Apple's Racial Equity Initiative: Tech Giant Invests $25M More in VC for Minority-Owned Businesses

Apple Inc. (NASDAQ: AAPL) plans to invest an additional $25 million in venture capital to support minority businesses. The fund has been allocated to Collab Capital, Harlem Capital, and VamosVentures — three venture capital funds working with minority-owned businesses. The investments are a part of Apple's Racial Equity and Justice Initiative (REJI) program, launched in June 2020, when protests against racial injustice swept the nation. The company has more than doubled its initial financial com

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