· investment-strategies · 1 min read
Zeal Capital Partners Closes $82M Fund II, Triples AUM
Zeal Capital Partners closed an $82M Fund II, tripling AUM to $186M in five years to back inclusive fintech, healthcare, and future-of-work startups.
Zeal Capital Partners closed Zeal Fund II at $82M, bringing AUM to $186M across three funds — more than tripling its assets in five years.
Key facts
- Firm: Zeal Capital Partners (Washington, D.C.; founder Nasir Qadree)
- Fund II: $82M (May 2025); $186M total AUM
- Strategy: Lead/co-lead seed; $1-2.3M checks; 50% reserved for follow-ons
- Sectors: Fintech, healthcare, future of learning & work
- LPs: Citi Impact Fund, MassMutual, Wells Fargo, M&T Bank, Spelman College
Why this matters
With ~80% of Fund I LPs re-upping, Zeal Capital Partners’ “Inclusive Investing” thesis — backing underrepresented teams building wealth, health, and work infrastructure — has proven durable through a tough fundraising market.
Sources
- Zeal Fund II $82M close (Business Wire): https://www.businesswire.com/news/home/20250528777357/en/Zeal-Capital-Partners-Closes-%2482-Million-Zeal-Fund-II-More-Than-Tripling-Assets-Under-Management-in-Five-Years
- Zeal Capital Partners Fund II (TechCrunch): https://techcrunch.com/2025/05/29/zeal-capital-partners-announces-close-of-82m-fund-ii/
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