Two prominent Milwaukee business leaders recently left their positions to launch a new venture capital firm that they say will invest in startups founded by women and other entrepreneurs who historically have been undercapitalized in the industry.

Earlier this month, Jennifer Abele and Raquel Filmanowicz founded VC 414, a firm that intends to invest in early-stage companies across industries from around the country and in the Milwaukee area.

“We want to change the face of venture (capital),” said Filmanowicz, noting that there are few Latina-led venture firms in the U.S.

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