Marcelo Claure, founder and CEO of the Claure Group, has returned to the Open Opportunity Fund as Vice Chairman and General Partner. The Open Opportunity Fund is a venture capital fund that focuses on funding technology companies founded by Black and Latino entrepreneurs. Claure was a founding member of the fund while he was the CEO of SoftBank Group International and helped launch the SB Opportunity Fund, which invested $100 million in underrepresented founders. Claure will be joining Paul Judge, Chairman of the Open Opportunity Fund, in acquiring an ownership stake in the $100 million Opportunity Fund 1 portfolio from SoftBank. The fund aims to double in size with the launch of Fund 2, which will be a $200 million fund that continues to support and back exceptional tech founders from diverse backgrounds.
Marcelo Claure teams up with Paul Judge: Fueling Open Opportunity Fund!
Latest from Blog
Venture Capital News: Avail, M^0, Sandbox Secure Millions in Funding
VC Roundup Summary TLDR: Key Points: 21 startups raised $399.7 million in VC funding in the blockchain space from June 2 to June 8. Avail secured $43 million, M^0 raised $35 million,
American Tech Industry Pushes Chinese VC to Liquidate Investments
TLDR: US tech sector pressures Chinese venture capital to divest Chinese venture capital firms facing pressure to divest from US tech sector due to national security concerns In a move driven by
Middle East’s Position in Global AI Funding Race
TLDR: Global venture capital funds are investing in AI in the Middle East, showing solid interest in the region’s technology industry and potential. The UAE and Saudi Arabia are leading the AI
Unveiling the Power of Venture Capital in Driving Innovation
TLDR: FICCI Ladies Organisation (FLO) Hyderabad organized a session on the role of venture capitalists in innovation. Priya Gazdar highlighted the history of venture capitalism, emphasizing the importance of behavior in founders
Nascent Ventures amasses 445 billion PEPE coins in savvy maneuver
TLDR: Nascent Ventures acquires over 445 billion PEPE coins worth $5.48 million in a strategic move. The strategic investment by Nascent highlights their optimistic stance on PEPE’s prospects and solidifies PEPE’s status