(TechCrunch) Fearless Fund, an Atlanta-based fund that invests solely in women founders of color, has responded to the suit filed against it by the American Alliance for Equal Rights (AAER), accusing it of racial discrimination.
In a statement, the fund said that it was “proud of the work [it has] done at the Fearless Fund and Fearless Foundation with the consistent and invaluable support from our corporate partners, investors, mentors, and advisors,” adding that it is “firm in [its] purpose to provide a gateway to economic freedom.” Fearless Fund also noted that of the $288 billion that venture investors put to work in 2022, less than 0.4% of it was raised by women of color.
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