The scheme will involve increased investment in black-led companies and capital firms as well as the formation of an accelerator for black entrepreneurs.
US-based internet and technology conglomerate Alphabet pledged yesterday to commit $100m to investing in black-led companies and investment funds as well as organisations supporting black entrepreneurs.
Alphabet is one of several large companies to respond to the increased public presence of the Black Lives Matter movement in recent weeks, and CEO Sundar Pichai announced the latest plans having already pledged $12m to organisations tackling racial inequality earlier this month.
The commitment will include an increased contribution to Plexo Capital, the…
