Overlooked Ventures has raised enough to make its first investments

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Overlooked Ventures LP, a firm focused on investing in diverse founding teams, has raised enough in five months to back its first four startups, with a fifth deal in process.

Founded in May, the fund has commitments of $8.5 million toward a two-year goal of $50 million. Founding partners Janine Sickmeyer and Brandon Brooks started closing deals with startups right after hitting $5 million, instead of the typical practice of waiting for at least one-fifth of the fund to be raised, Sickmeyer said.

“We said, ‘No, we’re changing things,;” she said. “We wanted to start deploying capital into these startups immediately.”

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published November 5, 2021.

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