Founded in 2015 by Arlan Hamilton, Backstage Capital is based in Los Angeles and focuses on minimizing funding disparities by investing in pre-seed and seed stage startups led by high-potential founders who are people of color, women, and/or LGBT. The firm operates an accelerator program called The Backstage Studio, which supports startups led by women, people of color, and LGBTQ founders in multiple locations. Backstage Capital has invested in a range of industries, with a particular focus on software and healthcare, and has backed companies such as Aquaai, Seed&Spark, and BeVisible.