Description
Wocstar Capital (often referred to via its Wocstar Fund) is a New York-based early-stage venture capital and investment firm that focuses on backing tech innovation led by women of color and diverse, inclusive founder teams. Its mission blends impact, diversity, and financial return by supporting underrepresented founders with capital and strategic backing.
Specific Funding Stage
• Pre-Seed / Seed: Core focus on early-stage investments in technology-enabled startups led by women of color and inclusive teams.
• Series A / Early Institutional: Though primarily seed-stage, the fund can participate in early institutional rounds when aligned with strategy and company progress.
Investment Amount and Percentage Equity (Company-Level)
Typical Investment Size:
• Reports indicate check sizes for Wocstar Fund investees tend to fall in a range of approximately ~$200K to ~$2M per company (based on aggregated investment profiles).
Equity Taken:
• Wocstar Capital does not publicly publish a fixed equity percentage it always takes for every investment; like most professional VCs, ownership stakes are negotiated on a deal-by-deal basis depending on valuation, check size, co-investor participation, and round terms.
• In typical early-stage VC practice, funds investing in pre-seed/seed/Series A rounds end up taking minority equity positions — often in the single-digit to low-double-digit percentage range (~5%–20%) depending on how much capital is supplied relative to the company’s valuation — but the specific percentage for Wocstar’s checks varies by deal and is not standardized publicly.
Application / Submission Method
• Startups interested in Wocstar Fund investment can submit pitches via the “Submit a pitch” section on the Wocstar website for consideration by the fund team.
• While formal application portals exist, venture capital engagement often operates through networking, warm introductions, or outreach by founders and advisors — typical in VC ecosystems.
Eligibility
• Sector Focus: Broad tech themes including media/consumption, data/AI, FinTech, climate/clean tech, and other scalable tech categories.
• Geography: Primarily U.S.-focused investments with an emphasis on diverse teams based in the United States.
• Stage: Early stages — from seed into early institutional rounds — with companies that show traction, product viability, and growth potential.
Process
Initial Screening: Wocstar reviews a startup’s pitch materials, founding team, and fit with its inclusive tech thesis.
Partner Evaluation: Fund partners discuss product, traction, and alignment with mission (women of color/diverse founders).
Due Diligence: Deeper diligence on market, financials, technology, and team.
Term Negotiation & Close: Valuation, equity percentage, and investment terms are negotiated with founders and documented.
What an Applicant can Obtain
• Strategic Capital: Seed-level funding on negotiated terms aimed at growth and scaling.
• Mentorship & Network: Access to a network of investors, advisors, and community tailored to diverse founders.
• Support in Fundraising: Connects founders to follow-on capital opportunities and ecosystem relationships as part of its broader mission to amplify underrepresented voices.