Best Buy to Invest up to $10M in VC Firm Focused on BIPOC Startups
Retail TouchPoints
AUGUST 5, 2021
Brown Venture Group , a venture capital firm focused exclusively on Black, Latinx and Indigenous emerging tech startups, will receive an investment of up to $10 million from Best Buy. The fund’s goal is to help break down systemic barriers for BIPOC entrepreneurs, including lack of access to capital. Black and Latinx founders represented only 2.6% of funding in 2020.
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