Bank of America backs Capitalize VC fund that invests in Black and Latino founders


Capitalize VC announced a direct investment from Bank of America this week for its initial fund.

While the amount of the investment was not disclosed, it serves to help boost a fund that hopes to even the playing field for Black and Latino startup founders when it comes to venture capital fundraising with a particular focus on early-stage companies.

Based in Chicago, Capitalize VC plans to raise $10 million for Fund I, which will focus on investing in Black and Latino founders developing e-commerce…

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