Money Moves: Zeal Capital is Launching a $120M Venture Fund

DC’s inclusivity-concerned investment firm Zeal Capital Partners has new plans to kick off the summer.

According to a Securities and Exchange Commission (SEC) filing, Zeal is launching a $120 million venture capital fund. This move comes two years after Zeal opened its first fund. In 2021, the firm raised $62.1 million in an oversubscribed round to invest in early-stage fintech and future-of-work startups.

Founder Nasir Qadree declined to share more information about the new fund. Zeal’s May 11 SEC filing lists it as Zeal Capital Partners Fund II and has not yet raised the money.