Dealflow | September 14, 2021

Black Venture Capital Consortium and Ford Foundation closes $7.5 million for student-led fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 14 — The Student Venture Fund is part of BVCC’s two-year venture capital training for students from historically Black colleges and universities.

Students from HBCUs such as Howard University, Spelman College, Morehouse College and others will work with experienced professionals at partner VC firms and tech companies, such as Netflix, General Catalyst, Reach Capital and Google.

“This new fund will help to radically shake up many of the structural challenges in venture capital that have previously prevented talented HBCU students from breaking into these notoriously exclusive roles,” said Adeyemi Ajao of Base 10 Partners, a partner of BVCC (see “Base10 will donate half its profits in a new $250 million fund).

Ford Foundation’s Depelsha McGruder, a Howard University alumnus, will sit on the fund’s board.