The whisky brand’s Uncle Nearest Venture Fund will back minority-founded spirit companies and it has already invested in Equiano and Jack From Brooklyn.
US-based whisky distillery Uncle Nearest has formed a $50m corporate venture capital initiative dubbed Uncle Nearest Venture Fund.
The fund will target liqueur companies run by minority entrepreneurs including black, indigenous and female founders. It has already provided $2m each for UK-based rum vendor Equiano and Jack From Brooklyn, the US-headquartered producer of a hibiscus-based alcoholic drink.
Founded in 2016, Uncle Nearest owns the Uncle Nearest Premium Whiskey brand, which was named after an enslaved African American distiller, Nathaniel “Nearest”…
