Laurel Mintz launches FabricVC venture capital fund
By 2040 todays minorities will become the primary demographic engine for continued economic growth. Black and LatinX buying power alone represents over $3T in the US. Yet, Black and Latino founders remain underrepresented, receiving ONLY 2.3% of all venture capital dollars raised in the U.S. in 2019. Through its investment, FabricVC will shift this paradigm. Similarly, only 2% of venture funding in 2021 went to female-founded companies despite them statistically performing better.
FabricVC is intended to provide start-up funding for game changing ideas by diverse founders working on big outcomes in four key areas: 1) Gen Z and Gen Alpha-focused fintech, 2) Consumerized healthcare and digital health tools, 3) Platforms for the future of work and; 4) Web 3.0 – a return to open protocols and emerging ownership models and microbehaviors.
FabricVC fund manager Laurel Mintz shares her perspective, After having walked in CEO shoes, I know what a larger impact a fund like this can have for underrepresented founders.
Mintzs experience matched with an inspiring diverse-run portfolio of companies will serve to elevate and support diversity, equity and inclusion throughout venture capital funding. With million dollar funding contributions during the initial phases of ideation, FabricVC is positioned to stitch together a future that is every bit as strong, vibrant, and diverse as the fabric of our country.
About Fabric VC: Our mission is to weave together diverse founders with the funding they need and deserve. Our experience matched with our inspiring diverse-run portfolio companies will elevate and support the need for diversity, equity and inclusion in fundraising. Doing great things together by investing in companies doing great things in the world.
The time is now!
About Laurel Mintz: With a J.D/M.B.A from Rutgers University, Laurel’s background has uniquely prepared her to run a successful fund. Over the last decade, Laurel has created an agency family serving both startups and blue chip global brands like Facebook, Verizon Digital Media Services, PAW Patrol and Zendesk. Laurel’s favorite saying is FIOGID. Figure it out, get it done. And that’s exactly what’s brought the agency top talent and accolades since 2009. She is excited to bring these talents to a new market.
For more information contact:
Eryn Pendergast
Eryn ( @ ) fabricvc dot com
818.452.9880
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