Open Opportunity Fund
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Investment Firm
Overview
Open Opportunity Fund is a $100 million venture fund that supports Black, Latinx, and Native American founders. The firm is operated by SoftBank Group Corporation.
It was established in 2020 and is based in Miami, FL, United States.
Highlights
Founded
2020
Industry
Information Technology
Employees
11-50
Investment
60
Lead Investment
10
Exits
6
Stages
Early Stage Venture, Seed, Late Stage Venture
Investor Type
Venture Capital
Location
Atlanta, Georgia, United States, North America
Contact Information
Social
Profile Resume
Open Opportunity Fund, established in 2020 and headquartered in United States, North America., specializes in Early Stage Venture, Seed, Late Stage Venture investments across E-Commerce, Energy, CleanTech, Shipping, Ride Sharing, Air Transportation, Financial Services, Venture Capital, Finance, Asset Management. The organization boasts a portfolio of 60 investments, with an average round size of $16.6M and 6 successful exits. Their recent investments include Cloverly, Grotech Ventures, BIP Ventures, Impact Engine, Tech Square Ventures. The highest investment round they participated in was $81.0B. Among their most notable exits are Cloverly and Grotech Ventures. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
Open Opportunity Fund has made 60 investments. Their most recent investment was on Nov 04, 2022, when Emerge Career raised $3.2M.
Open Opportunity Fund has made 55 diversity investments. Their most recent diversity investment was on May 11, 2023, when Cloverly raised $19.0M.
investments
60
Diversity investments
55
Lead investments
10
Number of exits
6
Investments
60
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Aug 04, 2022 | Lumu | Network Security | 8.0M |
| Oct 27, 2022 | - | - | 35.0M |
| Nov 04, 2022 | Emerge Career | Communities | 3.2M |
| May 11, 2023 | Cloverly | E-Commerce | 19.0M |
Exits
6
Funding Timeline
Funding rounds
60
Investors
0
Funds
0
Funding Rounds
60
Open Opportunity Fund has raised 60 rounds. Their latest funding was raised on May 11, 2023 from a Series A - Cloverly round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Aug 04, 2022 | Venture Round - Lumu | - | 8.0M | - |
| Oct 27, 2022 | Series B - Resilia | - | 35.0M | - |
| Nov 04, 2022 | Seed Round - Emerge Career | - | 3.2M | - |
| May 11, 2023 | Series A - Cloverly | - | 19.0M | - |
Investors
0
There is no funding round available on this profile
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Feb 29, 2024
Crunchbase News - Atlanta, Boston And Bay Area Lead Way In Dramatic Funding Decline To Black Startup Founders
News
Feb 27, 2024
Crunchbase News - Drop In Venture Funding To Black-Founded Startups Greatly Outpaces Market Decline
News
Feb 09, 2024
peopleofcolorintech.com - Paul Judge And Marcelo Claure Are Raising $200M For Their Open Opportunity Fund For Diverse Startups
Funding Round
May 11, 2023
Cloverly raised $19000000 on 2023-05-11 in Series A
Funding Round
Nov 04, 2022
Emerge Career raised $3200000 on 2022-11-04 in Seed Round
Funding Round
Oct 27, 2022
Resilia raised $35000000 on 2022-10-27 in Series B