At a Glance
New Voices Fund was launched in 2018 as a partnership between Unilever Ventures and several prominent female entrepreneurs to address the significant funding gap faced by women of color in venture capital. The fund was created in response to data showing that less than 1% of venture capital funding goes to startups founded by women of color, despite this demographic representing one of the fastest-growing segments of entrepreneurs. The initiative focuses exclusively on early-stage consumer companies founded by women of color, providing both capital and mentorship to help these entrepreneurs scale their businesses. New Voices Fund represents a targeted approach to diversifying the venture capital ecosystem by specifically addressing systemic inequities in funding access. The fund leverages Unilever's consumer expertise and distribution capabilities while providing portfolio companies with access to a network of successful female entrepreneurs and business leaders.
“Investing exclusively in consumer companies founded by women of color entrepreneurs.”
New Voices Fund primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.
New Voices Fund is headquartered in New York, NY. Many of their portfolio companies are also based in this region, though they invest across geographies.
New Voices Fund focuses on investments in Consumer. Their portfolio reflects deep expertise and networks within these sectors.
New Voices Fund's typical investment check size ranges from $50K to $250K. Actual amounts may vary based on the stage, sector, and specific opportunity.
New Voices Fund manages approximately $15M in assets under management (AUM) across their funds.
