Dealflow | June 23, 2021

Backstage Capital portfolio companies raise follow-on investments

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, June 23 — Arlan Hamilton created Backstage Capital in 2015 to back “underestimated” founders and unlock value (see, “Arlan Hamilton, Backstage Capital).

The L.A.-based venture firm was an early backer of inclusive tech platform Bitwise Industries, caregiver training company CareAcademy and fashion company Haute Hijab, which together have raised nearly $100 million, according Crunchbase

Follow-on funding

Other Backstage companies include Black female-led The Mentor Method, an inclusive virtual mentor matching platform that raised $1.4 million in a seed investment round. BookClub snagged $20 million Series A funding to connect authors with readers through book clubs. Black-led Nickson Living, an on-demand apartment furnishing startup, secured $12 million Series A financing. Women-led Hello Alicescored $21 million to support small businesses.