(Pictured from left: Jarrid Tingle, Brandon Bryant, John Henry and Henri Pierre-Jacques of Harlem Capital Partners)
The Consumer Technology Association (CTA) today announced the selection of the first two funds it will invest in as part of CTA’s $10 million commitment to venture firms and funds that invest in women, people of color and other underrepresented entrepreneurs – Harlem Capital Partners and SoGal Ventures.
Harlem Capital Partners is a New York-based minority-owned early-stage venture capital firm with a mission to change the face of entrepreneurship by investing in 1,000 diverse founders over the next 20 years. SoGal Ventures is the first female-led, millennial venture capital firm and invests in early stage diverse founding teams in the U.S. and Asia.
“For innovation to reach its fullest potential, different voices and perspectives must have an opportunity to come together in our workforce,” says Tiffany Moore, senior vice president of political and industry affairs for CTA. “CTA is committed to finding solutions through education, investment, membership and leading by example.”
In January of 2019, CTA announced a commitment to invest $10 million in venture firms and funds focused on women, people of color and other underrepresented startups and entrepreneurs. In July, CTA followed through on its commitment and is working to make the technology industry a more inclusive environment for all people.
CTA and Harlem Capital share a strong commitment and passion for changing the face of entrepreneurship. The partnership and investment will help create a larger impact and drive change in an underrepresented part of the tech sector.
“SoGal Ventures is committed to empowering millennial and Gen Z women and minorities as they take center stage in entrepreneurship and technology creation,” says Elizabeth Galbut, founding partner of SoGal Ventures. “We look forward to working on this opportunity with CTA, who is equally dedicated to investing in the future of innovation.”
As an association, CTA will continue working with its member companies to drive the industry forward on diversity and inclusion best practices, solutions through education and investments.
Consumer Technology Association is the trade association representing the $401 billion U.S. consumer technology industry, which supports more than 18 million U.S. jobs. More than 2,200 companies—80 percent are small businesses and startups; others are among the world’s best-known brands—enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES, the world’s gathering place for all who thrive on the business of consumer technologies.For more info, visit www.cta.tech.