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2023 Impact Report

An Impactful Year

The mission of the Kapor Center family of organizations, Kapor Capital, Kapor Foundation, and SMASH, is to build an equitable tech ecosystem that creates economic opportunity, tackles critical societal issues, and reflects the power and perspectives of Black, Latine, and Native communities.

This mission becomes more critical than ever in the current economic and sociopolitical climate weaponizing racial equity. The targeted elimination of DEIB roles and large-scale layoffs in tech due to this year’s economic downturn have disproportionately impacted Black, Latine, and Native talent in tech. Moreover, political attacks on diversity efforts, such as the banning of diversity programs in education, the Supreme Court’s ruling against affirmative action, and the injunction against the investment fund from targeting programs exclusively based on race are likely to further undermine racial equity. This year has taught us that a path toward equity requires a steadfast commitment and a coalition of dedicated individuals and partners.

Throughout 2023, we’ve had the privilege to continue to invest in gap-closing tech startups and work with our phenomenal partners, grantees, investors, entrepreneurs, educators, and scholars in transforming tech to better reflect our communities and meet the needs of the future ahead. Here’s what we’ve been up to:

Review Highlight

$10.7M deployed across 19 Kapor Capital portfolio companies

Review Highlight

$8.9M distributed from Kapor Foundation toward efforts to build an equitable tech ecosystem

Review Highlight

4,664+ youth exposed to STEM through SMASH digital and in-person events

Review Highlight

83% of SMASH scholars grew in their technical STEM skills through programming

Kapor Capital

Throughout 2023, Kapor Capital has remained committed to investing in early-stage tech startups that close gaps of access for low-income communities and communities of color. This year, our team doubled down, driving capital specifically toward founders who use their lived experience to address real needs in their communities, bringing better access to healthcare, education, opportunities for upskilling, financial wealth building, and more.

Highlights/By The Numbers

$10.7M

deployed across 19 companies

9

new investments entered the Kapor Capital portfolio

77%

of the recipients of capital deployed in 2023 are companies with at least one underrepresented founder and one woman founder

21

curated events by our Platform team, fostering a dynamic ecosystem for innovation, collaboration, and growth for Kapor Capital founders

Kapor Foundation

In 2023, the Kapor Foundation continued its work to create a more equitable technology ecosystem that addresses longstanding racial inequality, creates economic opportunity, tackles critical societal issues, and reflects the power and perspectives of Black, Latine, and Native communities.

Highlights/By The Numbers

$4.4M

deployed to mission-aligned start-ups and investment firms

$8.9M

distributed towards building an equitable tech ecosystem to implement culturally-responsive CS education, expand tech policy, and more

179 Educators

trained to deliver culturally responsive CS education across 6 states

14 Fellows

placed at mission-aligned investment firms

SMASH

After 20+ years of groundbreaking and impactful efforts to build a strong and diverse STEM workforce. Our commitment to leveling the playing field in STEM and CS education remains unwavering. We firmly believe that diversity drives innovation and is a necessity for a brighter, more equitable future. In 2023, we reimagined our programming to continue to SMASH the boundaries of what’s possible in CS and STEM.

Highlights/By The Numbers

4,664+ Youth

exposed to STEM through SMASH digital and in-person events

83%

of SMASH scholars grew in their technical STEM skills throughout the program

78%

of seniors intend to major in STEM at college

The Year Ahead

As we face a new year, with continued national dialogues shaping the way we learn, work, and coexist, the Kapor Center family of organizations, Kapor Capital, Kapor Foundation, and SMASH are doubling down on our work — creating a more inclusive technology sector for all. In 2024, we look forward to impacting more lives, fighting for bigger changes, and leveling the playing field for all in tech.

Download the 2023 Impact Report