Dealflow | January 6, 2021

Immigrant-focused One Way Ventures closes second fund

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 6 – One Way Ventures, which cuts checks of up to $1 million to immigrant-founded startups, raised $57.5 million for its second fund, TechCrunch reports.

The Boston-based fund raised $28 million for its first fund in 2019 and has invested in more than 40 companies, including home care training company CareAcademy (see, CareAcademy raises $9.5 million to upskill a generation of caregivers and “Agent of Impact: Helen Adeosun) and e-scooter company Superpedestrian, which just closed a $60 million round.

Unshackled Ventures also invests with an immigrant-founder lens, and helps founders navigate the U.S. immigration and visa process. It raised a $20 million fund in 2019.