Shea Moisture Does Its Part to Support Black Women Entrepreneurs by Launching $100M Fund
It’s official! Richelieu Dennis, our Founder and CEO announced the $100 million #NewVoicesFund today at the 2018 #EssenceFestival in New Orleans! The fund provides women of color entrepreneurs with the access, capital and expertise that they need to grow their businesses and transform communities. #TogetherWe Can change the world!
Natural beauty brand Shea Moisture is making it their mission to provide entrepreneurial opportunities and support to women of color looking to start their own businesses.
Over the weekend, brand CEO Richelieu Dennis announced the launch of the New Voices Fund, a $100 million initiative dedicated to providing Black women entrepreneurs with unmatched access to the capital, expertise and resources they need to run a successful business.
“ … About six months ago, we announced that we were launching the new voices fund,” Dennis said during a press conference at Essence Festival, according to Vibe. “I’m proud to say that we get to officially launch the $100 million New Voices Fund for women of color entrepreneurs. Over the past six months, we’ve already either invested in or committed to, over $30 million in black women entrepreneurs.”
According to the fund’s website, the initiative is meant to “… support start-ups, establish businesses and community-based enterprises. The goal is to deliver unprecedented impact to our communities by ensuring New Voices of entrepreneurship learn, grow and thrive for generations to come.”
For those interested in applying, the application is now live on the New Voices Fund website.