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Equality

Serena Williams’s Venture Capital Fund Raises $111 Million

  • It will focus on founders with diverse points of view
  • Serena Ventures already has a portfolio of 60 companies
Serena Williams

Serena Williams

Photographer: Elsa/Getty Images
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Tennis great Serena Williams has raised $111 million for an early stage venture capital fund with a focus on diversity, the firm said Tuesday.

About three-quarters of the companies backed by Serena Ventures LLC are led by founders from under-represented communities, the firm has said. Founded in 2014, it currently has a portfolio of about 60 startups, according to the New York Times, which reported the news earlier Tuesday.