The NAACP has launched NAACP Capital, a historic $200 million fund of funds aimed at supporting fund managers who focus on addressing issues impacting people of color.
Research shows that Black founders raised less than 1% of all venture capital last year, highlighting the critical need for initiatives like NAACP Capital to change this trend.
A fund of funds strategy allows for broader investments across multiple venture funds, making the capital's impact more extensive and supporting a range of initiatives within communities of color.
Kapor Capital, a partner in NAACP Capital, has a longstanding commitment to equity and racial justice investing, aligning with broader movements for social change in the venture space.
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