$20M fund for minority entrepreneurs launches with deep Cincinnati ties

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A new fund is scouting the Midwest region for investments, with the ultimate goal of providing early-stage capital to underrepresented founders.

Sixty8 Capital is the brainchild of Kelli Jones, its managing partner who is based in Indianapolis, and Paul Ehlinger, a Cincinnati-based venture capitalist with Allos Ventures, which is helping provide back-office support to Sixty8 Capital. This week, Jones and Ehlinger announced they have closed the first part of a $20 million fund to invest in 25 to 30 pre-seed and seed-stage companies led by founders who are traditionally passed by other investors. This includes Black, Latino, LGBT and women founders, among others.

Click here to read the complete story.

Story excerpt provided by Cincy Inno.

Written by Meg Garner.

Originally published May 13, 2021.

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