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The lawsuit preventing Fearless Fund from allocating funding to Black women entrepreneurs has been settled. As AFROTECH™ previously reported, Fearless Fund, currently led by founding partner Arian Simone, was sued by legal activist Edward Blum and his American Alliance for Equal Rights group. In the lawsuit, filed in the U.S. District Court in Atlanta, GA, in August 2023, the investment firm had been accused of “explicit racial exclusion” for creating a grant program that was “open only to Black females,” with the lawsuit alleging that it went against the Civil Rights Act of 1866. Blum and the group flagged Fearless Fund’s efforts of providing $20,000 in grants and mentorship directed to Black women due to a violation of “race neutrality,” The Washington Post reports. Initially, U.S. District Judge Thomas W. Thrash was in favor of the Fearless Fund, which at the time had been guided by Simone and COO Ayana Parsons, who later stepped down from her role in April 2024. View this post...
Seven diverse brands will soon be making their way into Target stores. This push is in part due to Diverse Powered Brands, a B2B global digital catalog that helps buyers connect with diverse suppliers and brands, according to its website. These efforts have led to victories for new business owners. According to a news release, 13 suppliers took part in a pitch competition, moderated by Diverse Powered Brands, in June 2023 at Target headquarters in Minneapolis, MN. Suppliers were able to pitch to Target’s wine team while founders interacted with executives from Women of the Vine & Spirits, Diverse Powered Brands and Johnson Brothers, Southern Glazer’s Wine & Spirits, and Republic National Distributing Co. What’s more, involvement in the competition came at no cost for participants but led to great rewards for the seven selected businesses, which are as follows: Boyd Cru Wines Mai Vino Mingle Mocktails Non-Alcoholic Cocktails Mom Juice Iron Side Wines Suede Rosé The Urban Wine Co. “We...
