We know that companies with a female founder perform 63% better on average than all-male founding teams (FIRST ROUND CAPITAL, 2015). Despite a greater potential to produce higher returns, women are historically underfunded, particularly women of color.

In 2018, U.S. companies raised a total of $130B in VC funding, yet only 2.2% of that total went toward female-founded companies and less than 1% of total funding was allocated toward businesses founded by women of color (FORTUNE, 2018 & GIRLBOSS, 2019).

Fearless Fund was established to address the gap that exists in venture capital funding for WOC-led businesses and to finally push the needle on the abysmal statistics that drive the current narrative for WOC-led businesses today.