DEI Fundraising Takes Center Stage with NAACP's $200 Million Initiative
DEI Fundraising Initiative Launch
The NAACP has introduced a revolutionary approach to DEI fundraising with the launch of a $200 million fund of funds. This initiative seeks to empower fund managers who focus on opportunities and solutions for communities of color.
Collaboration with Key Partners
In partnership with Kapor Capital, the NAACP aims to forge pathways for fundraising that effectively tackles systemic inequities in the entrepreneurial landscape. This collaboration emphasizes the vital need for representation and support for Black entrepreneurs.
- Fund Size: $200 Million
- Key Partners: Kapor Capital, Kapor Center, Nine other venture managers
Significance of DEI Fundraising
With less than 1% of venture capital allocated to Black founders last year, this fund represents a crucial step towards reversing trends of inequity in fundraising practices. The initiative promotes diversity and inclusion, driving impactful solutions in the tech ecosystem.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.