Fearless Fund has recently made a significant investment in the e-commerce platform Zimi. This is seen as a positive move following their settlement with AAER, suggesting a pivot back to their mission of supporting entrepreneurs.
CEO Arian Simone noted that since the lawsuit settlement, Fearless Fund has been actively investing in companies and continuing their efforts to support marginalized entrepreneurs, including completing multiple investments this year.
The investment comes as a part of Fearless Fund's strategy to move forward positively after a year of legal challenges. Their commitment to funding overlooked founders remains strong.
The firm has also launched a $200 million debt fund in collaboration with a CDFI, aimed at providing loans to overlooked business founders, reinforcing their mission.
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