Last week, early-stage venture capital firm the Sixers Innovation Lab, announced that it launched a second fund for startups throughout the U.S.
Seth Berger, managing director of the investment firm will oversee the new endowment.
The company said the fund will focus upon businesses from various fields such as esports and gaming, media, and entertainment.
"While we started with a focus on entrepreneurs in the Philadelphia area, our operations have expanded across the U.S. since 2019, enabling us to support an unprecedented level of diverse companies and talent," said Berger.
Since launching, among the companies the Sixer Innovation Lab has supported, 65% have had at least one minority founder at time of investment and 40% have at least one female founder at time of investment.