Minority Business Accelerator Fund I
The Minority Business Accelerator Fund I (MBA Fund I) was created to address the well-documented gaps and shortfalls in the availability and access to equity and growth capital for entrepreneurs of color and inner-city based businesses seeking scalable business ventures. Nationally less than 1% of equity capital (be that early-stage venture capital or later stage private equity) is invested in African American and Hispanic-owned businesses which perpetuates the preponderance of smaller-scale business enterprises in these communities.
MBA Fund I provides equity and flexible debt investments that enable entrepreneurs of color to purchase existing mainstream businesses with no identified business succession plan as its primary investment thesis. MBA Fund I also provides direct equity and flexible debt investments to existing minority-owned businesses that require an infusion of growth equity capital to help scale the business and optimize enterprise value. Growth equity investments can be used for a variety of purposes including, but not limited to, launching a new product line, investing in new systems and technology platforms, pivoting to a related or complementary industry, and building out a robust management team, to name a few.
Stage of capital: Business Acquistions, Growth Equity
Location: Cincinnati, OH
Fund manager diversity: Black and African American led, Hispanic-Latino led
Diversity focus: Black and African American, Hispanic-Latino
Industry focus: Environmental Sustainability, General Tech- and Tech-Enabled, B2B, Fintech and Payments, Healthcare and Wellness (incl. FemTech), Future of Work and Living (incl. Education/EdTech)
Min and max capital: $500,000 - $5,000,000