Harlem Capital has upgraded from angel syndicate to full-fledged venture capital fund, closing its debut effort on an oversubscribed $40.3 million, according to TechCrunch.
The firm was launched by managing partners Henri Pierre-Jacques and Jarrid Tingle in New York City’s Harlem neighbourhood in 2015.
The pair have since graduated from Harvard Business School and hired two venture partners, Brandon Bryant and John Henry, and two senior associates to help expand their portfolio. The over-arching goal: invest in 1,000 diverse founders over the next 20 years.
“We fundamentally believe we are a venture fund with impact, not an impact fund,” Pierre-Jacques tells TechCrunch. “The way we generate impact is to give women and minority entrepreneurs ownership.”
Harlem Capital in brief…
We are currently investing out of our $40mm Fund I. We typically make investments of $250k-$750k in Seed and Series A rounds, but can invest $1mm+
Our five pillars
- We invest in founders from all backgrounds, genders and walks of life
- Not only do we aim to invest, but also seek to develop an ecosystem of diverse founders, investors and companies
- We believe good investments are often simple solutions to difficult problems
- We are industry agnostic because we believe the majority of early stage companies have similar development areas
- We strive to provide the most value-add per invested dollar by leveraging our various backgrounds and network