Fearless Pitch announces $100,000 competition for female founders of colour

Fearless Pitch announces $100,000 competition for female founders of colour

Published: 30-10-2020 12:08:00 | By: Bob Koigi | hits: 2131 | Tags:

The Fearless Fund has announced the Fearless Pitch competition for women of color business owners. Startups will compete for a chance to win an equity investment of $100,000 from the Fearless Fund.

Known for its commitment to grooming high performing early-stage minority-owned businesses, the Fearless Pitch will host a series of industry diverse categories with its November showcase dedicated to founders in the beauty industry. Fearless Pitch finalists will face-off in Atlanta for a “Verzuz” style finale hosted by a surprise celebrity guest on November 22, 2020. Applications are open now through November 7, 2020.

The Fearless Fund has hosted pitch competitions at Facebook Headquarters & Spanx Headquarters with brand partners such as Coca-Cola, UrbanSkinRX, Bumble, and more. The Fearless Fund is the first fund led by women of color for women of color. General Partner co-founders entrepreneur Arian Simone, actress Keshia Knight Pulliam, and global leadership executive Ayana Parsons organized the Fearless Fund to invest capital into the businesses of minority female entrepreneurs.

While Black women-owned businesses are the fastest growing demographic of startups in the U.S., less than 1% of women receive VC funding.

Arian Simone, co-founder, Fearless Fund: “Black women have been overlooked for opportunities and the investments needed to scale their business for far too long. The Fearless Fund is committed to rewriting the narrative for female founders and funding the dreams of women of color led startups.”

Female beautypreneurs from across the country are invited to apply to the Fearless Pitch’s beauty edition and should satisfy the criteria of the Fearless Fund’s portfolio investments listed at www.fearless.fund.

 Applicants will submit a written application and Instagram reel for consideration. The top 10 semi-finalists will create an IGTV video to advance to the next round. Two finalists will be selected to prepare for a live Q&A about their industry, startup, and their founder journey.

www.fearless.fund