PayPal Holdings announced this week that it will invest $50 million in eight early-stage, Black and Latinx-led venture capital funds in its commitment to invest $530 million to support Black-owned businesses, strengthen underrepresented minority communities in a push for racial equity and economic equality.
The firms selected represent urban centers across the U.S. and are run by a diverse group of entrepreneurs in their own right. The venture capital line-up includes: Chingona Ventures; Fearless Fund; Harlem Capital; Precursor Ventures; Slauson & Co.; VamosVentures; and Zeal Capital . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.