Amazon to invest $150 million in funds that provide underrepresented entrepreneurs with access to capital

Seattle--(business wire)--amazon (nasdaq: amzn) today announced amazon catalytic capital, a new initiative to invest $150 million in venture capital (vc) funds, accelerators, incubators, and venture studios that provide funding to entrepreneurs from underrepresented backgrounds, primarily at the pre-seed/seed stage of venture capital funding. the company will invest in funds that focus on black, latino, indigenous, women, and lgbtqia+ founders. amazon expects to support more than 10 funds and o
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