Korra Ventures, a London-based investment group targeting “underrepresented founders”, has launched with the aim of deploying £50m over the next decade.
The group launched based on the theory that the next crop of £100m+ businesses will be built by entrepreneurs outside of the mainstream, tackling sustainable development goals.
Korra Ventures will therefore centre its focus on women and ethnic minority founders, who receive a fraction of total VC investment, developing solutions in line with the United Nations’ Sustainable Development Goals.
The group was founded by Tania Rahman, who has held senior roles at Foresight Group and Praetura Ventures, Dr. Thomas Schreiber, an early employee at Shazam and ex-business unit lead at Google, and Dirk Bischof, who founded accelerator group Hatch.
“We’ve seen founders with game-changing solutions get dismissed in five-minute pitch meetings, while their well-connected counterparts raising for less impactful ideas walk away with term sheets,” said Rahman.
“Korra Ventures has been created to fix this issue in the capital markets and ensure investment can reach the brilliant underrepresented entrepreneurs that the industry is currently not serving, building the next generation of £100m+ companies in the process.”
The investment group will focus on post-revenue startups that have already validated their market fit. Korra is targetting companies with 10x return potential over 10 years.
The angel investment syndicate is currently welcoming investors and founders into its network.
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