Kapor Capital, an Oakland, CA-based venture capital firm that invests in early stage startups that close gaps of access for all, launched $126 million Fund III.
Limited partners include Cambridge Associates, Align Impact, Ford Foundation, Bank of America, PayPal, Twilio, Footlocker, Blue Cross and Blue Shield of Louisiana, EIP Elevate Future Fund, Southern Poverty Law, The California Wellness Foundation, National Geographic Society, Winthrop Rockefeller Foundation and Stardust Equity.
Raised by managing partners Ulili Onovakpuri and Brian Dixon, the fund will invest in tech startups affecting social change that positively impact low-income communities and communities of color.
The vehicle has already invested in 15 companies, including Cayaba Care, a maternity support service; Daylight, a digital banking platform designed for the LGBTQ+ community by the LGBTQ+ community; and TomoCredit, a credit card for young adults, students and immigrants.
FinSMEs
13/09/2022