Baltimore-based firm Conscious Venture Partners announced today that it has raised just over 30% of its funding goal for a new fund that will invest in Baltimore’s women- and minority-owned businesses. The fund, known as the Conscious Venture Fund II, has raised $15.8 million with the ultimate goal of reaching $50 million. It is on track to becoming the largest minority-managed fund in the City of Baltimore, according to a Tuesday news release. The initiative’s lead local investor is Sagamore Ventures, the investment arm of Kevin Plank, Under Armour’s founder, which has committed $2.5 million to the fund.
$15.8M raised for what aims to be Baltimore’s largest minority-managed fund
July 13, 2022
