Fifth Star Funds
Fifth Star Funds is a venture philanthropy fund seeking to address the systemic obstacles that cause only 1% of venture capital to be awarded to Black founders in America. We accomplish this by investing in Chicago’s Black tech founders at the early stage “Friends & Family” round based on objective criteria that more effectively assesses potential and considers the unique challenges Black founders experience. We believe the funding gap at this stage is the most critical to address as centuries of inequity, along with biased pattern matching, limits the capital available for many of these potential entrepreneurs to start and scale their businesses. Any individual, corporation, or foundation can contribute to the fund as a tax-deductible donation, and 100% of all returns from successful investments are reinvested into the fund to support future generations of underrepresented founders. We are partnered with industry leaders such as 1871, Winston & Strawn, Tides.org, and many others to provide tailored support to level the playing field. The Chicago flag features four stars that represent pivotal events in our city’s history; we contend that the Fifth Star belongs to underrepresented founders and the extraordinary impact they will have on our city’s future.fifthstarfunds.com
Founded in March 2020Inaccurate data? Flag it here.
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