![]() “A lot of times, people will skip the relationship step and assume they know the solutions,” Campbell told Tribal Business News. Visit for more information.As it works toward the close of its first $50 million fund, Minneapolis-based Brown Venture Group detailed plans to work with the tribal governments of the Mesa Grande Band of Mission Indians, Confederated Salish and Kootenai Tribes of the Flathead Reservation and the Apache Tribe of Oklahoma.Ĭo-founder Paul Campbell, who has Black and Indigenous heritage, said the tribal outreach comes as Brown Venture Group realized it needed to deepen its relationships in Indian Country to ensure capital gets into the hands of Indigenous founders. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle–market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $189 billion asset regional bank holding company headquartered in Columbus, Ohio. Brown Venture Group is writing a new playbook for both those interested in launching a minority-owned technology startup and those interested in investing in new technologies. Launched in 2018, Brown Venture Group, LLC, is a venture capital firm exclusively for Black, Latino and Indigenous technology startups. In addition, the venture capital fund has forged important inclusive collaborations with NASA, the United States Patent and Trademark Office (a partnership driven by the Pro Bono Advisory Council) and tribal governments nationwide. "All of our collective efforts are about building more vibrant, diverse and successful communities for all."īrown Venture Group has invested in 26 technology startups in various industries including clean energy, fintech, health tech and software across the country. "A key part of our purpose at Huntington is helping businesses thrive, so we are honored to partner with Brown Venture Group and support its mission to help minority tech entrepreneurs bring their vision to life," added Darrel German, Minnesota regional president for Huntington. "We look forward to unlocking the upside opportunity for a group of under-resourced innovators and founders who are still getting less than 1% of venture capital dollars three years after the racial reckoning that started right here in Minneapolis." "We are excited to partner with Huntington as they support underfunded and undervalued minority entrepreneurs," said Brown Venture Group Co-Founder and Managing Partner Dr. Huntington has a long history of supporting small businesses and is the nation's largest originator by volume of Small Business Administration (SBA) 7(a) loans for the fifth consecutive year. Huntington's commitment to Brown Venture Group was led by its Corporate Ventures team, which is focused on developing and executing partnerships, investments and new ventures that accelerate the momentum of Huntington's business segments. ![]() ![]() MINNEAPOLIS, J/PRNewswire/ - Brown Venture Group LLC, a venture capital firm formed to fund Black, Latino and Indigenous technology entrepreneurs, announced today that The Huntington National Bank (Huntington) made a $3 million commitment to its inaugural fund.īrown Venture Group, which is a majority Black-led organization, was founded in 2018 with the goal of raising $50 million to invest in entrepreneurs of color who in the past have not had access to venture capital and have experienced economic barriers to contribution.
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