When Black women want something done — we have to do it ourselves. The same holds true when it comes to bridging the funding gap for Black female entrepreneurs.
, founded by actress Keshia Knight Pulliam and her business partner Arian Simone, will deploy $5 million in pre-seed, seed, and Series A startups.
The fund already has five portfolio companies, including , a beverage company founded by ‘Forbes 30 Under 30’ entrepreneur Nailah Ellis-Brown; , an Atlanta-based fintech platform for women entrepreneurs; and 100 Black Angels Fund, a fellow investor in minority-founded startups.
Simply put: these two Black women are addressing inequity by building equity of their own.
Through the Fearless Fund, Simone and Pulliam are highlighting how diversity significantly impacts a company’s performance and potential to provide investor returns.
The two first-time fund managers have also brought on several established power players in the entrepreneurial space to help the initiative reach its’ full potential. Entrepreneur Rodney Sampson (Opportunity Hub founder and a Professor of Entrepreneurship at Morehouse College) and Tracy Gray (founder and Managing Partner of venture capitalist firm The 22 Fund) have both joined the team as advisors.
The Fearless Fund plans to invest in about 20 more companies over the next few years. Well done, ladies!