Identity.vc funding news – Berlin-based Identity.vc Secures €50Million fund for LGBTQ+ Founders

Four investments have been made by the Art. 9 SFDR social impact fund thus far. These include London-based Omni, which sells nutritious vegan dog food, and Berlin-based Frontnow, which provides an AI solution for online shops.

The fund, which primarily targets European companies between pre-seed and Series A, invests in early-stage startups with LGBTQ+ representation at the founder or C-level.

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Investors want to safeguard and support diverse founding teams. Data from Proud Ventures indicates that 75% of LGBTQ+ founders hide their identities from investors, which has detrimental effects on their health and cognitive function.

They mocked "untapped potential" in a statement, and Founding Partner Til Klein said, "Diversity is an attractive investment case." Several studies demonstrate the superior performance of diverse teams.

The fund's team includes Principal Mari Luukkainen, an ex-growth operator and investor at icebreaker.vc, Founding Partner Jochen Beutgen, a 20-year veteran of family office venture capital investing, and Founding Partner Til Klein, a former BCG partner, UBS banker, and FinTech founder.

About identity.vc

The first LGBTQ+ venture capital impact fund in Europe is called identity.vc. Their investment strategy involves post-product, early-stage enterprises that have LGBTQ+ representation at the founder or C-level. Their target companies range from pre-seed to Series A, particularly in Europe.