What is Fund 17?
Fund 17 is a mission-driven organization dedicated to fostering economic justice by providing accessible business services, capital, and workspace to under-resourced entrepreneurs in the Greater New Orleans area. The company champions community-informed programs that prioritize local entrepreneurs and aim to preserve the unique cultural heritage of New Orleans. With a strategic vision centered on equitable access to business resources, Fund 17 supports aspiring entrepreneurs irrespective of their background. Key initiatives include the BenchMarks Incubator and Be The Boss Accelerator, which have collectively served over 800 entrepreneurs, cultivating sustainable livelihoods and economic empowerment.
How much funding has Fund 17 raised?
Fund 17 has raised a total of $14K across 1 funding round:
Debt
$14K
Debt (2021): $14K with participation from PPP
Key Investors in Fund 17
PPP
Public-Private Partnership
What's next for Fund 17?
The recent influx of moderate growth capital, falling within the Series A/B growth stage, suggests Fund 17 is poised for significant expansion. This strategic financing will likely be deployed to enhance its existing programs, potentially broaden its service offerings, and deepen its impact within the Greater New Orleans entrepreneurial ecosystem. Future developments may include scaling its mentorship programs, increasing the availability of accessible capital, and further solidifying its role as a vital resource for under-resourced founders, thereby driving economic revitalization and cultural preservation.
See full Fund 17 company page
