![]() Since 2015 Black and Latinx founders have received just 2.4% of all venture capital raised, according to Crunchbase. Within a week, the SoftBank Opportunity Fund was born - a $100 million fund that invests in companies led by Black, Latinx and Native American founders, who have been historically overlooked by venture funds. "How do we make sure that while other parts of SoftBank had been thinking about diversity, we really put capital at the hands of founders?" Osunsanya recalled. In the days after the murder of George Floyd last May, executives at SoftBank were scrambling, along with leaders across the tech industry, to find a way to contribute to the nationwide push for racial justice.Ī group of investors, including SoftBank's Dami Osunsanya, quickly came together to ask themselves a question.
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