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- 📝 Fearless Fund shuts Strivers Grant program
📝 Fearless Fund shuts Strivers Grant program
Liam Gill
September 12, 2024
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Fearless Fund has agreed to shut down its Strivers Grant program after settling with the American Alliance for Equal Rights (AAER). The program, which provided $20,000 to Black women entrepreneurs, was challenged by AAER, alleging racial discrimination in violation of the Civil Rights Act of 1866. While Fearless Fund's CEO Arian Simone affirmed the firm's commitment to supporting underserved entrepreneurs, she also announced plans for a $200 million debt fund to assist those needing financing, signaling a shift in focus after the program's closure.
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