Open Opportunity Fund
Overview
The Open Opportunity Fund is a venture capital fund established by SoftBank Group in June 2020, dedicated to investing in U.S. companies founded by Black, Latinx, and Native American entrepreneurs. The fund aims to build a community of founders and investors who have been historically overlooked in venture capital, providing them with access to SoftBank Group's extensive network and resources. In March 2022, the fund transitioned into an uncapped, evergreen structure, allowing for continued investment in visionary underrepresented founders. The fund's investment strategy focuses on technology companies that leverage cloud and AI to develop next-generation B2B software solutions. Its portfolio spans various sectors, including enterprise IT, fintech, and health tech. The Open Opportunity Fund has invested over $75 million in more than 70 companies, supporting founders who are reimagining traditional business models through innovative technology. The fund's leadership includes experienced investors, operators, and innovators who offer portfolio companies access to the global SoftBank Group ecosystem. The Open Opportunity Fund's approach, referred to as VC², emphasizes providing more than just capital and connections; it offers founders access to a unique community committed to their growth and success. This comprehensive support aims to empower underrepresented founders to scale their businesses and achieve long-term success.
Investment Focus
- U.S. Black, Latinx, or Native American-founded tech companies seeking funding
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Open Opportunity Fund
What sectors does Open Opportunity Fund invest in?
Open Opportunity Fund invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in North Atlanta, United States. Open Opportunity Fund is listed as a venture capital in the ConnectSafely investor database.
What stage does Open Opportunity Fund invest at?
Open Opportunity Fund backs companies at Seed, Early Stage and Growth.
Which regions does Open Opportunity Fund invest in?
Open Opportunity Fund invests across United States.
Who are the partners at Open Opportunity Fund?
Team members listed for Open Opportunity Fund include Sháka Rasheed (General Partner | Head of Capital Development and Portfolio Value Creation) and Nancy Torres (Senior Vice President).
What companies has Open Opportunity Fund invested in?
Open Opportunity Fund's portfolio includes Rebellyous Foods, Career Karma, Greenwood, Praxis Labs, OjaExpress, Proven, Script Health and Shyft.
How do I contact Open Opportunity Fund?
Open Opportunity Fund's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
