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Stacy Brown-Philpot's Cherryrock Capital Raises $172M for Diversity

2/21/2025

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Summary

Story summary

Stacy Brown-Philpot founded Cherryrock Capital in 2023, securing $172 million to invest in diverse founders at Series A and B stages.
Key investors include JPMorgan, Goldman Sachs, Reid Hoffman, and Sheryl Sandberg.
The fund focuses on supporting underrepresented entrepreneurs amidst a decline in diversity initiatives.
Cherryrock has invested in health startup Vitable and software firm Coactive Systems.
Brown-Philpot remains committed to long-term goals despite political challenges to diversity efforts.

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Story summary

Stacy Brown-Philpot founded Cherryrock Capital in 2023, securing $172 million to invest in diverse founders at Series A and B stages.
Key investors include JPMorgan, Goldman Sachs, Reid Hoffman, and Sheryl Sandberg.
The fund focuses on supporting underrepresented entrepreneurs amidst a decline in diversity initiatives.
Cherryrock has invested in health startup Vitable and software firm Coactive Systems.
Brown-Philpot remains committed to long-term goals despite political challenges to diversity efforts.