Tuesday, July 5, 2022

Untapped Capital Raises First Fund

Untapped Capital, a venture capital firm run by Yohei Nakajima and Jessica Jackley, says it has closed its first fund, Fund I. The new startup investment firm says it's a pre-seed/seed fund that looks invest in "unexpected founders, found off the beaten path, not well connected to VCs", adding that it is looking specifically at "young, underrepresented, small town, immigrant" founders. Size of the firm's first fund was not announced. Nakajima is based in Seattle, and Jackley is based in Los Angeles.