Catherine Lenson and Brett Rochkind have come onboard at SoftBank's newly uncapped Opportunity Fund, which will continue investing in minority-owned businesses.
Japan-headquartered internet and telecommunications conglomerate SoftBank disclosed yesterday it is converting its $100m SB Opportunity Fund to an evergreen vehicle to continue investing in underrepresented founders.
The fund was launched in June 2020 with $100m and has since invested in more than 70 technology companies founded by black, Latinx and Native American founders in the United States.
The vehicle will continue to invest as an uncapped evergreen fund, with new cohorts reaching beyond the US. Some 55% of its portfolio…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
