Fearless Fund announces Closing of Grant Program for Black Women

With a recent declaration, Fearless Fund has announced the closing of its grant program dedicated for Black women business owners. The program has finally come to the conclusion of closing the grant after battling for a year over racial discrimination.

Founded in 2018, Fearless Fund caters in the Venture Capital and Private Equity Principals industry with headquarters in Atlanta, Georgia. The primary motive of the organisation is to invest in businesses that are led by women of color.

After a court filing, the venture fund and attorneys representing conservative activist Edward Blum have settled (as per the firm’s statement), while asking the court to dismiss the case once and for all. Both the parties have admitted that the fund has come to the agreement of closing its Fearless Strivers Grant contest.

Edward said, “As of today, the Fearless Fund has permanently closed the grant contest and will never reopen it. The American Alliance for Equal Rights encouraged the Fearless Fund to open its grant contest to Hispanic, Asian, Native American and white women, but Fearless has decided instead to end it entirely.”

One amongst the lead attorneys representing the Fearless Fund Alphonso David added, “The agreement is very narrow and does not restrict or relate to any other investment or charitable activity of the Fearless Fund or the Foundation going forward. The Fearless Fund can now continue their work toward expanding economic opportunity.”