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Open Opportunity Fund
The SB Opportunity Fund is a $100 million venture fund focused on supporting Black, Latinx, and Native American founders. It has made 85 investments, including...
Open Opportunity Fund
The SB Opportunity Fund is a $100 million venture fund focused on supporting Black, Latinx, and Native American founders. It has made 85 investments, including a Seed VC investment in Furl on January 21, 2026. The fund has achieved 5 portfolio exits, with Career Karma exiting on September 04, 2025.
General information
Firm type
Private Equity
Year founded
2020
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Principals
Paul Judge
Chairman and Managing Partner
Marcelo Claure
Vice Chairman and General Partner
Sháka Rasheed
General Partner
Chad Harris
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Open Opportunity Fund?
Paul Judge serves as Chairman and Managing Partner; Marcelo Claure is Vice Chairman and General Partner. The investment team also includes General Partner Sháka Rasheed and Partner Chad Harris. The firm lists a nine-person team but does not separately disclose an investment committee structure.
How is Open Opportunity Fund related to SoftBank?
SoftBank is the anchor LP in Opportunity Fund 1, a $100 million vehicle. Marcelo Claure, the firm's Vice Chairman and General Partner, was previously CEO of SoftBank Group International. The relationship provides a cornerstone commitment but the firm operates as an independent manager.
Does Open Opportunity Fund participate in fund commitments or only direct deals?
The firm makes direct venture investments from its dedicated fund. The website does not describe any fund-of-funds activity. All known portfolio positions — including Brex, Eight Sleep, and Paystand — are direct equity stakes in operating companies.
What investment stages does Open Opportunity Fund target?
The firm invests from seed through growth stages. Portfolio company QuickNode, for example, is a blockchain infrastructure platform that raised at multiple stages; Cityblock Health is a later-stage healthcare services company. The mandate spans early-stage and growth within B2B software.
Which sectors does Open Opportunity Fund explicitly focus on?
The firm concentrates on enterprise IT, fintech, and health technology. Portfolio companies cluster around cloud infrastructure, AI-enabled business software, financial operations platforms, and tech-enabled healthcare services. Consumer and hard-tech verticals are not part of the stated thesis.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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