L’Attitude Ventures, a San Diego, CA-based enterprise capital agency, closed its first institutional fund, at over $100 million.
The fund was supported by way of a strategic anchor funding by JPMorgan Chase and preliminary investments from Trujillo Group and Financial institution of America. Different key traders on this fund, which is aimed solely at investing in Latina(o)-owned corporations with excessive development potential, embody UC Investments and MassMutual, Barclays, Royal Financial institution of Canada, Polaris Restricted Companions (Oscar Munoz), Cisco Investments by way of its Aspire Fund, Churchill, an affiliate of Nuveen, and Morgan Stanley.
Led by Sol Trujillo, Oscar Munoz, Gary Acosta, Kennie Blanco, and Laura Moreno Lucas, L’angle Ventures is a purpose-driven enterprise capital agency on a mission to rework the VC ecosystem for the New Mainstream Financial system, pushed by the Latina(o) development cohort.
The newly accomplished fund presents a one-of-a-kind alternative to make investments in probably the most under-invested and under-catalyzed demographic with super current and future development.
The agency supplies a number of layers of help to U.S. Latina(o)-owned companies. The primary is thru creating visibility for these corporations through which L’Angle has invested. The second layer is derived by way of mentoring. The agency supplies international working and management expertise, together with two former Fortune 150 CEOs as GPs, to founders at vital phases of scale. The third is with connections, because the companions can present distinctive connections to corporations and distribution channels for founders to develop their corporations by shortening cycle time to corporations, thus shortening buyer acquisition and distribution cycles.