Ohio Minority Supplier Diversity Council

From Black Enterprise: New $100 Million Fund To Assist Early Stage Black Founders Being Launched By Clearbanc

A new $100 million angel fund is being launched for Black Americans and other early-stage founders as an alternative way to secure financing. Clearbanc, which calls itself the world’s largest e-commerce investor, announced it will offer the funding through a new fund called ClearAngel.

Targeting entrepreneurs with strong growth potential, the firm uses AI (artificial intelligence) to determine funding terms and a revenue-share repayment option among ways to provide founders capital access to help grow their firms.

Click Here To Read The Full Story at Black Enterprise Online

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