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Backstage Capital Launches $36 Million “About Damn Time Fund” for Black Women Founders


Venture capital firm, Backstage Capital recently announced that it has launched a $36 million fund that will invest in Black women founders.

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The “It’s About Damn Time Fund” as it was called by founder, Arlan Hamilton, will help address the funding gap that exists between investors and Black women in the VC landscape.

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A 2015 study by First Round Capital suggested that only 0.2% of all funding went to companies run by women of color. It went on to say that the “lack of outside investment is a major barrier for many aspiring female entrepreneurs, especially in the technology sector.”

“It is my firm belief that because Black women have had to make do with far less for centuries, equipping them with early stage capital that is on par with their white male counterparts has the potential to lead to outsized returns,“ Hamilton said in a recent interview.

Backstage Capital founder – Arlan Hamilton

Backstage Capital plans to invest $1 million checks into 15-20 companies over the next three years, with the remainder of the fund reserved for future financing.

Currently, the firm has invested in more than 80 portfolio companies, and Hamilton expects to make two or three seed investments out of this new fund by the end of the year.


1 Comment

  1. Hello…..I retired from AT&T in March of 2018 after serving 29 years of service. I am interested in starting my own business right here in St. Louis. My area of interest at this time is a Luxury Spa. There are several Asian nail salons and/or beauty supply stores that cater to the black community but do not live or spend their money in our community. Our people flock in their businesses daily to spend their money only to be disrespected. I would like to see our people contributing to a place where they can relax and not feel disrespected. The Asian community does not spend any of their dollars in the Black Community. I feel that it is Time for a change.

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