Best buy commits up to $10m investment in brown venture group's inaugural fund

Minneapolis, aug. 5, 2021 /prnewswire/ -- brown venture group llc, a venture capital firm formed to fund black, latino and indigenous technology entrepreneurs, announced today that best buy (nyse: bby) has committed up to $10m to its inaugural fund. brown venture group, a majority black-led organization, was founded in 2018 with the goal of raising $50 million to invest in entrepreneurs of color who in the past have not had access to venture capital and have experienced economic barriers to contribution.
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