The 22 Fund (The 22), a Los Angeles-based impact, early-growth venture fund, today announced multi-million dollar investments from Ally Financial Inc. (Ally) and family office 4S Bay to support The 22’s mission to address needs of diverse entrepreneurs often overlooked by traditional investors. Ally committed up to $10 million in equity investment. 4S Bay committed $1.5 million. “The 22 Fund sees the great potential of Community Reinvestment Act (CRA) funds to address the inequities in VC.””Helping create pathways for underrepresented communities is one way Ally lives its purpose to do it right and drive equity and economic mobility in communities we serve,” said Jan Bergeson, Ally’s Communi(…) Read More ยป
