A recent study of venture capital funds by dot.LA found that top VCs were nearly 90 percent male. Of that, 72 percent of founders were white. Mendoza Ventures, a five-year-old venture capital fund based in Boston, is working to change those numbers.
The husband-and-wife duo behind the firm is two funds in, and has 10 portfolio companies invested, one acquisition, and houses a family of investors that has grown from Boston to Norway.
Sixty-seven percent of their portfolio is invested in people of color, female, and immigrant founders.
“We’ve got to practice what we preach throughout the organization from who we hire, to who we invest in,” founder Adrian Mendoza said.
“Our goal is to have our investor base be as diverse as our team and our startups,” co-founder Senofer Mendoza said.
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