Dec 18th, 2019
London VC Fund Impact X Has 100 Million Pounds to Jump Start Minority-Led Businesses
Paula Groves, partner at Impact X, discusses how the company intends to reverse the trend of under-investment in minority-led businesses. The London-based venture capital firm has raised 100 million pounds ($131 million) and counts VEON Chief Executive Officer Ursula Burns and Tristan Capital Partners CEO Ric Lewis among its co-founders. According to an Atomico report on the state of Europe's technology industry, less than 1% of venture capital is invested in under-represented entrepreneurs. Groves talks with Bloomberg's Naomi Kerbel. (Source: Bloomberg)
