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Harlem Capital Announces $134M Fund II, the Largest Diversity-Focused VC Fund to Date

Diversity-focused venture capital firm, Harlem Capital has just announced the close of its Harlem Capital Partners Venture Fund II Limited Partners (LP) — also known as Fund II — at $134 million. According to a press release reviewed by AfroTech, the new fund exceeded its original target of $100 million and went above its initial cap of $125 million as it aims to continue its mission of changing the face of entrepreneurship with diverse founders. It is also said to be the largest diversity-focused VC fund to date. Harlem Capital shares that while Fund II will maintain the firm’s focus on minority and women founders, it will also seek out early-stage investments in companies in the enterprise and consumer technology fields. “We are focused on building an institution and platform to support diverse founders for many generations. Fund II is one step closer to our mission, but we know the work and journey continues,” Harlem Capital Managing Partner Henri Pierre-Jacques shared in a...

Njera Perkins

Mar 31, 2021