In brief: Kapor doubles down on backing diverse founders

The US-based social impact fund said all its new portfolio companies were led by founders from underrepresented groups in its 2022 Impact Report.

Kapor Capital, the US-based social impact VC, has published its 2022 Impact Report. Two key points stand out.

First, the funding gap for underrepresented and minority-led founders: using US census data, the report highlights that of the $147 billion invested in US start-ups in the first half of 2021, just 1.2 percent went to Black founders, despite 10 percent of US companies being Black-owned.

Secondly, in 2017, 59 percent of the firm’s portfolio comprised companies with diverse founders, but from 2021, 100 percent of new investments fit into this category.