Korra Ventures, a London-based funding group focusing on “underrepresented founders”, has launched with the intention of deploying £50m over the subsequent decade.
The group launched based mostly on the speculation that the subsequent crop of £100m+ companies might be constructed by entrepreneurs outdoors of the mainstream, tackling sustainable growth objectives.
Korra Ventures will due to this fact centre its concentrate on ladies and ethnic minority founders, who obtain a fraction of whole VC funding, creating options in step with the United Nations’ Sustainable Improvement Targets.
The group was based by Tania Rahman, who has held senior roles at Foresight Group and Praetura Ventures, Dr. Thomas Schreiber, an early worker at Shazam and ex-business unit lead at Google, and Dirk Bischof, who based accelerator group Hatch.
“We’ve seen founders with game-changing options get dismissed in five-minute pitch conferences, whereas their well-connected counterparts elevating for much less impactful concepts stroll away with time period sheets,” mentioned Rahman.
“Korra Ventures has been created to repair this situation within the capital markets and guarantee funding can attain the sensible underrepresented entrepreneurs that the business is presently not serving, constructing the subsequent era of £100m+ firms within the course of.”
The funding group will concentrate on post-revenue startups which have already validated their market match. Korra is targetting firms with 10x return potential over 10 years.
The angel funding syndicate is presently welcoming buyers and founders into its community.
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