The fund, which is part of H/L Ventures, will seek to back companies in areas such as climate, healthcare, and the future of work.
The average check size for CityRock Fund II will be $2 million, with a reserve for follow-on investments in the companies that were backed in CityRock Fund I.
Nearly 85% of the founders in the CityRock portfolio hail from underrepresented backgrounds, including gender, race, socio-economic background, sexual orientation, and military services.
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