H/L Ventures wraps up second early-stage fund at $24m

CityRock launches second fund to back founders from diverse backgrounds

H/L Ventures has successfully closed its second early-stage venture capital fund, CityRock Fund II, at $24 million. This fund will focus on investing in early-stage startups that address challenges in various sectors, including climate and energy, healthcare, fintech, protective industries, and the future of work. The launch of this fund underscores H/L Ventures' commitment to supporting diverse founders, with nearly 85% of the portfolio companies led by underrepresented backgrounds. CityRock Fund II aims to provide an average check size of $2 million and includes provisions for follow-on investments in previously supported companies.

H/L Ventures

H/L Ventures helps mission-driven founders build valuable companies from inception to exit, focusing on growth, impact, and diversity. It provides a holistic company-building ecosystem.

VC:H-L

H/L Ventures

Analysis Not Available