Anywhereo, an early-stage startup capital fund announced it’s presence last year. Arrive, which just made a significant commitment to racial fairness, has backed the company. Shawn Carter, Juan Perez, Mine Capital Management, and Al VC are among the early backers, as is seasoned technology investor David Fahey, who will provide advice to the startups.
Anywhereo was created with the goal of economic empowerment and inclusion in mind, and is directed by Alex Ojjeh and Joshua Cilinski. The company will primarily invest in and teach entrepreneurs from underrepresented backgrounds as they create a new generation of technology and technology-enabled enterprises with values that align with the customers they serve. Anywhereo, named on the fly by Ojjeh, provides access to the conventional venture and tech ecosystems for the entrepreneurs it supports with the objective of mutual value. The firm has built a broad network of mission-aligned investors, entrepreneurs, operators, and executives who are dedicated to building sustainable equity and inclusion.
“Our strategy to helping narrow the fast widening wealth divide in our nation is to democratize access to entrepreneurship through the deployment of purposeful capital,” says the report. said Alex Ojjeh, founder of Anywhereo “For decades, marginalized populations, such as women and people of color, have been kept out of boom cycles. The venture capital sector has an obvious inequality, and it’s time to refocus our efforts and start leveling the playing field for these outstanding entrepreneurs.”
Through his multi-business portfolio, Ojjeh, who was formerly a founding partner at AO Asset, is a community architect. ANWO, his most recent partnership, has become a standard, allowing for increased productivity and cooperation in a variety of Tennessee communities.
“We’re tapping into communities with incredible potential that haven’t been given the chance or blueprint to thrive,” Joshua Cilinski said. “We’re here to compete at the top level and demonstrate that investing in underrepresented entrepreneurs gives a competitive advantage.” It’s not as if we’re implying that focusing just on one area of the pond would yield the best results. Cilinski, a former principal of One Ventures, is an advocate of inclusiveness who has overseen the growth of several businesses.
“I’ve committed my whole career to assisting entrepreneurs from the very beginning, and I’ve seen firsthand how powerful the correct counsel and access to finance can be in changing a company’s trajectory,” he says.