BBG Ventures raises new $60 million fund to support diverse founders

Quick Summary:

BBG Ventures raised a new $60 million fund to support founders from "diverse backgrounds,” including gender, race, age, and class, Business Insider reported.

The firm is known for backing exclusively women founders, and this new fund is a slight departure from that focus but comes as funding to diverse founders continues to dip.

The latest BBG fund will focus on diverse founders building in healthcare, fintech, and AI.

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Article Details

Author / Journalist: Dominic-Madori Davis

Category: Technology

Markets: United States

Topics: Fundraising TC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 20:16:25 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 144 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 23354264

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