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Monday, August 15, 2022

Danish VC firm has launched €30M fund to invest in startups with diverse team

Copenhagen-based firm Unconventional Ventures takes a stand against the traditional investment landscape and announces its €30M fund to support underrepresented founders on their way to building scalable impact tech companies in the Nordics and beyond. Unconventional Ventures invests in startups in the pre-seed and seed stage led by diverse founders identifying as women, people of color, immigrants and/or LGBTQ+.

Led by General Partners Thea Messel and Nora Bavey, Unconventional Ventures will be helping out startups with diverse teams at pre-seed and seed stage across Europe. With this fund, the firm aims to back climate tech, healthtech, edtech and fintech startups with underrepresented founders who have built their businesses to contribute the environment and make an impact.

As we all know, businesses with female founders or mixed teams receive less funding than those with male founders. The common belief is that this must change. However, report after report, the results show no significant change at all. Based on this, Unconventional Ventures offers a different approach to this issue. Accordingly, talking about how much investment startups receive may impose an implicit responsibility on them, and it gives the impression that these investments are obtained directly through their individual efforts. Unconventional Ventures is driven by the idea of making an impact on the choices made by investors. To do so, they reverse this psychology while talking about their findings and draw attention to investors’ activities rather than focusing on the startups’.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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