BKR Capital, previously known as Black Innovation Capital, recently announced that its Fund II has closed CA$20 million (around $14.5 million), as reported by TechCrunch. The Fund II Managing partner Lise Birikundavyi told TechCrunch that the fund, which is close to reaching its CA$50 million target, will support “high-growth technology companies led by founders from the Black community, building solutions for the future of work, living, and global connectivity.” It will focus on backing companies in Canada, but will also consider supporting companies worldwide. Companies will receive $250,000 and $1.5 million