Fuze Fund, a Black-owned venture capital firm, has launched the $30 million Fuze Venture Growth Fund I, LP, to address funding inequities for minority-, veteran-, and women-led startups.
The fund offers capital, mentorship, and resources to support underrepresented founders, aiming to foster long-term success. Accredited investors can participate in building an ecosystem that uplifts diverse entrepreneurs through strategic support and guidance.
“At Fuze Fund, we’re not just backing startups—we’re investing in people, communities, and the next generation of ideas,” says founder Dr. T.J. Breeden. Inspired by his experience leading Emerging Entrepreneurs, Inc., a nonprofit assisting underrepresented founders, Breeden’s mission is to create equitable access to funding and support.
The firm’s creation follows alarming statistics: minority founders received only 1.1% of venture capital in 2022, dropping to 1% in 2023. “Our goal is to create a comprehensive ecosystem where diverse founders can scale with confidence,” Breeden emphasizes.
Now part of the U.S. Speaker Program, Breeden plans to expand globally, partnering with U.S. embassies and experts to advance opportunities for diverse business owners.
For more on Fuze Fund’s initiatives, visit FuzeFund.com.
