How Is Identityvc Changing the Game for LGBTQ Founders in Europe

Til Klein and Jochen Beutgen launched Identity.vc in 2023 to fill a gap in European venture capital for supporting LGBTQ+ founders. Based in Berlin, the firm aims to raise €50 million, with €15 million already secured, investing from €250,000 to €1.5 million in early-stage companies led by LGBTQ+ individuals. Sector-agnostic, Identity.vc has so far backed four companies, including eco.mio and Paxton. The initiative has received strong support from investors and the European startup community, inspired by the success of diverse teams. Identity.vc has established a growing community platform, including a Slack channel and events across Europe to connect LGBTQ+ founders and investors. Despite initial fundraising challenges, the firm continues its mission to drive diversity and significant investment opportunities.

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