Arlan Hamilton is the founder of Backstage Capital, a venture capital firm designed to support under represented founders on their pathway to success. Hamilton has been in the venture capital space for years and has continued to garner more and more investment throughout her time in the space.
Recently, Hamilton was able to raise $36 million for a new fund within Backstage Capital and is looking to use the money to support black female founders. This new fund will look to invest in black women founders, $1 million at a time in their early rounds.
The new fund is a continuation on the support diversity has received over the past year and a half. Since President Trump’s election, initiatives in support of diversity and inclusion have seen historic support with the diversity industry showing no signs of drop off. For it’s newest fund, Backstage Capital “collected support from some of the giants of investment in Silicon Valley, including David Rose, Marc Andreessen, Aaron Levie, Swati Mylavarapu and Crystal English, to name a few.”
It seems that the sky is the limit for Hamliton who recently tweeted “They’re calling it a ‘diversity fund’. I’m calling it an IT’S ABOUT DAMN TIME fund.