US-based CapStone Holdings has launched GameAbove Capital — a $50 million private venture fund focused on minority- and women-operated businesses offering sustainability-related products and services.
Adding to the arsenal of tools such as the Wisdom
Fund
that aim to level the playing field for underserved demographics, GameAbove
Capital looks to match successful, mission-driven, expansion-staged
entrepreneurial ventures by women and people of color with opportunities for
thoughtful acquisitions, joint ventures and equity financing. Investment targets
include, but are not limited to, products and services that further progress
toward many social and environmental issues addressed in the Sustainable
Development Goals — including mobility, learning and workforce development,
and protecting clean water.
“Access to capital remains one of the main barriers to women and minority
entrepreneurs,” said Heather Stone, a co-founder of CapStone Holdings.
“GameAbove Capital provides a much-needed resource for women and minorities who
clearly demonstrate leadership, ingenuity and business acumen, as well as
innovation in the sustainability space.”
CapStone says it is launching the fund now in part to provide further stability
for mission-driven enterprises impacted by the
coronavirus.
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Published May 26, 2020 8am EDT / 5am PDT / 1pm BST / 2pm CEST
Sustainable Brands Staff