Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Loud Capital raises $10 million Pride Fund for LGBTQ entrepreneurs



ImpactAlpha, June 25 – Loud Capital’s new Pride Fund 1 is seeking out LGBTQ investors to invest in early-stage and growth companies led by LGBTQ entrepreneurs. A number of funds launched in recent months target underrepresented founders, but less than 1% of venture funding goes to LGBTQ founders, according to Backstage Capital, which intentionally invests in LGBTQ founders. “We have an opportunity to make a significant impact and leave an enhanced legacy,” said Pride Fund’s Densil Porteous.

Pride dealflow

The Columbus, Ohio-based fund has already made five investments, including a tech startup, a fashion designer and a LGBTQ-focused restaurant group, according to PitchBook.

It’s also working with Guerneville, Calif.-based Equality Vines, whose cofounder, Jim Obergefell, was the plaintiff in Obergefell v. Hodges, the 2015 Supreme Court case that led to the legalization of same-sex marriage. The idea was hatched at a local Pride celebration last year. 

You might also like...