1863 Ventures Addresses Shortfall of Capital for Black and Brown Entrepreneurs by Investing in 13 Portfolio Companies

 1863 Ventures Addresses Shortfall of Capital for Black and
Brown Entrepreneurs by Investing in 13 Portfolio Companies

WASHINGTON, PRNewswire -- 1863 Fund is 1863 Ventures’ multi-sector investing strategy for New Majority entrepreneurs (i.e., business owners who have been historically marginalized).

Established in 2020, 1863 Fund provides capital to 13 Black, Brown and women-owned businesses, with more than $2 million in non-predatory financing to accelerate entrepreneurs from high potential to high growth and to reduce barriers for these founders across the nation.

“Our thesis is that entrepreneurship is becoming an increasingly viable pathway for the New Majority to build wealth; however,
this is not achieved without historical headwinds,” says Melissa Bradley, Founder and Managing Partner of 1863 Ventures. “It
costs at least a quarter of a million dollars more for a Black founder to create the same exact business as their white peers. Based on structural racism and generations of economic
deprivation—with all the challenges marginalized people continue to endure—it is unrealistic to expect a New Majority company
to have the same trajectory and growth as their white counterparts.”

To this end, 1863 Fund is dedicated to improving the state of innovation and entrepreneurship for both New Majority founders and ecosystem builders alike by stimulating member companies via equity investments or alternative, revenue-based financing models. Nationwide, the fund invests strategic capital across industries, including fintech, software, hair care and
beauty supply, healthcare, and baked goods.

The challenges of coronavirus will persist. It is crucial for portfolio companies to remain nimble and adapt to evolving markets.
Amid the volatile business environment, 1863 Fund has provided much-needed cash flow to increase the survivability of
portfolio companies and maintain their profitability.

Learn more at 1863ventures.net.

Latest Stories

---

• 1,500 CHILDREN TURN ENGLEWOOD VACANT LOTS INTO A HALLOWEEN CELEBRATION OF HOPE
• As Domestic Violence Awareness Month and Breast Cancer Awareness Month End, Englewood Family Scarred by Both Holds Vigil on a Street in the Neighborhood They Have Called Home for More Than 50 Years
• Illinois Lottery Launches CASH POP, a New Draw Game Where Just One Number Can Win
• As Domestic Violence Awareness Month and Breast Cancer Awareness Month End, Englewood Family Scarred by Both Holds Vigil on a Street in the Neighborhood They Have Called Home for More Than 50 Years
• Two-year pilot will bring mobile testing directly to families in six neighborhoods where many children ages 1 to 3 have not been tested

---

---

---

---

Latest Podcast

Civic and Chicago Politics