Google’s Black Founders Fund has now backed 17 Brazil-based startups through the programme and may go on to invest in 13 more.
Internet technology provider Google’s entrepreneur community, Google for Startups, has announced eight new participants for the Brazilian contingent of its Black Founders Fund, Globo has reported.
The initiative launched in September 2020 with the aim of supplying seed capital to about 30 Brazil-based companies led by black entrepreneurs. Google will not take an equity stake in the companies it capitalises through the programme, which will continue to accept applications until March 2022.
The R$5m ($945,000) fund is focused on…
