Bloomberg has backed Unshackled Ventures, which facilitates the launch of companies by migrants and immigrants in the US, helping it reach a $20m close for its second fund.
US-based venture capital firm Unshackled Ventures has raised $20m for its second fund from limited partners (LPs) including Bloomberg Beta, media company Bloomberg’s data-focused investment arm.
AME Cloud Ventures, the investment vehicle of internet company Yahoo co-founder Jerry Yang; social impact organisation Emerson Collective and Brad Feld, managing director and co-founder of VC firm Foundry Group, are also among the fund’s LPs.
Unshackled Ventures was launched in 2015 and concentrates its investments in companies founded by immigrants, and migrants on…
