Kapor Capital backs firms with positive social impact
Former NAACP President and CEO Benjamin Jealous, who stepped down in December, is joining a West Coast venture capital firm specializing in startups that diversify the tech industry and aim to have a positive social impact.
Jealous, who will continue to reside in Silver Spring, will become a partner in the Kapor Center for Social Impact, joining entrepreneurs and center co-founders Mitchell Kapor and Freada Kapor Klein, the center said Tuesday.
Kapor, which backs firms through its investment arm, Kapor Capital, works to close gaps in access, opportunity, wealth and participation. “I am proud to continue working on those issues with them,” Jealous said in the announcement.
Jealous, who stepped in as National Association for the Advancement of Colored People president in 2008, is credited with reenergizing the nation’s oldest and largest civil rights organization. He helped lead state and local movements to ban the death penalty, outlaw racial profiling and win marriage equality.