A leading Black firm in venture capital is working with one of today’s top Black founders. According to a press release, Base10 Partners and Robert F. Smith’s Student Freedom Initiative have joined to provide Historically Black Colleges and Universities (HBCUs) with more access to venture capital.

In the face of the world’s most devastating health crisis, millions of people and businesses crumbled under the detrimental hits from the economy. To top it off, racial and gender inequality issues have surfaced at the forefront of world issues increasing the pressure of our social responsibilities. To help mend the damage done to American citizens and small businesses, Base10 Partners — the world’s largest Black-led VC firm — has announced that they’ve just raised $250 million to commit their efforts to promote more Black representation in the corporate world, The Moguldom Nation reports . The Base10 Fund II supports the firm’s initiative to invest in tech companies who are committed to working with underserved communities, governments, and real economy companies, according to Managing Partner, Adeyemi Ajao. In a Medium post, Ajao stated that the increased fund brought their attention to two things. One of those things involves what “Automation for the Real Economy” really means....