Five D.C. firms — an investor and four startups — have landed financing from Google, as the global tech giant’s parent company, Alphabet Inc. (NASDAQ: GOOGL), continues funneling funding to underrepresented entrepreneurs across the U.S.
Zeal Capital Partners, led by AT&T alum Nasir Qadree, has secured a chunk of funding from Alphabet growth fund CapitalG, which previously committed $100 million to Black-led venture firms.
Zeal backs tech-enabled, early-stage fintech and future-of-work companies often overlooked by traditional investors because of background, gender, ethnicity, geography or experiences. The firm aims to help close the racial and gender wealth gaps with its inclusive investing strategy, which focuses on ventures with diverse management teams, across markets and in sectors with opportunity for innovation, that bring both financial returns and social impact.
Qadree declined to disclose the size of CapitalG’s investment. Zeal, which raised its first fund at more than…
Read the full story from the Washington Business Journal.
