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GR-based VC fund targeting minority-owned companies raises $8.5M in first year

Author: Carol Zichi
Posted Date: January 26, 2021

Credit Mark Sanchez - January 26, 2021 GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.

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Investment fund aims to ensure Grand Rapids is not ‘flyover city for entrepreneurs of color’

Author: Carol Zichi
Posted Date: January 26, 2021

The New Community Transformation Fund, which is based in Grand Rapids, referenced in this file photo was launched in early 2020. The group announced its fundraising progress in a virtual news conference Tuesday. (MLive file photo)

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