08.03.18
The $100 million New Voices Fund, a next-generation fund that will make private equity investments in businesses owned and/or managed by women of color, officially launched at the 2018 Essence Festival in New Orleans. The New Voices Fund provides women of color entrepreneurs with the access, capital and expertise that they need to grow their businesses and transform communities. The Fund focuses on investments from startups/Seed to Series C rounds and primarily invests in three verticals: consumer, technology and media/entertainment.
“The facts about investments in women of color entrepreneurs, particularly Black women, are astonishing,” said entrepreneur and social impact investor Richelieu Dennis, founder of New Voices, and the founder of Sundial Brands, which forged the alliance with Unilever to create the fund when the company was acquired by the CPG giant.
The New Voices Fund will deploy and ultimately raise additional capital to support women of color entrepreneurs as they build and advance their businesses.
Since February, $30 million has been invested or committed in the following companies: Beauty Bakerie, Beautycon Media, Envested, McBride Sisters Wine, Mented, Sweeten, The Honey Pot Company and The Lip Bar.
“The facts about investments in women of color entrepreneurs, particularly Black women, are astonishing,” said entrepreneur and social impact investor Richelieu Dennis, founder of New Voices, and the founder of Sundial Brands, which forged the alliance with Unilever to create the fund when the company was acquired by the CPG giant.
The New Voices Fund will deploy and ultimately raise additional capital to support women of color entrepreneurs as they build and advance their businesses.
Since February, $30 million has been invested or committed in the following companies: Beauty Bakerie, Beautycon Media, Envested, McBride Sisters Wine, Mented, Sweeten, The Honey Pot Company and The Lip Bar.