Zeal Capital Partners Closes $82M Fund to Back Diverse Founders

Zeal Capital Partners, a Washington, D.C.-based venture capital firm led by Nasir Qadree, has successfully closed its second fund, raising $82 million. This significant milestone brings the firm's total assets under management to $186 million, doubling its size in just five years. The fund has attracted a diverse group of limited partners, including Citi Impact Fund, MassMutual, Wells Fargo, and Spelman College, showcasing strong support for Zeal's mission to democratize access to capital for underrepresented founders. Zeal Capital Partners, known for backing groundbreaking startups like Esusu, plans to invest in about 25 early-stage companies over the next four years, with a focus on sectors like education, economic mobility, and healthcare. The firm's commitment to fostering generational wealth among people of color and women is a cornerstone of its strategy, as highlighted by Qadree in various interviews and press releases.

Nasir Qadree, the visionary behind Zeal Capital Partners, brings a unique blend of Wall Street experience and a passion for social impact to the venture capital world. His journey from Goldman Sachs to leading a Black-led unicorn like Esusu underscores his commitment to bridging the gap in venture capital accessibility. With the closing of its second fund, Zeal Capital Partners is poised to make a lasting impact on the innovation economy, investing in companies that not only promise high returns but also aim to solve systemic challenges. The firm's investments in platforms like Seven Starling and Debbie exemplify its focus on leveraging technology for social good, making it a beacon of hope for founders of color seeking to make their mark in the tech industry.