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VC Kesha Cash Raises $55M Institutional Fund, Largest Led By a Black Woman GP

Impact America Fund founder and General Partner Kesha Cash is on a mission to invest in companies that offer solutions for the world’s overlooked and underserved communities. In the process of achieving this goal, she’s also making history for herself and her company. This week, Impact America Fund announced that it has raised a $55 million second investment vehicle to fulfill the company’s goal. Thus, making it a significant increase from the first $10 million fund raised in 2014 and the largest fund raised by a Black woman general partner, Crunchbase News reports . According to Crunchbase News , fundraising for the second fund included a large investor base with 67 limited partners comprised of numerous foundations, large wealth managers, and global investment banking firm, UBS, which committed capital through its CRA portfolio. The goal for this fund is to further invest in companies with an “outsized impact on low and moderate income communities,” Cash told Crunchbase News ....

Oct 28, 2020