Zeal Capital Partners has secured $22.3m for its debut fund, which was anchored by PayPal as part of a $50m diversity commitment.
Digital payment processor PayPal has anchored a $22.3m close for a fund being raised by inclusive investment firm Zeal Capital Partners, the latter confirmed yesterday.
Zeal Capital follows a strategy centred on investing in portfolio companies with management teams from underrepresented minority groups. It targets companies developing financial technology and products focusing on the future of work.
The firm was one of several backed through a $50m commitment by PayPal to diverse funds that it recently revealed.
Nasir Qadree,…
