- Kapor Capital, the venture firm focused on funding social impact ventures.
- Founders of color are raising a $125 million fund, called Kapor Capital.
- Kapor Capital founders Mitch Kapor and Freada Kapor Klein.
- The firm has invested in companies like Blocpower, Bitwise, Promise, and Aclima.
Kapor Capital invests in tech-driven early-stage companies committed to closing gaps of access, opportunity or outcome for low-income communities and/or communities of color in the United States. We are particularly interested in those that address gaps of disproportionate relevance to African-Americans and Latinx communities.
Kapor Capital chooses the pre-seed and seed round as its entry point. These early rounds of capital are generally used to help advance the startup to a stage where it will either prove or disprove value and customer demand for the product or service.
Kapor Capital does not make philanthropic grants
At Kapor Capital, they believe in the power of transformative ideas and diverse teams. We are an Oakland-based fund that understands that startup companies have the ability to transform entire industries and to address urgent social needs as they do so.
Kapor Capital is raising a $125 million fund
Kapor Capital, the venture firm focused on funding social impact ventures and founders of color, is raising a $125 million fund, called Kapor Capital, Fund III. What’s notable about this fund is that it will be the first time Kapor Capital is accepting outside money from investors for a fund. Historically, the capital has come directly from Kapor Capital founders Mitch Kapor and Freada Kapor Klein. The fund will be led by Kapor Capital partners Brian Dixon and Ulili Onovakpuri. The two will function as co-managing partners.
Kapor Capital’s portfolio has a founder who identifies as a woman
59% of the companies in Kapor Capital’s portfolio have a founder who identifies as a woman and/or an underrepresented person of color. Kapor Capital has been instrumental in advancing diversity and inclusion in the tech industry. Kapor Capital began requiring new portfolio companies to invest in diversity and inclusion. Back in 2016, it invested as part of a Founders’ Commitment. Kapor Capital has invested in companies like Blocpower, Bitwise, Promise, and Aclima.
Kapor Capital declined to comment for this story. The capital has come directly from Kapor Capital founders Mitch Kapor and Freada Kapor Klein. Onovakpuri technology makes access to healthcare more accessible, either through reimbursements to low-income people or through subsidized payments.
