Arlan Hamilton and her firm, Backstage Capital, have raised a new seed fund for underrepresented founders.


Backstage Capital, a venture fund that invests in underrepresented founders — “women, People of Color, and LGBT founders,” according to the firm’s website — announced a new $36 million fund on Saturday that will invest exclusively in black female founders.

“They’re calling it a ‘diversity fund,’” tweeted Arlan Hamilton, the firm’s founder and managing partner. “I’m calling it an IT’S ABOUT DAMN TIME fund.”