Conscious Venture Partners has raised $15.8 million for Conscious Venture Fund II which has a target size of $50 million.
Sagamore Ventures – the investment arm of Under Armour founder Kevin Plank – has made a $2.5 million commitment to the Baltimore-based fund.
Conscious Venture Partners seeks out minority and women founders to invest in entrepreneurs that others are ignoring for all the wrong reasons. They support companies that are using technology to break down barriers to access and create a more equitable society, including in the healthcare, food, technology, media, mobility, and education industries.
Conscious Venture Partners believes businesses that practice a more holistic or “Stakeholder” form of capitalism create financial, as well as societal, value. As such, most companies funded by Conscious Venture Partners are graduates of its Conscious Venture Lab accelerator programme.