Separately, MaC Venture Capital, a US-based seed-stage venture capital firm majority-owned by black investors, has raised $103m.

Nubank, a Brazil-based bank, has launched a corporate venture capital fund targeting black entrepreneurs

Nubank’s R$1m ($) Semente Preta fund will invest in Brazilian afro-descendente founders’ seed rounds. project website.

Separately, MaC Venture Capital, a US-based seed-stage venture capital firm majority-owned by black investors, has raised $103m for its debut fund including corporate commitments.

The fund’s limited partners include retailer Foot Locker, investment bank Goldman Sachs, Bank of America, VC firm Greenspring Associates, Howard University, MacArthur Foundation, the University of Michigan, the…

James Mawson

James Mawson is founder and chief executive of Global Venturing.