Cryptocurrencies

Cryptocurrency Venture Fund Launches to Focus on Black Startups

Audacity Capital will support Black, African entrepreneurs
Investors include IDEO CoLab Ventures and Electric Capital

WATCH: Erikan Obotetukudo is starting what could be the first venture-capital fund focused on crypto startups and helmed by a Black woman. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Olga Kharif

June 17, 2021 at 2:39 PM UTC

This article is for subscribers only.

Erikan Obotetukudo is starting what could be the first venture-capital fund focused on crypto startups and helmed by a Black woman.

Audacity Capital LLC is going to invest in cryptocurrency-related startups led by entrepreneurs of Black and African descent, the 29-year-old said in an interview. The Los Angeles-based firm has raised an undisclosed amount from investors including IDEO CoLab Ventures and Electric Capital.