People of color and other minorities

500 Startups Black and Latino Microfund

Investor type

VC

Last fund created

-

AUM

$25 M

Location

United States

$0-1 m

Investment Ticket

3-5 years

Investment Horizon

Series B

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Profile

500 Startups is raising a $25 million dollar microfund to make early stage investments in Black and Latino founders. This fund will invest in ~100 companies and give Black and Latino founders the access to capital, networks, and expertise that they need to grow their businesses. The United States’ shifting demographics is a clear opportunity for investment. By 2044 people of color with be the majority in the US and Black and Latino consumers currently have a combined $2.5T in purchasing power.

Industry

Financial Services Networking Education Edtech Fintech

Region of investment

North America

Contacts

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Name
Title
Email
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SerhZwxGL2vRjWCp Managing Partner
Managing Partner
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SerhZwxGL2vRjWCp General Partner / Advisor
General Partner / Advisor
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SerhZwxGL2vRjWCp Managing Partner
Managing Partner
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SerhZwxGL2vRjWCp General Partner
General Partner
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SerhZwxGL2vRjWCp Investor
Investor
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