Volition Blue LLC, a US-based company founded by two Nigerian entrepreneurs, has announced its investment as a Limited Partner in Visible Hands’ Fund 1, which provides $10 million in venture capital to underrepresented founders in the US.
Volition Blue, founded by the pair of Subomi Plumptre and Kola Oyeneyin, invests alongside institutions like Bank of America and Equity Alliance.
As a Limited Partner, Volition Blue provides funding sourced from African High Networt Individuals (HNIs) who are committed to investing at the earliest stage, where support is lacking the most.
Visible Hands, the manager of the fund, is a venture capital firm founded in 2020 to help ambitious women, Black, Indigenous, and People of Colour (BIPOC) or Latinx startup founders who will lead thriving enterprises.
The company has graduated 50 entrepreneurs from the Visible Hands Accelerator, completed over 100 events, and has been featured by Crunchbase, NASDAQ, Fortune and the Boston Globe, among others.
In 2021, Africans in the diaspora remitted over $41 billion dollars to the continent. Volition Blue’s mission evolved from the gap in connecting Africans to global wealth opportunities. By extension, that wealth will contribute to the economic development of the African people and continent, through remittances.
“We recognise that Visible Hands’ Fund 1 provides an excellent opportunity for Africans to invest in founders in the US who have historically received insignificant attention from the venture capital community. That fits directly with our objective to identify and provide global wealth options to Africans around the world,” Plumptre said in a statement provided by Volition Blue LLC.
“It is also a strategic decision for us to invest in the Fund as a consulting firm that supports international companies looking to set up in Africa.”
Volition Blue LLC is a Texas-based investment advisory firm bridging the gap between Africans – both resident on the continent and in the diaspora – and global investment opportunities.
Volition Blue has made strategic in-roads into the diaspora VC community with its recent investment as a Limited Partner in Visible Hands’ Fund 1.
Volition Blue was also a strategic partner in Volition Cap’s tech entrepreneur ecosystem event hosted in partnership with the Government of Dubai.
*Volition Blue LLC
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