Fearless Fund and Harlem Capital are among the funds PayPal plans to back as part of a $530m pledge to support racial equity and economic equality.
Payment services provider PayPal has committed a total of $50m to eight early-stage venture capital firms targeting black and Latinx-founded companies in the US.
PayPal named seven of the eight funds in its press release: Chingona Ventures, Fearless Fund, Harlem Capital, Precursor Ventures, Slauson & Co, VamosVentures and Zeal Capital Partners.
The commitments form part of a $530m pledge announced by PayPal in June this year to support black-owned businesses and other underrepresented minority groups in the fight for equity…
