Launched by SoftBank Group in June 2020, the SB Opportunity Fund invests in U.S. companies led by Black, Latinx and Native American founders who use technology to reimagine traditional business models. The fund invests at the seed, venture, and growth stages and has invested more than $75M in over 70 companies.
Stacy Brown-Philpot, former CEO of TaskRabbit and former Entrepreneur-in-Residence at Google Ventures; Paul Judge, co-founder of TechSquare Labs and Pindrop; and Shu Nyatta, Managing Partner at SoftBank Group International, serve as the inaugural members of the Fund’s Investment Committee.
We love hearing from outstanding founders. Please introduce yourself at https://theopportunityfund.com/introduce-yourself/.
Stacy Brown-Philpot, former CEO of TaskRabbit and former Entrepreneur-in-Residence at Google Ventures; Paul Judge, co-founder of TechSquare Labs and Pindrop; and Shu Nyatta, Managing Partner at SoftBank Group International, serve as the inaugural members of the Fund’s Investment Committee.
We love hearing from outstanding founders. Please introduce yourself at https://theopportunityfund.com/introduce-yourself/.
Location: United States, Florida, Miami
Employees: 11-50
Founded date: 2020
Investment Type: Venture Capital
Portfolio 63
| Date | Name | Website | Total Raised | Location |
| 29.11.2022 | Resilia | resilia.com | $43M | United Sta... |
| 07.11.2022 | Emerge Car... | emergecareer.com | $3.2M | - |
| 11.05.2022 | Bambee | bambee.com | $45M | United Sta... |
| 11.05.2022 | LoanWell | loanwell.com | - | United Sta... |
| 02.05.2022 | Altro | altro.io | $22M | United Sta... |
| 02.05.2022 | Subject | subject.com | $57.4M | United Sta... |
| 11.04.2022 | Community ... | communitygaming.io | $22.3M | United Sta... |
| 28.01.2022 | Cityblock ... | cityblock.com | $1.01B | United Sta... |
| 28.01.2022 | Mean Finan... | meanfi.com | $3.5M | Pakistan, ... |
| 28.01.2022 | ONTOP | getontop.com | - | Colombia, ... |
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Persons 10
| Date | First Name | Last Name | Title | Location | |||
| - | Hadley | Poole | - | - | - | - | |
| - | Paul | Judge | - | - | - | - | |
| - | Nancy | Torres | - | - | - | - | |
| - | Sháka | Rasheed | - | - | - | - | |
| - | Sháka | Rasheed | - | - | - | - | |
| - | Cesca | Delos Sant... | - | - | - | - | |
| - | Marcelo | Claure | - | - | - | - | |
| - | Jeffrey | Asiedu | - | - | - | - | |
| - | Melanie | Cohen | - | - | - | - | |
| - | Chad | Harris | - | - | - | - |
Mentions in press and media 19
| Date | Title | Description |
| 03.07.2025 | Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty | Essence Fest kicks off on Friday, with roughly 500,000 people attending the event in New Orleans. It generates around $1 billion in economic activity, according to organizers. “Essence Fest is like my Black Friday,” said Rochelle Ivory, own... |
| 22.12.2023 | Marcelo Claure and Paul Judge team up to lead Open Opportunity Fund, a venture fund for Black and Latino-founded tech startups | The Open Opportunity Fund, a venture capital initiative dedicated to supporting Black- and Latino-founded tech companies, announced two major moves that signal significant progress within the fund. Marcelo Claure, a Bolivian-American tycoo... |
| 18.05.2023 | SoftBank launches new fund to raise and invest $150 million in Black and Latino-led startups | SoftBank has launched a second fund under its Opportunity Growth Fund to raise and invest $150 million in Black and Latino-led startups. The Japanese conglomerate is also rebranding the effort, calling it “Open Opportunity Fund,” and has ap... |
| 18.05.2023 | SoftBank to invest $150M in Black and Latino startups; rebrands its second fund to Open Opportunity Fund | In June 2020 we wrote about SoftBank Group after the Japanese conglomerate launched a $100 million fund called the “Opportunity Growth Fund” to invest in Black and Latino-led startups. The fund was part of the firm’s effort to improve diver... |
| 14.03.2022 | SB Opportunity Fund deployed $100M into 70 startups & will keep investing in underrepresented founders | Facebook Tweet Pin LinkedIn Email SoftBank Group will continue the fund, launched in 2020, as an evergreen fund based in Miami SoftBank Group announced today that its $100 million SB Opportunity Fund has been fully deployed in 70 companies ... |
| 26.01.2022 | VC Funding To Early-Stage Latinx-Founded Startups In The US Has Stalled. Here’s Why That Matters | 27 Shares Email Facebook Twitter LinkedIn Editor’s note: This article is part of Something Ventured, an ongoing series by Crunchbase News examining diversity and access to capital in the venture-backed startup ecosystem. Access the full pro... |
| 26.01.2022 | VC Funding To Early-Stage Latinx-Founded Startups In The US Has Stalled. Here’s Why That Matters | 79 Shares Email Facebook Twitter LinkedIn Editor’s note: This article is part of Something Ventured, an ongoing series by Crunchbase News examining diversity and access to capital in the venture-backed startup ecosystem. Access the full pro... |
| 29.11.2021 | Mean DAO of Miami raises $3.5M to help build the future of DeFi | Facebook Tweet Pin LinkedIn Email A decentralized autonomous organization is on a mission to build the products and blockchain infrastructure needed to act as the financial equalizers for people and businesses worldwide. Mean DAO, based in ... |
| 04.10.2021 | Global hiring and payments startup Ontop raises $20M from Tiger Global, SoftBank | Facebook Tweet Pin LinkedIn Email This LatAm-to-Miami startup is already seeing explosive growth in its cross-border ‘future of work’ solution It was August of 2020, in the depths of the global pandemic, and Colombian entrepreneurs Santiago... |
| 02.09.2021 | This SB Opportunity Fund-backed startup is connecting workers to affordable healthcare | Health inequities laid bare in the pandemic have highlighted the need for access to affordable healthcare for people of all backgrounds. In the U.S., in particular, healthcare is provided by a patchwork system of public and private services... |
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