Latino Investors Assist New US Latino Entrepreneurs Grow Their Business In Q1 2023


Posted February 22, 2023 by Lattitudevc

US Latino entrepreneurs are turning to Latino investors to assist with the growth of their business in Q1 2023.
 
Latinos are the most entrepreneurial cohort in the United States right now, but they are also the most under-capitalized. LAT VC invests in Latino-owned businesses in the United States, helping them reach their full potential. Latinos equate to eighty percent of net new businesses throughout the country and are responsible for twenty-six percent of the US GDP growth. One in four new US entrepreneurs are Latino.

LAT VC addresses a troubling economic cost to the United States with the underfunding of Latino entrepreneurs. Latinos make up fifty-two percent of all US population growth and seventy-eight percent of the net new labor force entrants. They have a six times faster growth than the rest of the US population. LAT VC focuses on the essential investing of this US economic growth with a positive impact on communities with accelerated job creation, the decrease in income inequality and increasing educational attainment, while creating multi-generation wealth for all Americans.

While Latinos are one in four new entrepreneurs throughout the country, seventy-two percent of Latino entrepreneurs struggle to secure funding with seventy percent relying on their personal savings. Through these investments, an additional $1.38 trillion could be added to the US economy if Latino owned businesses were equal to non-Latino owned businesses.

From 2010 to 2018, the Latino entrepreneurs GDP was the third fastest growing, while the US economy in broader text was only fifth. The volume of revenues of new Latino entrepreneurs is impressive.

Kennie Blanco, the Managing Partner and CIO at LAT VC, said “We provide investments for US based Latino entrepreneurs who struggle to secure funding elsewhere. We invest between $500,000 to $1.500,000 in seed to stage A firms that provide technological or technological enabled solutions. All the businesses we invest in have a minimum of twenty-five percent Latino ownership and are US based. We provide not only investments but strategic help to assists these businesses to achieve success in a short period of time.”

LAT VC is an established venture capital firm that also provides selected Latino entrepreneurs to showcase their business on a national scale at the L'ATTITUDE conference, which takes place annually. Full details, along with a pitch submission form can be found on the firms website.

About Us:

LAT VC is a purpose led venture company that invests in early stage US Latino led and owned businesses with large and high growth opportunities. The company started in 2019, addressing the troubling economic costs to our country and the underfunding of US Latino entrepreneurs. The company invests, elevates and accelerates Latino owned businesses by investing early. LAT VC invests from $200,000 to $1.5 million in Latino led and owned technology companies that offer or provide technology as core to businesses. Full details on LAT VC the process and pitch submission form can be found on their information packed website at https://lattitudeventures.com/.
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Contact Email [email protected]
Issued By L'ATTITUDE Ventures
Business Address 11622 El Camino Real , Ste. 100, San Diego CA, 92130
Country United States
Categories Business , Finance
Tags latino angel investors , latino investors
Last Updated April 14, 2023