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Community of outstanding Black, Latinx and Native American founders.
SB Opportunity Fund is a $100 million venture fund dedicated to supporting and building a community of outstanding Black, Latinx and Native American founders. Launched in June 2020, the SB Opportunity Fund invests in U.S. companies led by founders and entrepreneurs of color at the seed, venture, and growth stages that use technology to reimagine traditional business models and create new ones. Visionary Black, Latinx, and Native American entrepreneurs are vastly underrepresented in both the tech industry and venture capital community and face unfair barriers in their journeys. As the largest fund of its kind, the SB Opportunity Fund is uniquely positioned to address these issues head on.
The Fund is led by Marcelo Claure, Chief Executive Officer of SoftBank Group International and Chief Operating Officer of SoftBank Group Corp. Stacy Brown-Philpot, former CEO of TaskRabbit and former Entrepreneur-in-Residence at Google Ventures, Paul Judge, co-founder of TechSquare Labs and Pindrop, and Shu Nyatta, Managing Partner at SoftBank Group International, serve as the inaugural members of the Fund’s Investment Committee.
SoftBank Group will be the Fund’s primary limited partner, with an in...
SB Opportunity Fund is a $100 million venture fund dedicated to supporting and building a community of outstanding Black, Latinx and Native American founders. Launched in June 2020, the SB Opportunity Fund invests in U.S. companies led by founders and entrepreneurs of color at the seed, venture, and growth stages that use technology to reimagine traditional business models and create new ones. Visionary Black, Latinx, and Native American entrepreneurs are vastly underrepresented in both the tech industry and venture capital community and face unfair barriers in their journeys. As the largest fund of its kind, the SB Opportunity Fund is uniquely positioned to address these issues head on.
The Fund is led by Marcelo Claure, Chief Executive Officer of SoftBank Group International and Chief Operating Officer of SoftBank Group Corp. Stacy Brown-Philpot, former CEO of TaskRabbit and former Entrepreneur-in-Residence at Google Ventures, Paul Judge, co-founder of TechSquare Labs and Pindrop, and Shu Nyatta, Managing Partner at SoftBank Group International, serve as the inaugural members of the Fund’s Investment Committee.
SoftBank Group will be the Fund’s primary limited partner, with an initial investment of $100 million. The Fund will donate a portion of the gains from its investments to organizations focused on creating opportunities for people of color and will also reinvest a portion into subsequent funds with a similar mission and focus.
The SB Opportunity Fund is a $100 million venture fund aimed at supporting Black, Latinx, and Native American entrepreneurs. Established in June 2020, the Fund focuses on U.S. companies led by minority founders in seed, venture, and growth stages, utilizing technology to innovate business models. By addressing racial disparities in tech and venture capital, the Fund helps underrepresented groups face fewer obstacles in their entrepreneurial journeys.
The SB Opportunity Fund is spearheaded by Marcelo Claure, the CEO of SoftBank Group International, alongside investment committee members Stacy Brown-Philpot, Paul Judge, and Shu Nyatta. They bring extensive experience from roles in tech innovation, venture capital, and business leadership, guiding the Fund to support minority entrepreneurs in the U.S. tech industry.
Investing in the SB Opportunity Fund offers the opportunity to support minority entrepreneurs, specifically Black, Latinx, and Native American founders, who are traditionally underrepresented in the tech and venture capital sectors. The Fund not only addresses social equity but also aims for financial returns, reinvesting a portion into similar initiatives and donating part to organizations benefiting people of color.
Unlike many venture capital funds, the SB Opportunity Fund is dedicated specifically to minority founders in the U.S., focusing on Black, Latinx, and Native American entrepreneurs. It combines financial backing with a mission to dismantle systemic barriers in tech entrepreneurship and reinvests gains into avenues that foster diversity and inclusion, positioning it uniquely in the asset management and community-building space.
The SB Opportunity Fund holds significance as the largest of its kind dedicated exclusively to underrepresented minority founders in the tech sector. By highlighting and addressing racial disparities in venture capital, it not only offers funding but also acknowledges the systemic obstacles these entrepreneurs face, setting a precedent for other funds in the industry to follow suit in driving social change and economic inclusivity.
If you are a Black, Latinx, or Native American entrepreneur seeking funding from the SB Opportunity Fund, familiarize yourself with the Fund's focus on tech-driven innovation and reimagining business models. Prepare a compelling business plan that aligns with these objectives, and consider reaching out through professional networks or directly contacting the Fund to present your venture, ensuring a strong alignment with their mission and values.
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