Canadian actor-brothers Shamier Anderson (Wynonna Earp) and Stephan James (If Beale Street Could Talk), alongside their youngest brother Sheldon James, have co-founded Canada’s first Black-owned venture capital firm dedicated to Bipoc entrepreneurs.
The Bay Mills Investment Group will support and mentor young entrepreneurs in the Bipoc community in building profitable businesses through its Bay Mills Diversity Fund.
The company will accept pitches from all industry verticals but said it is paying close attention to entertainment, real estate ownership and management, cannabis production and distribution, and education.
The team said that they have raised $15M Cad of an initial round of $25M Cad, en route to complete three planned additional rounds for a total fund size of $100M Cad for the Bay Mills Diversity Fund by June 2021. They are actively seeking corporate partnerships and accredited investors.
Sheldon James will serve as Chief Executive Officer and General Partner.
The Bay Mills Investment Group will support and mentor young entrepreneurs in the Bipoc community in building profitable businesses through its Bay Mills Diversity Fund.
The company will accept pitches from all industry verticals but said it is paying close attention to entertainment, real estate ownership and management, cannabis production and distribution, and education.
The team said that they have raised $15M Cad of an initial round of $25M Cad, en route to complete three planned additional rounds for a total fund size of $100M Cad for the Bay Mills Diversity Fund by June 2021. They are actively seeking corporate partnerships and accredited investors.
Sheldon James will serve as Chief Executive Officer and General Partner.
- 2/25/2021
- by Tom Grater
- Deadline Film + TV
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