TLDR:
- identity.vc launches Europe’s first LGBTQ+ venture fund
- The fund aims to back and invest in LGBTQ+ entrepreneurs in Europe, targeting early-stage startups
Europe’s first LGBTQ+ venture capital impact fund, identity.vc, has been launched with the goal of creating opportunities for growth and innovation across the continent. The fund, with a target size of €50 million, will focus on investing in early-stage startups led by LGBTQ+ founders or those with LGBTQ+ representation at the C-level. While LGBTQ+ investing in startups is established in the US, this is the first venture fund of its kind in Europe. The fund’s ethos is centered around diversity and innovation, recognizing the significant market potential of LGBTQ+-led businesses. With experienced leadership, including founders Til Klein and Jochen Beutgen, identity.vc aims to support and empower LGBTQ+ entrepreneurs in Europe and beyond.
