2022 Impact Report

A Significant Year in Review

Amid a changing political and economic climate, 2022 has been a constant reminder that our mission to fight for racial justice in tech is needed now more than ever.

We have remained steadfast when it comes to mobilizing for racial justice and providing innovative solutions to create a level playing field in tech. Through our research, programs, and partnerships across the Kapor Foundation, investments in gap-closing startups with
Kapor Capital, and taking a holistic approach to STEM/computer science education for underrepresented scholars and alumni with SMASH, the Kapor family of organizations has continued to lead efforts to build a more equitable tech sector, economy, and society for all.

We’re proud to celebrate a year of impactful work.

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Over 400 Alumni Placed by SMASH Rising into Tech Internships

1.8K Youth Reached by Career Catalyst during Pilot Phase

$12M Distributed in Funding to Support Marginalized Communities

$126M Raised to Invest in Gap-Closing Technology Companies

Kapor Foundation

In 2022, Kapor Foundation continued its work toward computer science equity, advancing diversity, equity, inclusion, and belonging (DEIB) in tech workplaces, and promoting systemic policy change.

Read the latest Impact Report

Highlights/By The Numbers

$12M

distributed in funding to 40+ organizations to expand racial equity in CS education, promote tech accountability, build tech policy experts, invest in entrepreneurs of color, and support civic engagement and voter mobilization.

1K+

educators equipped with training, tools, and resources to deliver equitable CS pedagogy and curriculum.

17

venture capital fellows hosted in the Kapor Summer Venture Capital Fellows, the largest class to date.

SMASH

At SMASH, we’ve continued to take a holistic approach with our scholars and alumni to address the root causes of why the underrepresentation of people of color in STEM persists. From SMASH Academy to SMASH Rising, Admit, Persist, and Career Catalyst, we’ve continued to SMASH barriers throughout 2022.

Read the latest Impact Report

Highlights/By The Numbers

400+

alumni placed by SMASH Rising into tech internships, with $1.6M in wages earned across 25+ industry-leading tech partners.

87%

of our SMASH seniors committed to majoring in STEM.

$3.2M

in scholarships secured by SMASH alumni.

Nearly 1800

youth reached by Career Catalyst during its pilot phase.

Kapor Capital

Kapor Capital is not just in the business of financial returns, but also in the business of fostering tomorrow’s investors, opening doors to groups who have traditionally been excluded from investment, and more broadly, evaluating the success of companies to include gap-closing impact.

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Highlights/By The Numbers

$126M

launched in Fund III, Kapor Capital's largest fund to date.

$19M

deployed in total capital in 2022.

90%

of Fund III founders identify as underrepresented.

A Look Ahead

As we approach a new year, with continued national dialogues shaping the way we learn, work and coexist, the Kapor Foundation, Kapor Capital, and SMASH are taking our efforts to the next level — creating a more inclusive technology sector for all. In 2023, we look forward to impacting more lives, fighting for larger changes, and creating equal opportunities for all in tech.

Download the 2022 Impact Report