TLDR:
- Westbound Equity Partners launches $100M fund to support Black, Latin, and diversity-driven startups.
- Firm aims to invest in underrepresented founders to build diverse early-stage companies that serve their communities.
Something new is on the horizon in the world of investing, as Westbound Equity Partners announces a $100M fund dedicated to supporting Black, Latin, and diversity-driven startups. Led by former nonprofit director Sean Mendy, the firm is focused on investing in underrepresented founders to create diverse early-stage companies that have a positive impact on their communities. Since its inception, Westbound has already invested in over 40 startups and is now aiming to make even bigger placements with their new fund.
Westbound’s mission is not just about investing in companies led by underrepresented founders, but also about building a more inclusive and diverse entrepreneurial ecosystem. By providing capital to Black and Latino companies, the firm hopes to break the cycle of homogeneity in the tech industry and create opportunities for a more diverse range of founders and investors.
Through investments in companies like Sierra and Esusu, Westbound is demonstrating its commitment to supporting innovative startups that are making a difference. As the firm continues its “equity mission,” founder Sean Mendy emphasizes the importance of creating value that extends beyond individual companies to benefit entire communities.
