Kapor Capital, a black-led 'impact-focused' venture capital firm, raises $126m

Share on Facebook Share on Twitter Share on Linkedin The funding, which makes Kapor Capital one of the largest black-led venture capital firms by assets, will help it continue to invest in impact-minded startups.

In 2011, Mitch Kapor and Freada Kapor Klein launched a venture capital firm with a contrarian mission: to produce elite returns by investing in impact-driven startups that help level the playing field. the rules of the game in financial services, healthcare and more.

Now, more than a decade later, the company they started, Kapor Capital, is taking its biggest step yet – and becoming one of the largest black-led companies in a landscape. venture capital firm that has seen funding for black entrepreneurs decline so far this year.

Kapor Capital, based in Oakland, Calif., announced that it has raised $126 million to invest in pre-seed, early-stage and Series A startups under the same mission to positive and measurable impact. The fund, which began investing last year while still ongoing, has made 15 investments so far. All have a co-founder who identifies as an underrepresented person of color.

Officially Kapor Capital's third fund, it is the company's first under the leadership of managing partners Uriridiakoghene "Ulili" Onovakpuri and Brian Dixon, two early employees who will now run the fund without the direct investment. .