Various national groups have announced funds that boost funding opportunities for diverse founders.
Toronto-based Bay Mills Investment Group has launched its Bay Mills Diversity Fund, which focuses on strengthening investment into BIPOC founders working in specific emerging markets.
The group is preparing to deploy its first $25 million tranche. Investments will range from an initial $500,000 to a maximum of $5 million total investment in any one venture.
On its website, Bay Mills, which is led by CEO and managing partner Sheldon James. says that less than 10 percent of all venture capital