underrepresented-founders
(6)
Nitin Rai bought out his investors. Then he became one.
After building First Insight and buying back his investors’ shares, Nitin Rai took a seat on the other side of the table. At Elevate Capital, he backs founders who know what it feels like to be overlooked.
Genevieve Lemarchal
Genevieve Lemarchal is the Managing Partner of Suncoast Ventures and Head of Healthcare at Expert Dojo, one of Southern California's most active pre-seed venture funds. A serial entrepreneur turned investor, she focuses on early-stage healthcare startups tackling critical gaps in addiction recovery, maternal care, chronic disease management, and digital health. With a portfolio spanning 35+ companies across 7 countries, she champions underrepresented founders - 50% female, 37-43% from underrepresented backgrounds - and hosts the AdVentureous Podcast, where she interviews entrepreneurs and VCs about building companies that matter.
Maria Palma
Maria Palma is a General Partner at Freestyle Capital, a San Francisco-based seed-stage venture capital firm. With over a decade of venture experience and investments in 35+ companies, she focuses on early-stage AI investments across application and infrastructure layers. Before Freestyle, she was a General Partner at Kindred Capital in London and a Principal at RRE Ventures in New York. She co-founded NYC Blend, a nonprofit connecting underrepresented founders to venture capital, and was named to Business Insider's 'The Seed 40: Best Women Early-Stage Investors of 2025.'
Sydney Thomas
Sydney Thomas is the Founding General Partner of Symphonic Capital, a $13.5M debut fund investing at the intersection of health, wealth, and climate resilience for the 99%. She was the first hire at Precursor Ventures in 2016, scaled the firm from 10 investments to 400+ and $200M+ AUM over seven years, and then left to build on her own terms. She created the landmark Black Women in VC list, co-founded the Women of Color in VC network, and relocated from San Francisco to her hometown of San Diego to anchor her firm there. A Kauffman Fellow, Duke and Berkeley Haas alum, she backs pre-seed founders outside coastal tech hubs who are building essential systems for people the industry routinely ignores.
Ulili Onovakpuri
Uriridiakoghene 'Ulili' Onovakpuri is a trailblazing venture capitalist who spent 10+ years at Kapor Capital, rising from analyst to Co-Managing Partner and co-raising the firm's largest-ever fund - $126M Fund III in 2022. One of very few Black female managing partners in VC history, she backed 70+ companies with a focus on digital health, health tech, and people operations, while also founding the longest-running VC fellowship program for underrepresented individuals. Her own childhood diagnosis of Juvenile Rheumatoid Arthritis in Hunter's Point, San Francisco, where she grew up, directly shaped her conviction that healthcare access is a systemic justice issue. In May 2025 she departed Kapor Capital for what she called 'a purposeful pause,' and has since joined Motley Fool Ventures as a Venture Partner.
Lea Bajc
Lea Bajc is a serial entrepreneur, investor, and board member with over two decades of experience spanning Silicon Valley and Europe. Born in Croatia and raised in Sweden, she holds degrees from Stockholm School of Economics, HEC Paris, and Harvard Business School. At Northzone Ventures, she co-led landmark investments in iZettle ($2.2B exit to PayPal) and Trustpilot (LSE IPO). She later co-founded Averon in Silicon Valley, raising $20M from Marc Benioff. Now based in Paris, she invests through Blue Horizon and Ozone X Ventures (backing underrepresented founders), serves on corporate boards, and is authoring 'Love After Love' — a forthcoming book reframing divorce as an opportunity for reinvention. A Kauffman Fellow and Forbes Technology Council member, she speaks six languages and is a certified nutritionist.