TLDR:
- Slauson & Co. has raised a $100 million Fund II, showing a commitment to inclusion in its funding.
- The firm focuses on investing in underrepresented founders in the SaaS and consumer tech spaces.
Article Summary:
VC firm Slauson & Co. has closed a $100 million Fund II, exceeding its initial fund of $75 million. The firm’s partner, Ajay Relan, emphasizes their commitment to investing in everyone to ensure diverse perspectives are included in their products and services. The portfolio of companies includes e-commerce platform The Folklore Group and food logistics company Prado, reflecting the changing demographics of the country.
Since its launch in 2020, Slauson & Co. has prioritized backing early-stage founders from diverse backgrounds, with a focus on SaaS and consumer tech. The firm exceeded its goal with Fund I, raising $75 million and backing 38 companies led by people of color and women. In 2024, with the launch of Fund II, the firm continues to advocate for inclusivity despite economic challenges in the venture capital landscape.
Fund II will make investments ranging from $500,000 to $2 million, aiming to lead most rounds and make 30 investments over the next three years. Slauson & Co. has already started deploying capital from Fund II and remains dedicated to supporting overlooked founders through programs like accelerators and networking initiatives. The firm’s success and commitment to diversity have attracted institutional investors to back them in their mission.
