Advertisement

Bush Foundation to Invest Up to $1.5M in Brown Venture Group

Gaby M. Rojas
Bush Foundation to invest $1.5M in Brown Venture Group

Brown Venture Group LLC, a Black-owned venture capital firm formed to fund Black, Latinx, and Indigenous technology entrepreneurs, announced today that it will receive an investment of up to $1.5 million from the Bush Foundation.

“We are excited to welcome the Bush Foundation into our diverse and impressive list of Limited Partners in Brown Venture Group Fund One,” says Chris Brooks, co-founder and managing partner of Brown Venture Group. “This commitment signifies that our mission to support Black, Latinx and Indigenous entrepreneurs resonates across a broad spectrum of companies and organizations. We look forward to welcoming additional foundations into the fold.”

The Bush Foundation seeks to have the most possible impact with its resources—and that includes how it invests its own assets. In addition to grantmaking, the Foundation is committed to investing for impact to ensure that people of all backgrounds and identities have access to capital in Minnesota, North Dakota, South Dakota, and the 23 Native nations that share that geography.

“Brown Venture Group is helping to widen the door for investment in Black, Indigenous and Latinx entrepreneurs, who are typically excluded from these opportunities,” says Christopher Romano, COO, Bush Foundation. “We believe in their strategy and purpose, and we are thankful to partner with them in this way.”

Brown Venture Group, which was founded in 2018, kicked off its inaugural fund in 2020 and made its first investment in 2021. Over the past year, Brown Venture Group has made strategic investments in 21 minority-owned companies. In addition, Brown Venture Group recently launched a partnership with multiple tribal governments around the country and is currently expanding that effort to include tribes in the State of Minnesota, with the goal of helping to advance more opportunities for Native American entrepreneurs.

“It has been gratifying to grow the ecosystem of support and to really dig in and break down barriers to success,” Brooks says. “We believe that there is unlimited genius and economic opportunity in communities of color, and we are elated that we have the necessary resources and relationships to capture that value as we invest in these communities.”

Advertisement

Advertisement

Advertisement

Latest Stories...

Funding & Finance

10 Creative Ways to Secure Funding in Tough Times

Tiaera Walker — February 9, 2025

Creating a Plastic-Free Future

BamBhu Innovation — February 7, 2025

How Trump’s New Tariffs Impact Small Businesses

Tiaera Walker — February 6, 2025

Five young Black women standing with their arms around each other smiling for the camera

Black Girl Vitamins Fitness Tour Celebrates Black History Month

MBE Magazine Staff — February 5, 2025

Business trends written in yellow on a black chalkboard

2025 Business Trends Every Entrepreneur Should Know

Tiaera Walker — January 29, 2025

Brick wall with a hole in the middle and money floating in the hole

Breaking Barriers to Funding

J.R. Henry — January 29, 2025

Mosaic outlines of a diverse group of people with Why It Still Matters overlaid on it

The Future of Diversity, Equity, and Inclusion

Michele Joseph — January 29, 2025

Creating Your 2025 Marketing Plan

J.R. Henry — January 26, 2025

Advertisement