Kapor Capital's new crew is raising an opportunity fund

  • In Business
  • 2023-02-03 23:48:06Z
  • By TechCrunch

Four months after closing its largest fund to date, Kapor Capital wants more. The firm is under new leadership after co-founders Freada and Mitch Kapor stepped back from the outfit, which focuses on funding social impact ventures and founders of color. Now, led by Uriridiakoghene "Ulili" Onovakpuri and Brian Dixon, Kapor Capital is hoping to raise a $50 million opportunity fund, according to an SEC filing.

The opportunity fund, if closed, would continue Kapor Capital's new strategy of taking capital from outside investors. Up until last year, all of Kapor's funds were directly from the founding partners; in September, though, the firm closed a $126 million Fund 3 backed by investors including Cambridge Associates, Align Impact, Ford Foundation, Bank of America, PayPal and Twilio.

At the time, Dixon told TechCrunch that turning to external investors helps the firm with access; Kapor is now writing checks between $250,000 and $3 million with a primary focus on participating in pre-seed and seed rounds. Onovakpuri said the larger fund would allow them to invest in more companies with bigger checks.

That said, with presumably a fresh chunk of capital to deploy, why would Kapor be eyeing an opportunity fund? It's a trend-turned-standard among early-stage venture capital firms that want to get in on later rounds of their star portfolio companies. Last year, Khosla debuted its an opportunity fund and last week, Cowboy raised its first of the kind as well.

Kapor Capital did not immediately return a request for comment.


Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


  • Cheapest SMM Panel
    (2023-02-04 09:16:05Z)

    I came across your blog today while I was just randomly browsing. Just wanted to say thanks for the great blog and how much this article helped me find what I was looking for.

  • credit card processing sales
    (2023-02-04 11:57:19Z)

    Found your blog in the yahoo bulk shirts warehouse directory, very nice job, thanks. Screen printing could further supply for all types of other substrates from plastic to metal. Despite the fact that tiny and complex details can be gathered, screen printing is preferably ideal for bold and graphic designs.


Top News: Business