Harlem Capital Raising $150 Million Fund to Support Diverse Founders

Harlem Capital, a Black-led venture capital firm, is making waves in the entrepreneurial landscape with its latest fundraising efforts. According to documents filed with the SEC, the firm is in the process of raising a $150 million fund, which would be its largest to date.

Founded in 2015 by Henri Pierre-Jacques and Jarrid Tingle, Harlem Capital is not just a venture firm but a catalyst for change. With a mission to invest in 1,000 diverse founders, the firm is reshaping the face of entrepreneurship and paving the way for underrepresented communities in the industry.

This new fund, if successfully raised, would mark Harlem Capital’s third fund. In 2021, the firm raised an oversubscribed $134 million, a significant increase from the $40 million raised for its inaugural fund in 2019. The firm’s commitment to diversity and inclusion is evident in its focus on supporting diverse founders and raising funds from diverse limited partners.

Harlem Capital’s previous funds have seen success, with Fund 2 being oversubscribed in the wake of the Black Lives Matter movement. The firm’s dedication to supporting historically marginalized groups has garnered attention and support from the industry.

With a focus on investing in founders from all backgrounds, Harlem Capital manages $174 million in assets and has made over 80 investments, with 12 successful exits. Notable investments include Propense.ai, Poolit, and Gander, among others.

The successful raising of the $150 million fund will not only be a testament to Harlem Capital’s success but also a sign of the industry’s continued support for diverse and underrepresented communities in entrepreneurship.