SAN DIEGO—February 7, 2023— The Hispanic Wealth Project™ (HWP
) and the National Association of Hispanic Real Estate Professionals (NAHREP
®) today announced the launch of The Hispanic Wealth Project Angel Community aimed at providing capital for start-up ventures in PropTech and FinTech.
According to Bain & Co., less than 1 percent of venture capital and private equity investor funding goes to Latino-owned businesses.
Access to capital is critical to helping companies achieve scale. The HWP Angel Community will support Latino-led start-ups and provide investment opportunities for its members who are qualified investors that predominantly come from the Hispanic business community.
“The HWP is able to leverage NAHREP’s capacity to catalyze start-ups with its extensive network of real estate professionals and its connections to the highest levels of the real estate and mortgage industries,” said Gary Acosta, NAHREP Co-Founder & CEO, and General Partner of L’ATTITUDE Ventures.
Selected companies will be invited to participate in a live pitch for a chance to secure funding from HWP Angel Community members. Companies must be submitted by established investors, VC funds, or other Angel communities. Founders or co-founders are not eligible to submit their own companies for consideration.
“The Hispanic Wealth Project Angel Community will help close the wealth gap in America by providing investment opportunities to the growing number of entrepreneurial-minded Latinos,” said Sara Rodriguez, Hispanic Wealth Project Chairperson.
HWP was built on the premise that all of America benefits from the economic well-being of the Hispanic community. HWP programs expand opportunities in diversified wealth building, small business sustainability, and wealth through real estate.
Applications for pitch opportunities are available at https://hispanicwealthproject.org/angels/pitch-application
. Qualified investors can apply to become a member of the HWP Angel Community at https://hispanicwealthproject.org/angels
.About The Hispanic Wealth Project (HWP)The Hispanic Wealth Project
is a non-profit 501(c)3 whose mission is to empower the Hispanic community in America through education and programmatic efforts around diversified wealth building, small business sustainability, and wealth creation through real estate.About NAHREP
The National Association of Hispanic Real Estate Professionals
® (NAHREP®), a nonprofit 501(c)6 trade association, is dedicated to advancing sustainable homeownership for the Hispanic community in America. NAHREP has a network of over 40,000 real estate professionals and 100 local chapters nationwide, hosting several national events
per year and publishing multiple industry cornerstone reports
annually. Watch the Hispanic Homeownership Short Film!
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