After launching a $36 million fund earlier this year to help support black female founders, Backstage Capital isn’t showing any signs of slowing down. Today, the fund’s founder and managing partner Arlan Hamilton announced that it will launch an accelerator to further amplify and support the best companies led by underestimated founders.
The four cohorts will be located in Philadelphia, London, Los Angeles and a fourth city to be determined through a public vote.
“We decided on Los Angeles because the ecosystem is really prime for it,” Hamilton said onstage today at Disrupt SF at Moscone West. “There is just the most diverse group of founders and types of companies they’re building. There is a lot there to pull from.”
With London, Hamilton said she visited the city a few times and was blown away by the founders and the interesting challenges they face there.