By HWM
Harlem Capital is aiming to raise a $150 million fund, according to SEC filings.
If successful, this will be the firm’s largest fund to date, surpassing the $134 million raised in 2021 and the $40 million inaugural fund in 2019.
“… focused on … post-product companies … in consumer and enterprise tech sectors.”
Founded in 2015 to support diverse founders, Harlem Capital’s second fund focused on early-stage, post-product companies, particularly in consumer and enterprise tech sectors. Currently managing $174 million in assets, the firm has made over 80 investments with 12 successful exits. Notable investments include Propense.ai, fintech company Poolit, and e-commerce platform Gander.
Despite not responding to requests for comment, Harlem Capital’s commitment to raising funds from diverse limited partners is expected to continue. This mission aligns with its goal of supporting the next generation of diverse founders.
“… a … challenging environment marked by a backlash against diversity and inclusion …”
Harlem Capital’s oversubscribed Fund 2 came in the wake of the Black Lives Matter movement, amid industry-wide pledges to support marginalized groups. Now, as they seek to raise their third fund in a more challenging environment marked by a backlash against diversity and inclusion, the successful raising of this $150 million fund would highlight both the firm’s and the industry’s continued belief in backing underrepresented talent.
Photo credit: Harlem Capital.
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