Apple Expands Venture Capital Pledge, Investing $25 Million Alongside Harlem Capital And Other Partners

June 14, 2023

Apple, the renowned tech giant, announced on Wednesday its plan to expand its commitment to minority-owned businesses by investing an additional $25 million in three funds.

This move reflects the company’s determination to address the persistent underrepresentation of these communities in the technology sector.

The beneficiaries of Apple’s increased investment are Collab Capital, Harlem Capital, and VamosVentures.

By allocating funds to these organizations, Apple aims to strengthen its venture capital support for diverse businesses, bringing the total investment to an impressive $50 million.

This announcement comes more than two years after Apple’s initial venture into venture capital funding specifically tailored to support entrepreneurs of color.

The company has since remained steadfast in its dedication to uplifting marginalized communities within the industry.

In the wake of George Floyd‘s tragic murder in 2020, corporate entities across various sectors of the American business landscape have made commitments to take more decisive action in advancing racial equity initiatives.

Apple’s latest investment serves as a testament to the widespread recognition that meaningful change is necessary to combat systemic racism and underscores the company’s active role in promoting a more inclusive and equitable future.

Photo credit: Wikipedia.

By submitting this form, you are consenting to receive marketing emails from: Harlem World Magazine, 2521 1/2 west 42nd street, Los Angeles, CA, 90008, https://www.harlemworldmagazine.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

We're your source for local coverage, we count on your support. SUPPORT US!

Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.