The NAACP has launched NAACP Capital, a groundbreaking $200 million fund of funds aimed at empowering fund managers who focus on issues affecting people of color. Developed in collaboration with Kapor Capital and other venture fund managers, this initiative comes in response to alarming statistics showing that Black founders secured less than 1% of venture capital last year. A fund of funds allows for broader investment across multiple venture funds, maximizing impact. This strategic move aligns with Kapor's ongoing commitment to racial justice investing.