Synchrony to commit $15M to VC funds led by Black, Latinx and female partners

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Synchrony, a consumer financial services company, will commit $15 million to venture capital funds led by Black, Latinx and female investment partners. The first funds selected to receive money are Zeal Capital Partners, Seae Ventures and Chingona Ventures, which was founded by Samara Mejia Hernandez.

In a statement, Trish Mosconi, executive vice president, chief strategy officer and corporate development at Synchrony, said, “for too long, Black, Latinx, and female founders have been underrepresented in venture capital funding. Together we must take collective action to help close the venture funding gap and provide equal access to capital for diverse entrepreneurs and underserved communities.”

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