Alliance with High Street Equity Partners furthers company’s strategic focus to advance opportunities for minority and female small business owners
Little Rock – Arkansas Capital is proud to be an investor in a $15M inaugural fund created by High Street Equity Partners to directly invest nationwide into emerging and potentially scalable, technology-focused businesses created by minority founders who have historically faced barriers in accessing venture capital.
According to CEO Sam Walls, the investment by Arkansas Capital will be specifically for supporting the growth of companies based in Arkansas. “We are thrilled to join High Street in its mission to improve and create value in Arkansas communities,” he said. “Focusing on stimulating economic growth and empowering entrepreneurs in underserved communities is vital to create equal opportunity for everyone in the community to thrive.”
High Street Equity Partners’ General Partner Mitch Brooks agreed. “We know that when we work together to empower those in our community who need it most, we are uplifting everyone. This investment is significant as we work to build up technology companies within the state of Arkansas,” he said.
Arkansas Capital is a private, nonprofit lending corporation dedicated to empowering entrepreneurs in Arkansas and in surrounding states, has provided flexible capital solutions to meet the unique needs of entrepreneurs, small businesses, and economic and community development projects, with emphasis on serving low-income and rural communities. Working with commercial banks, government agencies, and others at the local, state, regional, and national levels since 1957, Arkansas Capital has deployed nearly $2.4 billion in capital financing.