Overlooked Ventures has raised enough to make its first investments

Overlooked Ventures LP, a firm focused on investing in diverse founding teams, has raised enough in five months to back its first four startups, with a fifth deal in process. Founded in May, the fund has commitments of $8.5 million toward a two-year goal of $50 million. Founding partners Janine Sickmeyer and Brandon Brooks started closing deals with startups right after hitting $5 million, instead of the typical practice of waiting for at least one-fifth of the fund to be raised, Sickmeyer said. "We…