WHAT IS UNLOCKED CAPITAL?
Unlocked Capital is a fund dedicated to investing in the success of ventures founded by returning citizens. Through its incubator and fellowship, Unlocked Capital will provide the educational programming, mentorship and networking opportunities necessary to help returning citizens start, support and grow businesses.
1 in 4 adults (65 million people) in the United States now has a criminal record.
One year after release, up to 60% of formerly incarcerated people are not employed.
Connecting 100 formerly incarcerated with employment would produce $1.2 million in annual earnings and $55 million in total post-release lifetime earnings.
Employment of formerly incarcerated individuals contributing to 1,500 fewer recidivists would allow for closure of a prison facility for an annual cost savings of more than $26 million.
WHAT WE DO
Unlocked Capital is pre-seed and seed investment fund pursuing the
most promising companies and ideas created by underrepresented
founders who are reentering society.
The Unlocked Incubator is a the three-month incubator that will be equipped with the resources, capital, education and mentorship to ensure the success of our entrepreneurs.
The Unlocked Fellowship is designed for those who do not desire the entrepreneurial route and provides an opportunity to work for existing businesses to provide a livable wage to support them through their reentry.
Passionate about driving diversity in the fashion and entertainment industries, LaTrice launched her career in New York at two of the premier modeling agencies, Elite Models and IMG Models as an Assistant Model Manager. After years of working to the strengthen the professional profiles of some of the world's top fashion talent, LaTrice leveraged her skills into Operations, Business Development and Account Management functions for 1stdibs, AlleyNYC and The Lean Startup Machine, all startups in New York’s Silicon Alley.
As a champion for diversity and representation, her experiences in the fashion and startup sectors motivated her to be a catalyst in minimizing the lack of investment in underrepresented and minority entrepreneurs including returning citizens and veterans. Inspired by LaTrice’s own father who spent over 24 years in prison, Unlocked Capital was conceived after witnessing the barriers that returning citizens face while trying to reintegrate into society.