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The first two companies slated to receive investments are:
Equiano, a London-based Afro-Caribbean rum brand founded by Ian Burrell and Aaisha Dadral and named in honor of writer and abolitionist Olaudah Equiano, who was enslaved at 11 years old and later bought his freedom using money he earned trading rum.
Jack From Brooklyn, Inc., the first-known Black-owned distillery in the country following Prohibition.
The fund is now accepting applications on its website. One day, someone would be willing to invest in it and in me
Jack From Brooklyn, Inc., founded by Jackie Summers, is the maker of Sorel Liqueur, a traditional Caribbean liqueur blending flavors of hibiscus, cloves, ginger, nutmeg and cinnamon. Sorel will make its comeback to the spirits market this year thanks to Uncle Nearest Venture Fund s investment.