BKR Capital Announces the First Close for its $50M Fund II After Top-Quartile Performance of Debut Fund [Yahoo! Finance]
Royal Bank Of Canada (RY)
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Source: Yahoo! Finance
million to back the next generation of globally competitive Black-led technology companies. This close marks a meaningful milestone in expanding funding accessibility for Black founders and diverse teams, building a more inclusive business ecosystem that drives both impact and financial returns. Leading institutional investors have committed to the first close, including the Royal Bank of Canada, Boann Social Impact Fund, Cap Finance Social Finance Fund, the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). The BKR Capital Investment Team (CNW Group/BKR Capital) The announcement follows the strong performance of BKR Capital's inaugural fund, which is currently tracking as a top-quartile performer for its vintage, using Carta's data as benchmark. Through Fund I, the firm invested in 15 technology companies, many of which have experienced meaningful revenue growth and have begun expanding internationally. "From the beginning, our thesis was that there
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