The corporate is pumping $100m into the newly formed Opportunity Growth Fund, to invest in founders and entrepreneurs of colour.
Japan-headquartered telecommunications and internet group SoftBank has formed a $100m fund that will invest in companies led by entrepreneurs and founders who are people of colour, Axios reported yesterday.
The Opportunity Growth Fund was announced by SoftBank chief operating officer Marcelo Claure in an internal letter that stated it will back “companies that use technology to disrupt traditional business models”.
The vehicle’s investments will be supervised by managing partner Shu Nyatta, who is already helping to manage SoftBank’s Claure-headed Latin…
