Four U.S. venture capital funds founded by minority women band together for change

Published by
Reuters

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Four venture capital funds founded by women of color in the United States on Monday said they are banding together under an umbrella called The Ally Capital Collab to get an edge on fundraising and investments. The 22 Fund and WOCstar Fund have Black female founders, while Supply Change Capital and 2045 Ventures have Latina founders, according to The Ally Capital Collab. Protests on racial injustice last year have triggered a move towards more diversity in the venture capital world, but startups run by people of color remain under-represented. Acc…

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