Funds backing under-represented founders

Historically, many VCs have overlooked certain types of founders. Here are the funds focused on not repeating that mistake.
Historically, many VCs have overlooked certain types of founders. Here are the funds focused on not repeating that mistake.

Funds backing under-represented founders

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Venture Capital firm that invests in diverse leadership teams with a unique ability to create flywheel effects of growth in new markets.
Pre-Seed
Seed
Series A
Series B+
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Founded in 1999 by NEA cofounder Frank A. Bonsal Jr. to invest in underrepresented founders and emerging managers who drive the future of learning and work.
Pre-Seed
Seed
Series A
Series B+
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Loves products with strong network effects, unique data sets, organic and viral growth characteristics, great unit economics, and long-term defensibility. Leadout also prioritizes diversity with 80% of their first fund's investments and 100% of their second fund's investments so far have been in diverse founding teams.
Pre-Seed
Seed
Series A
Series B+
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Invests in early-stage companies founded by historically overlooked founders.
Pre-Seed
Seed
Series A
Series B+
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Investing in next-gen billion-dollar businesses that unapologetically benefit people, society, and the planet. SoGal capitalizes on the three biggest arbitrage investment opportunities of our time… Underrepresented Founders, Undercapitalized Geographies & Underserved Problems
Pre-Seed
Seed
Series A
Series B+
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Fund led by Sarah Kunst investing in the future of fintech, consumer, and enterprise.
Pre-Seed
Seed
Series A
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Invests in exceptional founders primarily outside of large tech ecosystems, earlier than everyone else. There are two types of founders that get them excited: those who have thought a lot about and executed on customer acquisition, and, those building products in markets that are often overlooked. These founders are out-of-the-box thinkers, which is critical to success.
Pre-Seed
Seed
Series A
Series B+
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Chicago-based VC firm focused on industries that are massively changing and founders whose backgrounds uniquely position them to create businesses in growth markets that are often overlooked.
Pre-Seed
Seed
Series A
Series B+
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The firm currently runs three programs: 1) Grand Central Tech - a free rent, no equity residency program; 2) The City Fellowship that supports New York City-based social entrepreneurs; and 3) Boost: a Founder Fellowship supporting historically underserved tech founders. 
Pre-Seed
Seed
Series A
Series B+
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Leading LGBTQIA+/Allies investment syndicate that has invested $110M+ in 200+ companies since 2016.
Pre-Seed
Seed
Series A
Series B+
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Invests in startups with at least one immigrant founder.
Pre-Seed
Seed
Series A
Series B+
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Early-stage investments in enterprise cloud and smart data companies.
Pre-Seed
Seed
Series A
Series B+
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VC fund on a mission to change the face of entrepreneurship by investing in 1,000 diverse founders over 20 years.
Pre-Seed
Seed
Series A
Series B+
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VC firm that provides investable assets for diverse angel investors to fund tomorrow's companies.
Pre-Seed
Seed
Series A
Series B+
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First Latinx-founded VC on the East Coast founded by experienced Boston-based operators. The fund is diversity-focused with 75% of investments in founders of color, women, and immigrants.
Pre-Seed
Seed
Series A
Series B+
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Nitin & Manan's journeys, having started companies as immigrants, inspired them to create Unshackled Ventures, so that they could remove the bottlenecks of immigration and amplify your superpowers.
Pre-Seed
Seed
Series A
Series B+
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Anthemis Group is a global platform that cultivates change in the financial system by investing in, growing, and sustaining businesses.
Pre-Seed
Seed
Series A
Series B+
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Invests in early-stage community-driven companies in the US and Latin America and helps them grow through the power of community.
Pre-Seed
Seed
Series A
Series B+
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Community-focused, early-stage venture capital firm with over 70% of portfolio companies led by women founders and those from under-represented groups such as LGBTQ+ and people of color.
Pre-Seed
Seed
Series A
Series B+
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On a mission to create alpha and impact by funding Latinx and diverse founders creating disruptive tech solutions that help shape a future by us, for us.
Pre-Seed
Seed
Series A
Series B+
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Aims to support passionate entrepreneurs building visionary brands in positive living that will make the daily lives of consumers healthier, happier and more meaningful
Pre-Seed
Seed
Series A
Series B+
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Invests in deeply technical, under-networked founders trying to build their companies
Pre-Seed
Seed
Series A
Series B+
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Invests in fast-growing companies with global potential for huge, positive impact
Pre-Seed
Seed
Series A
Series B+
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Early-stage venture capital firm investing at the two forces radically transforming the food economy: climate and culture.
Pre-Seed
Seed
Series A
Series B+
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Beta Boom invests instartups building the future for women and ethnic minority consumers, workers, and business owners.

The best and only way to get on Beta Boom's radar is to fill out their 3-minute intake form.

Their diligence process takes 6-8 weeks:
1. 3-minute intake form
2. Initial diligence call
3. Data room review
4. Subsequent diligence call(s)
5. Collaboration week
6. Final diligence

They also provide weekly or daily support from Beta Boom's growth team to help portfolio companies refine product-market fit, go to market, and sales operations.
Pre-Seed
Seed
Series A
Series B+
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Actively seeks out companies led by women and minority founders. Authentic likes to give full attention to their portfolio companies and only backs 4-6 founders each year.
Pre-Seed
Seed
Series A
Series B+
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Invests financial & social capital into exceptional ventures led by underrepresented founders of color, founders addressing the needs of underrepresented consumers of color, and founders with a demonstrated commitment to creating inclusive cultures and building diverse teams.
Pre-Seed
Seed
Series A
Series B+
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Their mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth-aggressive companies. Fearless Fund is built by women of color for women of color.
Pre-Seed
Seed
Series A
Series B+
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Founded by the tennis legend Serena Williams as an investment vehicle to empower historically overlooked people and markets.
Pre-Seed
Seed
Series A
Series B+
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Mentors and invests EARLY, reducing barriers for diverse founders to reveal their talents and reshape communities. They invest in founders, primarily in the southeast, working on early-stage tech companies with innovative business models and early traction.
Pre-Seed
Seed
Series A
Series B+
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High-touch Venture Capital firm based in Los Angeles, CA. The team believes that (1) hardware can be brought to market more frugally than in the past and that (2) Los Angeles has the expertise and best resources to support founders who play in the physical world.
Pre-Seed
Seed
Series A
Series B+
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Fund led by West Point graduates and veterans to aggressively invest in companies that are military veteran founded or run.
Pre-Seed
Seed
Series A
Series B+
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Founded in 2021, Black Operator Ventures is the first venture capital fund of its kind, managed and led by an all-Black team of founders. They look for founders who are resilient, have a unique perspective on their market, and possess the conviction to win their space.
Pre-Seed
Seed
Series A
Series B+
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Atlanta-based VC firm that takes a “wider-view” approach to investing by targeting the Southeast and Midwest and placing a focus on overlooked founders and university startups.
Pre-Seed
Seed
Series A
Series B+
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Championing Black-led start-ups and innovators of color across America and building generational wealth for traditionally overlooked entrepreneurs.
Pre-Seed
Seed
Series A
Series B+
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Seed-stage Fund for Black, Brown, women, and LGBTQ+ led startups. They are investing in tech, tech-enabled, and Direct-To-Consumer start-ups.
Pre-Seed
Seed
Series A
Series B+
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Invests in entrepreneurs creating commercially successful companies that advance economic mobility and increase opportunity in America.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Firm backing or Black, Latinx, and Indigenous founders looking to create Startups in emerging technologies.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Venture Capital firm and Accelerator that provides meaningful funding and support to early stage companies
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Early-stage VC fund reducing the racial wealth gap through investments in Black and Latinx founders
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
New impact VC fund backing startups founded/led by underrepresented professionals
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Defined by their inclusive investing, powerful network, and hands-on approach.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Focus on investing in tech companies with inclusive teams and women of color.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
$50M fund to provide social and financial resources to Black-owned companies
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Invests in founders building solutions for a more equitable future.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Investing in Black, Latinx, and Indigenous founders at the early stage. Debut Capital helps their founders in product, tech stack strategy, and team structure
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Early-stage consumer venture capital firm investing in bold, diverse teams building superior consumer experiences and the technologies that power them.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
Investing in Latina(o)-owned early-stage companies with “high growth potential" through the fund's recently announced $100M+ first institutional fund.
Pre-Seed
Seed
Series A
Series B+
View Fund Profile
NYC venture fund investing in immigrant founders building exciting scalable tech.
Pre-Seed
Seed
Series A
Series B+
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Gold House Ventures is the leading fund investing in passionate Asian and Pacific Islander (API) entrepreneurs whose companies are transforming industries. They work with the best-in-class, high-growth, API-founded companies to accelerate their success. They welcome investors who are looking to help API ventures thrive.

They equip best-in-class API entrepreneurs with capital, tools, and connections critical for growth through its venture fund, accelerator, and invitation-only network of API founders and creators.
Pre-Seed
Seed
Series A
Series B+
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Collide Capital is a $66M fund that believes great companies are built at the intersection of communities led by diverse, fearless change agents. They invest in the most innovative and hard-working founders solving the next generation of global challenges.

They help by giving Intros to other investors and founders, advising and coaching, sharing their story and wins with Collide's broader community. They are building out their formal Platform offering in 2023.
Pre-Seed
Seed
Series A
Series B+
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Note from the curator

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Ali Rohde
General Partner, Outset Capital

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