Insight Partners, a leading global venture capital and private equity software investor, announced today it has raised and deployed a $15M Vision Capital 2020 Limited Partner Fund (Vision Capital 2020) to invest in diverse-led, early-stage funds. Vision Capital 2020, which was raised entirely through capital commitments from senior partners of Insight, seeks to address the industry’s pipeline problem by providing capital to diverse managers as an effective action to help close the industry’s diversity gap.
The current venture capital industry sees 93% of VC dollars managed by white males, 3% by white females, and <1% managed by other diverse groups including Black and LatinX investors of both genders. Vision Capital 2020 supports funds led by General Partners (GP) identifying as Black, Latinx, female or LGBTQ+, who are raising a first or second fund.
Source: Salamanca Press
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