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Illumen Capital doubles down on supporting underrepresented funds
Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of
Speaking to TechCrunch, Dodson said, “During terms of economic uncertainty, political polarization, and concerns of ongoing inflation, we’ve seen biases increase,” Dodson told TechCrunch, adding that these biases are also playing out in the venture space, where billions of capital are still going to the same people. When asked about fundraising, Dodson said that the firm was fortunate enough to have “established deep relationships,” with limited partners that are “committed to backing the next generation of VC and PE managers.” The fund will look generally at managers working in education, health and wellness, financial inclusion, climate, and sustainability, he said.
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