BKR Capital has closed CA$20 million (approximately $14.5 million) for its second venture fund, bringing it closer to its CA$50 million target. The Toronto-based firm plans to invest in high-growth technology companies led by Black founders, focusing on solutions for work, living, and global connectivity. The average check size will range between $250,000 and $1.5 million, targeting companies that can leverage global market access from day one due to founders' immigrant backgrounds. Birikundavyi emphasized that this approach is less about DEI and more about identifying overlooked markets with outsized opportunities.
Source: TechCrunch Venture · Summarized by HeadlinesBriefing