DJIA39807.37 47.29
S&P 5005254.35 5.86
NASDAQ16379.46 -20.06
Russell 20002120.20 4.00
German DAX18504.51 29.45
FTSE 1007952.62 20.64
CAC 408205.81 1.00
EuroStoxx 505082.85 0.10
Nikkei 22540168.07 -594.66
Hang Seng16541.42 148.58
Shanghai Comp3010.66 17.52
KOSPI2745.82 -9.29
Bloomberg Comm IDX99.49 1.18
WTI Crude-fut87.00 1.32
Brent Crude-fut81.35 -0.26
Natural Gas1.76 0.05
Gasoline-fut2.72 0.04
Gold-fut2238.40 26.20
Silver-fut24.92 0.23
Platinum-fut921.10 11.20
Palladium-fut1021.50 26.00
Copper-fut400.70 -0.30
Aluminum-spot1815.00 0.00
Coffee-fut188.85 -1.80
Soybeans-fut1191.50 -1.00
Wheat-fut560.25 12.75
Bitcoin70853.00 1787.00
Ethereum USD3571.51 95.90
Litecoin94.21 -0.92
Dogecoin0.22 0.02
EUR/USD1.0822 -0.0008
USD/JPY151.34 0.02
GBP/USD1.2637 0.0017
USD/CHF0.9054 -0.0006
USD IDX104.55 0.18
US 10-Yr TR4.206 0.01
GER 10-Yr TR2.305 0.013
UK 10-Yr TR3.946 0.01
JAP 10-Yr TR0.71 -0.012
Fed Funds5.5 0
SOFR5.33 0.01

Connect Money In Your Inbox.

Sign up to get the most important news on the business of financial services delivered daily.

Sub Markets

Property Sectors

Topics

Latest News  + Alternative Assets  + VC  | 
Amazon announced a new diversity-related initiative called Amazon Catalytic Capital that will provide funding to underrepresented entrepreneurs.

Amazon Invests $150M in VC Funds for Underrepresented Entrepreneurs 

Amazon announced a new diversity-related initiative called Amazon Catalytic Capital that will provide funding to underrepresented entrepreneurs.

The $150 million program marks the first time Amazon is backing outside venture capital firms.  

The funding will support more than 10 funds and over 200 startups over the next year. Amazon will provide access to executives and employees in addition to cash.

“We want to ensure that these companies and their founders have the same access to capital as anyone else,” Peter Krawiec, Amazon’s senior vice president of worldwide corporate development, said in a statement.

The program builds on Amazon’s other recent diversity initiatives including AWS Impact Accelerator, which backs startups led by underrepresented founders, and its $150 million Black Business Accelerator unveiled last year.

Some of the funds receiving money from Amazon include Collide Capital; Elevate Future Fund; Share Ventures; and Techstars Rising Stars Fund.

Connect

Inside The Story

Amazon

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action
New call-to-action