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Watch onLONDON - Diversity focused venture capital investor Impact X Capital Partners said on Monday it was looking to raise 100 million pounds for its second fund and already has backing from investors including Bank of America.
"The persistent statistics over the last 25 years have been that less than 4% of venture capital goes to women and less than 1% goes to Black entrepreneurs. With our other partners, Impact X plans to make a powerful increase in these stats." As well as several individual investors from Impact X Capital's first fund, the initial investors in the new fund have contributed around 12 million pounds, Impact X Chief Executive and Founding Partner Eric Collins said.
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