Harlem Capital is raising a $150 million fund

Harlem Capital, an investment firm established in 2015, is setting out to raise a new $150 million fund according to the SEC filings. This fund would be the largest that the firm has aimed to gather, following a $134 million second fund raised in 2021, which was significantly higher than its first $40 million fund in 2019. The company's investment focus has traditionally been on early-stage, post-product companies across various sectors, with particular emphasis on consumer and enterprise tech.

The firm has notably concentrated on supporting diverse founders and has made more than 80 investments, including in companies like Propense.ai, Poolit, and Gander, leading to 12 successful exits. Harlem Capital also ensures diversity among its investors, continually attracting diverse limited partners. The initiative aligns with the firm's mission of promoting equity in entrepreneurship and investment leadership, particularly after heightened industry commitment to diversity following the Black Lives Matter movement.

Despite shifting sentiments about diversity and inclusion initiatives across various industries, Harlem Capital's commitment remains steadfast. The successful raising of this new fund would not only demonstrate the firm's ongoing success and solidify its reputation but would also reflect an ongoing industry support for empowering underrepresented communities. This initiative is poised to test the industry's commitment amidst a changing backdrop of societal and political perspectives on diversity.