Amazon makes first investments in outside VC firms, puts $150M to underrepresented founders geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.
Amazon’s Catalytic Capital initiative will offer mentorship and opportunities to startups led by Black, Latino, Indigenous, women, and LGBTQIA+ founders.
Amazon has begun funnelling $150 million through venture capital funds to businesses run by under-represented people. It hopes the effort will help grow these businesses and provide new jobs.