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44% of companies founded in 2022 were in the Midwest, South, and Mountain West, yet they only received 13.6% of VC investments.

Where Companies are Founded

According to Crunchbase, 2829 companies were founded in the United States. Of those, 44% were founded in the Midwest, South, and Mountain West.

Rest of United States


Mountain West




The South


Funding Breakdown

According to Pitchbook in 2021, a total of $332.68 bn were invested in companies. Only 13.6% of investments went to the Midwest, South, and Moutain West.

Funds Invested in $$$ (bns)

% of Funds Invested







Mountain West

All Others

GDP/GPI by Region

The South, Midwest, and Mountain West contributed more than 60% of Gross Domestic Product (GDP) and Gross Personal Income (GPI) to the U.S. economy in 2022 according to the Bureau of Economic Analysis indicating a great deal of buying power in these regions.




Mountain West

All Others








Our venture firm is committed to supporting and investing in the dynamic start-ups and entrepreneurs in the Midwest, South, and Mountain West regions of the United States.

The Fund

DVRGNT Ventures is an LA- Based firm established in 2022 targeting a $10MM early stage fund agnostic to vertical and instead focused on startups based in the South, Midwest and Mountain West seeking funding rounds between $500,000-$10,000,000.

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Business growth concept

Why Now?


The next 10-15 years will see companies primarily exit via M&A versus IPOs. Corporations will target innovative startups to help make up for the inability to cultivate innovation internally due to continued constraints on resources.

Return to Middle America

The U.S. population is moving at historic rates from large urban areas and the coasts to the suburbs and middle America. The next generation of founders will be from these cities.

Back to Basics Business Fundamentals

Business fundamentals more than ever are the differentiator between resilient companies that can withstand market changes and those that are fads.

Unique Deal Flow


Accelerators, State, & University Connections

Numerous relationships with accelerators. state, and college funded programs:: Gener8tor (WI, AL, IL, NE, NV, MN, ND. OH, OK) NewChip, Illinois State Treasurer, 1871, StartOut, Kellogg and more to come

Angel Networks

Relationships with Angel Networks like Portolo Valley Partners, Gaingels, Wealthing VC, etc.

Affinity Relationships

In conversation with groups like Afrotech and Lesbians Who Tech to create opportunities for connections to founders within their networks

Our Founder

B. is the first Black trans VC founder. B. is an award-winning product & culture strategist, podcast host, startup advisor, investor, and certified executive coach, as well as a respected thought leader in agile technologies. As a dedicated enthusiast of scalable processes, great products, and culture development, B.’s fierce drive to promote diversity in tech and impact real authentic change continues to define both their professional and personal lives. B. claims both Mississippi and Tennessee as home. B. is a proud graduate of Northwestern University with a B.A. in history in addition to an MBA and master of information systems from Robert Morris University. B. is also an alum of companies like Sprout Social, Apple, Netflix,, Wyzant, and Product School.

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Some of our advisors

Representative of these industries:

  • Education
  • Construction
  • Healthcare
  • Automotive
  • CPG
  • AI
  • Media & Entertainment
  • Real Estate
  • Fintech
  • JEDI
  • SAAS
  • Marketplaces

Alissa Pagels-Minor

Dir. of Marketing Magiclinks

Gunny Scarfo

Co-Founder Nonfiction Research

McCeil Johnson

VP Accreditation U of Phoenix

Richard Watkins

Senior Legal Counsel Medtronic

Jennifer Purcell

VP, Associate General Counsel


Brandon Parkes

Head of Corporate Board Diversity


Kimberly MacLean

Culture & Belonging Expert

Dr. Michael Mazzeo



Nicholas Belgrave

VP, Risk


Catherine Jefcoat

ECG Management Consultants

Our Pledge

We pledge to allocate 1% of all our earnings towards supporting communities in the South, Midwest, and Mountain West, in order to promote innovation in those regions.

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Divergent Paths

"Two roads diverged in a wood, and I—

I took the one less traveled by,

And that has made all the difference." ~

Robert Frost

Let's work together!

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