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.
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Story excerpt provided by Cincy Inno.
Written by Meg Garner.
Originally published May 13, 2021.