Fearless Fund Is Doubling Down On Supporting Women Of Color Founders With Investment From Mastercard

Fearless Fund is doubling down on supporting women of color founders with investment from Mastercard

5/6/2021 3:30:00 PM

Fearless Fund is doubling down on supporting women of color founders with investment from Mastercard

“It is incredibly important for large corporations to not only make verbal promises to ignite change but also actively make financial commitments that will help build a more equitable future.”

Getty Images for Girlboss Rally NYC 2018Since forming in 2019, Fearless Fund founders Arian Simone and Keshia Knight Pulliam have committed to investing in pre-seed, seed and Series A startups led by women of color. A new multi-million dollar investment from Mastercard is helping the team double down on its mission. 

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This investment is part of the credit card company’s $500 million commitment to support Black communities and help close the racial wealth and opportunity gap over the next five years.“It is incredibly important for large corporations to not only make verbal promises to ignite change but also actively make financial commitments that will help build a more equitable future,” says Simone. 

With the new funding, as well as additional investments from PayPal, Bank of America and Costco, Fearless Fund will expand its existing portfolio of women of color founded and cofounded companies in the consumer packaged goods, food and beverage, beauty, fashion and technology sectors. The investment firm headtopics.com

including Ellis Island Tea, founded by 2016Forbes30 Under 30 Manufacturing and Industry honoree Nailah Ellis-Brown“When women of color are provided with resources to launch and scale their business, the sky's the limit,” says Simone. “We’ve seen this firsthand with the companies in our portfolio who have gone on to conquer their markets and grow incredible, long-lasting brands. 

When less than 1% of venture capital is given to women of color, Fearless Fund’s mission is to support these early-stage founders with the tools they need to access funding. The firm offers a 12-month “Get Venture Ready” mentorship and training program.

“Surround yourself with enough counsel to help navigate the industry,” Simone says.I am Jordyn Dunlap. An Indian, Mexican and Black woman from Columbus, Ohio. While my day job is being a television news reporter, my heart and passion is to see young… Read More

I am Jordyn Dunlap. An Indian, Mexican and Black woman from Columbus, Ohio. While my day job is being a television news reporter, my heart and passion is to see young women walk in their God given purpose in every avenue of life. In addition to my career in journalism, I have a mental health non-profit called iLIVE The Movement which serves as a platform of support for survivors of any form of mental illness. This life changing business that God allowed me to create came as a result of me attempting to end my own life. headtopics.com

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Fearless Fund Is Doubling Down On Supporting Women Of Color Founders With Investment From Mastercard“It is incredibly important for large corporations to not only make verbal promises to ignite change but also actively make financial commitments that will help build a more equitable future.” What a horrible, racist, post. Hopefully Mrs. Gates foundation, Pivotal Ventures will help stop the intentional division of women. HOPEFULLY

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