agencies, programs, and venture capital firms that can assist Black-owned businesses with getting capital. Knowing that obstacles still exist, both public and private organizations have worked to boost funding opportunities for Black-owned businesses. Historical research shows that Black-owned non-employer businesses are far less likely to receive financing than white-owned firms, and Black entrepreneurs are about three times as likely to have growth and profitability hindered by a lack of financial capital. venture capital went to Black entrepreneurs. One of the largest factors holding back Black-owned businesses is access to financial capital: In the first half of 2021, just 1.2% of total U.S. In the world of entrepreneurship, Black Americans have been historically underrepresented. Knowing that obstacles exist particularly for Black business owners, both public and private organizations have worked to boost funding opportunities for Black-owned businesses.
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