Progressive Technological Ventures: In Unwavering Pursuit of Diversity Amid Rising DEI Opposition
Black Tech Nation Ventures launched in 2021 to address the funding gap for Black founders amid a wave of venture diversity initiatives after the murder of George Floyd in 2020.
Three years later, amongst growing backlash against DEI and diversity-focused investments, the firm’s mission may be more important now than when it started.
The firm found initial fundraising success in 2021, and held a first close on $25 million that year, he explained.
“We have seen funding to diverse founders and Black-led venture funds decline rapidly.
The firm will also collaborate with Black Tech Nation, the nonprofit that is run by BTNV general partner Kelauni Jasmyn that created a digital network of Black tech professionals, when it can.
