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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FAQs about 500 Startups Black and Latino Microfund
Where is 500 Startups Black and Latino Microfund located?
500 Startups Black and Latino Microfund is located in United States.
When was 500 Startups Black and Latino Microfund founded?
500 Startups Black and Latino Microfund was founded in .
What sectors and industries does 500 Startups Black and Latino Microfund invest in?
500 Startups Black and Latino Microfund invests in companies and startups in Financial Services, Networking, Education, Edtech, Fintech.
What is 500 Startups Black and Latino Microfund geographical focus of investments?
500 Startups Black and Latino Microfund invests in companies and startups in North America.
At what stages of companies and startups does 500 Startups Black and Latino Microfund typically invest in?
500 Startups Black and Latino Microfund invests in companies and startups at Series B.
What is the usual amount of 500 Startups Black and Latino Microfund investment?
500 Startups Black and Latino Microfund usually invests $0-1 m on average.
What is the amount of assets of under management (AUM) for 500 Startups Black and Latino Microfund?
500 Startups Black and Latino Microfund has around $25m assets under management.
Does 500 Startups Black and Latino Microfund invest and support LGBTQ, female and other minorities startups and founders?
500 Startups Black and Latino Microfund invests and supports People of color and other minorities startups and founders.