500 Startups Black and Latino Microfund
Investor type
VC
Founded
-
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.
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Region of investment
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