Chicago-Based VC Firm Chingona Ventures Closes $52M Fund II

Written by Abel Rodriguez

May 9, 2022Updated: May 9, 2022

For the most part, tech is a male-dominated industry. From company executives to staff, employees are more likely to identify as male than any other gender. For VC firms, the same is true. According to 2021 data from Chicago:Blend and the Polsky Center at the University of Chicago, 66.15 percent of roles at VC firms are held by men while women make up 33.85 percent of these roles in Chicago.

Chingona Ventures, a woman-founded Chicago-based VC group, is actively breaking the mold of traditional VC firms and recently raised a new fund to invest in women and minority-founded startups. The VC firm, founded in 2019 by Samara Hernandez, gets its name from the Spanish slang term “chingona,” which translates to a woman who is fearless and intelligent, according to the company’s website.

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