This week, Bitwise Industries announced the launch of BW Capital, an investment firm, and their first fund. Investors include Bank of America, The Central Valley Community Foundation and others.

The inaugural fund will be directly invested into underserved, underestimated founders and entrepreneurs within Central California to provide them with pre-seed financial support. Investments will focus on Opportunity Zones where these entrepreneurs and their companies will be supported and guided to either Initial Public Offering (IPO) or acquisition.

“We set out to raise this fund to directly impact entrepreneurs who don‘t have access to traditional startup capital,” said Trevor Thomas-Uribe, General Partner, Bitwise Capital. “We want to support companies not located in major tech hubs. The kinds of companies that are underrepresented in most Venture Capital (VC) portfolios, yet have the drive and talent to create innovative products. By helping them get to the next level, Bitwise Capital will also promote job creation in these regions, driving economic growth.”

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