Much of the Harlem Capital team, including Brandon Bryant, Gabby Kazeau, Kelly Goldstein, Henri Pierre-Jacques and Jarrid Tingle, from left. Harlem CapitalWhen Henri Pierre-Jacques and Jarrid Tingle set out to raise their first venture capital fund in 2018, they had to convince the industry’s traditional backers that their firm, Harlem Capital, was more than a fad. Harlem Capital has raised a second fund of $134 million, its founders say, to back 45 mostly seed-stage companies with founders who are women and people of color. From that $40 million first fund, Pierre-Jacques, Tingle and colleagues invested in 23 companies to date, including 11 Black cofounders and 10 women. Harlem Capital expects to invest across the U.S. — of its 23 portfolio companies to date, most hail from outside California or New York.

Source: Forbes March 31, 2021 12:22 UTC