Angeles Ventures, a Latino and woman-led early-stage VC fund, announced an equity investment from Bank of America.

Angeles Ventures is a seed-stage fund targeting tech-enabled B2B and B2C startups in the U.S., aiming to bridge the funding gap. Angeles Ventures Fund I has already made four investments in Storybook, Linker Finance, Certiverse, and Sigo Seguros, partnering with notable investors like Goodwater, Chingona, Launch (Jason Calacanis), Hyde Park Ventures, Listen Ventures, and others in oversubscribed rounds. Bank of America supports equity investments in women- and minority-led funds, which, in turn, invest in diverse entrepreneurs to foster business growth and economic opportunity within their communities. By December 2023, Bank of America had committed over US$550 million to such funds, significantly surpassing its initial US$200 million pledge.

The Angeles platform focuses on identifying, funding, and nurturing promising Hispanic and Latinx startups. In 2019, Angeles launched an angel investing group, Angeles Investors, which has made over 23 investments totaling more than US$7 million with around 300 members participating. This success has made it one of the largest and fastest-growing angel investing groups in the U.S., and the largest focused on Hispanic founders.