Fearless Fund is a Black women owned firm that invests in women of color-led businesses seeking pre-seed, seed level, or series A financing. Its mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies.
To help further access to funding for Black women, Mastercard today announced a multi-million dollar investment in the $25 million fund.
The investment will allow Fearless Fund to further expand its portfolio of women of color founded and co-founded companies in the consumer packaged goods, food & beverage, beauty, fashion, and technology sectors.
“This multi-million dollar investment from Mastercard is further proof of their commitment to providing resources in an effort to better serve the hard-working but severely underfunded Women of Color entrepreneurs who so deserve equal capital distribution. We have been working together with Mastercard for almost 3 years now and look forward to growing this relationship,” says Arian Simone, Co-Founder & General Partner of Fearless Fund.
Other investors in Fearless Fund include PayPal, Bank of America, Invest Atlanta, and the Florida A&M University Foundation.
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