11:25:16 PM PDT - Saturday, August 13th, 2022

L’Attitude Ventures closes on $100M fund to back Latino founders of early-stage startups  

By Editor - Wed Aug 03, 6:41 am

Latino founders of early-stage companies based in the U.S. just got a new potential source of capital. L’Attitude Ventures announced today that it has closed on its first institutional fund, raising more than $100 million from several financial services heavyweights, including a “strategic anchor investment” from JPMorgan Chase. The San Diego, California-based firm is looking to solely invest in Latina(o)-owned seed to Series A companies with “high growth potential.” L’Attitude’s decision to only back Latina(o)-owned companies that are based in the U.S., and not those with headquarters in Latin America, stems from the fact that U.S.-based Latinos create 50% of all new employer-based businesses and wield $2.7 trillion in economic power, according to partner Laura Moreno Lucas.

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L’Attitude Ventures closes on $100M fund to back Latino founders of early-stage startups

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