Open Opportunity Fund is a technology venture capital fund focused on investing in and partnering with outstanding Black and Latino founders. Opportunity Fund was founded in June 2020 with a $100 million Fund 1 and successfully invested in 75 companies and became known as one of the largest and most prominent funds focused exclusively on Black and Latino founders. Fund 1 was supported by the founding LP of SoftBank Group. In 2023, the team led by Paul Judge and Marcelo Claure acquired the Fund from SoftBank and announced Fund 2 to continue to execute the thesis. Open Opportunity Fund is now raising Fund 2 with the aim of continuing to deliver strong financial performance by backing Black and Latino tech founders. The fund is open to other corporations, institutions, qualified individuals, and other LPs who are committed to this cause.

Opportunity Fund so far has invested $100 million into 75 Black- and Latino-led tech companies, with a portfolio that includes Atomic, Brex, Career Karma, Cityblock Health, Eight Sleep, Esusu, Lendtable, Lumu, Mayvenn, Paystand, Praxis Labs, QuickNode, Squire, and Subject. The fund has had seven exits.

https://theopportunityfund.com/


Funding Platform

Technology

Venture Capital

Open Opportunity Fund

Open Opportunity Fund's headquarters in Miami, United States

Description

People (2)

Hadley Poole

Paul Judge

Jobs