TLDR:
- Identity.vc raises €15m to support LGBTQ+ founders in Europe.
- Co-founder Til Klein describes the fund as Europe’s first venture capital fund focused on early-stage LGBTQ+ led start-ups.
The European venture capital fund, Identity.vc, has successfully raised €15 million to support LGBTQ+ founders in Europe and beyond. Co-founder Til Klein has described the fund as the first of its kind in Europe, focusing specifically on early-stage LGBTQ+ led start-ups. This initiative aims to provide much-needed support and resources to LGBTQ+ entrepreneurs, who have historically faced obstacles and challenges in accessing funding and opportunities within the venture capital ecosystem.
By raising this capital, Identity.vc hopes to not only empower LGBTQ+ entrepreneurs but also to foster a more inclusive and diverse start-up landscape in Europe. The fund’s mission is to invest in promising LGBTQ+ led start-ups and provide them with the necessary resources and support to thrive and succeed in their respective industries.
This milestone for Identity.vc highlights a growing movement towards greater diversity and inclusion within the venture capital industry, as more funds and initiatives are being launched to support underrepresented founders. The success of this fundraising effort demonstrates a strong demand for capital to support LGBTQ+ entrepreneurs and a significant opportunity for growth and innovation within this community.
