London-based Black Seed has raised $6.25 million to back early-stage Black founders. The fund wants to create a "Black Silicon Valley" in London by investing in seed-stage startups. Black Seed, a VC fund dedicated to backing Black founders in the UK, has raised $6.25 million to invest in early-stage tech. Based out of Brixton, south London, Black Seed is the brainchild of Cyril Lutterodt and Karl Lokko. Black Seed has indicated that intends to raise the full amount.

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Persons: Cyril Lutterodt, Karl Lokko, Lutterodt, We've, Lokko, hasn't, Black, haven't Organizations: Molten Ventures, Ventures, University of Texas, WestRiver Locations: London, Brixton, Manchester, Europe, Atomico, Black, Soho, Mayfair