NAACP Capital (Fund of Funds)
Funding Details
- Awarder
- Inbox
- Date Award
- October 25, 2024
- Vertical
- Venture Capital
- Funding URL
- View Funding Page
- Funding Amount:
- $200,000,000
Company Info
- Traction
- The fund addresses the critical issue of underfunding for Black founders, who raised less than 1% of all venture capital funds last year.
- Company Description
- NAACP Capital is a $200 million fund of funds designed to back fund managers who focus on issues that impact people of color. The fund aims to address the significant funding gap faced by Black founders in the venture capital landscape.
- Market
- Investment in funds focused on issues impacting people of color
- Location
- United States
- Coinvestors
- Kapor Capital, Kapor Center, nine other venture fund managers