Fifth Star Funds is a philanthropic venture fund seeking to address the funding epidemic in America where less than 1% of venture capital is awarded to Black founders. We accomplish this by investing in underrepresented tech founders at the early stage “Friends & Family” round. We believe the funding gap at this stage is the most critical to address, as centuries of inequity have prevented these potential entrepreneurs from having the initial capital to start their businesses. Any individual, corporation, or foundation can contribute to the fund as a tax-deductible donation, and 100% of all returns from successful investments are reinvested into the fund to support future generations of underrepresented founders. We are partnered with leaders in the industry such as 1871, Winston & Strawn, and many more. The Chicago flag features four stars that represent pivotal events in our city’s history; we contend that the Fifth Star belongs to underrepresented founders and the extraordinary impact they will have on our city’s future.

Venture Capital

Non Profit

Social Impact

Fifth Star Funds

Fifth Star Funds' headquarters in Chicago, United States

Description

People (7)

Stella Ashaolu

Tim Huelskamp

Osayanmo Osarenkhoe

Tracey Suppo

Nate Pelzer

Kyle Backer

Samir Mirza

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