BBG Ventures Secures $60 Million to Support Diverse Founders

The venture capital firm expands its focus from female founders to include diverse entrepreneurs across race, age, and income.

BBG Ventures was founded in 2014 with a focus on female entrepreneurs and has now broadened its scope to support a wider range of diverse founders.
The new $60 million fund includes investments from Pivotal Ventures, California Endowment, and Mizuho, among others.
The firm's strategic shift is influenced by demographic changes and the concept of a 'polycultural future' in America.
BBG Ventures has invested in over 100 companies, with 70% having a founder of color, reflecting its commitment to diversity.
Despite the expanded focus, BBG Ventures remains committed to investing heavily in women-led startups.