Fearless Fund has made a big move since it settled a lawsuit with the American Alliance for Equal Rights (AAER). The firm announced on Thursday a seven-figure investment into the e-commerce platform Zimi, co-founded by Audrey Djiya and Peter Nsaka. Zimi offers inventory management, handling and storage, and border logistics specifically to help businesses in […]
Fearless Fund is shutting down its contested Strivers Grant program
Venture capital firm Fearless Fund and the American Alliance for Equal Rights (AAER) have entered into a settlement agreement that will see the firm shutting down its Strivers Grant program. The program, initially sponsored by Mastercard, aimed to provide $ 20,000 to small businesses owned by Black women. But Fearless Fund was sued by AAER, […]
Fearless Fund’s founder has resigned and it’s a sad reflection on the VC world for Black women
On Monday, Fearless Fund’s cofounder Ayana Parsons announced that she was stepping down from her leadership role from the firm. She will no longer be its general partner and COO but will be off “enjoying island life” with her family, she said in a LinkedIn post. She cofounded the fund in 2019 with partner Arian […]
Fearless Fund’s Arian Simone coming to Disrupt 2024
TechCrunch has kept readers informed regarding Fearless Fund’s courtroom battle to provide business grants to Black women. Today, we are happy to announce that Fearless Fund CEO and co-founder Arian Simone will speak at the Disrupt 2024 Builders Stage in a fireside chat discussing her organization’s fight for racial equity. Fearless Fund was sued last […]
An appeals court rules that VC Fearless Fund cannot issue grants to Black women, but the fight continues
VC firm Fearless Fund has faced a setback in its plans to issue grants to Black women business owners. On Monday, an appeals court ruled against Fearless, upholding a preliminary injunction in place on the program. The court ruling said that Fearless Fund’s Strivers Grant likely violates the Civil Rights Act of 1866, which bans […]