Illumen Capital doubles down on supporting underrepresented funds

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Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities.  The firm is an impact fund of funds that has previously supported ways to address racial bias in investing.

When asked about fundraising, Dodson said that the firm was fortunate enough to have “established deep relationships,” with limited partners that are “committed to backing the next generation of VC and PE managers.

Black founders raised less than 1% of venture capital funding last year, according to Crunchbase, and as of H1, was on track to continue seeing a funding decline.

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Author / Journalist: Dominic-Madori Davis

Category: Technology

Markets: United States

Topics: DEI Fund of funds Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 23:33:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23772680

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