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Houston again anointed the most diverse city in the U.S. by new report

Houston is once again the most diverse city in America, says a new report. Photo by Zview/Getty Images

Diversity is currently at the forefront of the U.S. conversation, as anti-Asian hate crimes have spiked nearly 150 percent in 2021 and the Derek Chauvin trial currently broils in Minneapolis.

But now, a new study sheds some good news on the Bayou City, as Houston has once again claimed its title as the most diverse city in America. Finance website WalletHub released its report on 2021's Most Diverse Cities in America, and Houston tops out not only as the most diverse city, but also as the most diverse big city in the U.S.

To crown the diversity champion, WalletHub compared the profiles of more than 500 of the largest cities across five major diversity categories: socioeconomic, cultural, economic, household, and religious.

The annual report drills down into metrics and creates a point system on items such as industry diversity, income, age, religious affiliation, education, language, worker class, and marital status.

Towards that end, here's a breakdown of Houston's rankings (with 1 equaling most diverse and 250 equaling "average"):

  • 49th – educational-attainment diversity
  • 40th – racial and ethnic diversity
  • 26th – linguistic diversity
  • 246th – birthplace diversity
  • 15th – industry diversity
  • 173rd – occupational diversity
  • 228th – marital-status diversity

While not standing out in any one particular measurable, Houston narrowly edged out Jersey City, New Jersey with an overall diversity score of 71.87; Jersey City scored a 71.7. The next major city behind Houston is New York City at No. 3 (71.59).

Dallas follows closely behind at No. 4 overall and a ranking of 71.52. Dallas scored best in religious diversity (43rd overall) and cultural diversity (43rd overall), followed by socioeconomic diversity (68th), household diversity (159), and economic diversity (190).

Elsewhere in Texas, Arlington follows at No. 8 overall and a score of 71.19. The city scored best in cultural diversity (38) and religious diversity (90), followed by socioeconomic diversity (111), economic diversity (117), and household diversity (237).

Fort Worth comes in at No. 25 and a score of 70.12. It scored best in cultural diversity (60), followed by socioeconomic diversity (95), economic diversity (119), religious diversity (161), and household diversity (245).

Meanwhile, Austin ranked 38th overall with a score of 69.67. The Capital City scored an impressive No. 3 overall in socioeconomic diversity, followed by cultural diversity (74), household diversity (192), economic diversity (205), and religious diversity (253).

Further down the list is San Antonio at No. 66 overall and a 68.6 score. San Antonio scored best in household diversity (92), followed by religious diversity (102), cultural diversity (137), economic diversity (143), and socioeconomic diversity (205).

Houston's top ranking should come to no surprise to locals. The city topped WalletHub's diversity ranking in 2019.

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This article originally ran on CultureMap.

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Originally expected to raise $150 million, Mercury's latest fund is the largest raised to date. Photo via mercuryfund.com

A Houston venture capital firm has announce big news of its latest fund.

Mercury, founded in 2005 to invest in startups not based in major tech hubs on either coast, closed its latest fund, Mercury Fund V, at an oversubscribed amount of $160 million. Originally expected to raise $150 million, Fund V is the largest fund Mercury has raised to date.

“We are pleased by the substantial support we received for Fund V from both new and existing investors and thank them for placing their confidence in Mercury,” Blair Garrou, co-founder and managing director of Mercury Fund, says in a news release. “Their support is testament to the strength of our team, proven investment strategy, and the compelling opportunities for innovation that exist in cities across America.”

The fund's limited partners include new and existing investors, including endowments at universities, foundations, and family offices. Mercury reports that several of these LPs are based in the central region of the United States where Mercury invests. California law firm Gunderson Dettmer was the fund formation counsel for Mercury.

Fresh closed, Fund V has already made investments in several companies, including:

  • Houston-based RepeatMD, a patient engagement and fintech platform for medical professionals with non-insurance reimbursed services and products
  • Houston and Cheyenne Wyoming-based financial infrastructure tech platform Brassica, which raised its $8 million seed round in April
  • Polco, a Madison, Wisconsin-based polling platform for local governments, school districts, law enforcement, and state agencies
  • Chicago-based MSPbots, a AI-powered process automation platform for small and mid-sized managed service providers

Mercury's investment model is described as "operationally-focused," and the firm works to provide its portfolio companies with the resources needed to grow rapidly and sustainably. Since 2013, the fund has contributed to creating more than $9 billion of enterprise value across its portfolio of over 50 companies.

“Over the past few years there has been a tremendous migration of talent, wealth and know-how to non-coastal venture markets and this surge of economic activity has further accelerated the creation of extraordinary new companies and technology," says Garrou. "As the first venture capital firm to have recognized the attractiveness of these incredible regions a dozen years ago, we are excited to continue sourcing new opportunities to back founders and help these cities continue to grow and thrive.”

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