Port Covington-based business accelerator Conscious Venture Partners announced yesterday that it raised $15.8 million for its Conscious Venture Fund II. Conscious Venture Partners is hoping to raise a total of $50 million for the fund.
Conscious Venture Partners “seeks out minority and women founders to invest in entrepreneurs that others are ignoring for all the wrong reasons.” They “support companies that are using technology to break down barriers to access and create a more equitable society, including in the healthcare, food, technology, media, mobility, and education industries.”
The $15.8 million raised includes $2.5 million from Kevin Plank’s Sagamore Ventures, as well as additional investments from Steve Bisciotti’s Point Field Partners, Capital Funding Group, Robb Merritt, Mary Miller, and Guy Filippelli. Outside of these local investors, Conscious Venture Partner received a $5-million commitment from the UFCW – Northern California Employers Joint Pension Plan, a Concord, California-based pension fund.
The funds raised by Conscious Venture Partners support businesses like Fearless Sports, “a Baltimore-based social impact clothing company founded by Baltimore Business Journal Power 10 winner, Delali Dzirasa;” Outlook Enterprises, “the first ever digital production studio to be located in East Baltimore,” founded by ex-Baltimore Raven Trevor Pryce; and HeyZRO, a unique metaverse e-commerce platform which is one of “the first to be founded in Baltimore by a Black-woman technologist.”
