Fearless Fund and Harlem Capital are among the funds PayPal plans to back as part of a $530m pledge to support racial equity and economic equality.

Payment services provider PayPal has committed a total of $50m to eight early-stage venture capital firms targeting black and Latinx-founded companies in the US. PayPal named seven of the eight funds in its press release: Chingona Ventures, Fearless Fund, Harlem Capital, Precursor Ventures, Slauson & Co, VamosVentures and Zeal Capital Partners. The commitments form part…

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