In a groundbreaking move for diversity in venture capital, Betsy Fore has launched Velveteen Ventures, a rare Native American-led fund aimed at driving innovation in key industries. Announced on July 15, 2025, this fund seeks to invest between $500,000 and $4 million in 15 to 20 seed and Series A companies, focusing on transformative solutions in healthcare, climate, consumer, and community sectors.
Fore, a prominent entrepreneur and member of the Cherokee Nation, brings a unique perspective to the venture capital world, where Native American representation has historically been scarce. Her vision for Velveteen Ventures is rooted in creating a better future for children and the planet, emphasizing sustainable and community-driven impact.
The fund's investment strategy targets early-stage startups with high potential to address pressing global challenges. By prioritizing sectors like healthcare and climate, Velveteen Ventures aims to support founders who are building scalable solutions for long-term societal benefit.
This initiative has already garnered significant attention, as highlighted by TechCrunch, with many in the industry praising Fore’s commitment to diversity and innovation. The launch of Velveteen Ventures marks a pivotal moment, potentially inspiring more underrepresented groups to enter the VC space.
Fore herself expressed excitement about the fund’s mission, stating that it is anchored in the belief of building a better world for future generations. Posts on social media platforms like X reflect widespread support, with users and industry leaders alike celebrating this milestone for Native American representation in entrepreneurship.
As Velveteen Ventures begins its journey, the industry watches closely to see how Fore’s leadership and unique perspective will shape the next wave of innovative startups. This fund could set a precedent for more inclusive investment practices, paving the way for diverse voices in venture capital.
Maria Lourdes
