A St. Petersburg investment group with a focus on early stage startups has launched a new fund focused on minorities.
The Seedfunders Opportunity Fund will focus specifically on funding startups owned by black tech-enabled entrepreneurs in an effort to help in the pre-seed, otherwise known as the “friends and family,” investment stage.
“We have always been interested in investing in startups with social value in addition to the economic potential,” Seedfunders founder Dave Chitester said in a statement. “This fund takes that a step further by making that part of the selection and investment process.”
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