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The Latino Business Action Network (LBAN) cultivates economic growth by empowering Latino entrepreneurship across the United States. It achieves this through a multi-pronged approach encompassing dedicated research, educational programs, and community-building initiatives. LBAN’s core offering includes a Startup Accelerator designed to support early-stage Latino entrepreneurs with specialized education, mentorship opportunities, and access to a robust founder community.
LBAN was founded in 2012 by a collective of Stanford GSB Latino alumni, including Jerry Porras. The organization officially dedicated itself to its mission in 2013, stemming from an insight that fostering Latino entrepreneurship was a critical pathway to strengthening the overall U.S. economy. This foundation underscores a commitment to leveraging education and strategic support to unlock entrepreneurial potential.
The organization primarily serves Latino entrepreneurs and business owners, providing them with resources to scale their ventures. LBAN’s long-term vision is to advance Latino entrepreneurship nationwide, thereby contributing significantly to the dynamism and resilience of the American economic landscape. It continues to focus on broadening its impact through strategic programs and informed advocacy.
LBAN has 1 tracked investment across 1 company. The latest tracked deal is $30.0M Series B in Salonkee in June 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2023 | Salonkee | $30.0M Series B | PeakSpan Capital | TPY Capital, JOE Caruso, Expon Capital, Fortino Capital |