Separately, design and marketing consultancy R/GA is expanding its venture studios program to target black-led and black-owned startups.

US-listed credit card provider Mastercard has committed an undisclosed amount to Fearless Fund, a venture capital fund investing in women of colour-led startups. Fearless Fund targets startups in consumer packaged goods, food and beverage, beauty, fashion, and technology sectors. Michael Froman, president of strategic growth at Mastercard, said: “We are investing in Fearless Fund and…

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