Black-Led VC Firm Launches $30M Fund To Empower Minority, Women and Veteran Entrepreneurs
Fuze Fund has unveiled a $30 million venture capital fund aimed at empowering minority, women, and veteran entrepreneurs, seeking to bridge the equity gap in the startup ecosystem.
The newly launched Fuze Venture Growth Fund I, LP is a Reg-D 506(c) fund recently approved by the US Securities and Exchange Commission (SEC).
The fund is currently in its subscription phase and invites accredited investors to contribute alongside offering mentorship, strategic guidance, and resources to ensure the success of underrepresented founders.
A Mission Rooted in Advocacy and Impact
Dr. T.J. Breeden, Managing Partner of Fuze Fund, drew inspiration from his work with Emerging Entrepreneurs, Inc., a non-profit supporting underserved communities, including veterans.
His experience highlighted the systemic barriers these groups face in accessing venture capital.
“Far too many talented founders are sidelined due to a lack of funding,” Dr. Breeden said in a press release.
“This fund is about investing in people, ideas, and communities that have been overlooked for far too long.”
Backed by extensive research during his academic journey, the fund focuses on EdTech, Al & Robotics, Consumer Packaged Goods, Fintech, and Digital Services, with an eye on ventures led by diverse teams with innovative models.
Fuze Fund: Building More Than Just a Fund
Fuze Fund aims to shift venture capital norms by addressing alarming disparities—minority founders received less than 1% of VC funding in 2023.
Beyond providing financial investment, the fund offers founders access to a network of partnerships with institutions and industry leaders.
Additionally, Fuze Fund supports startups through consulting services. This includes fund structuring, compliance, capital raising, and ecosystem development to help emerging ventures navigate competitive markets.
“Capital alone doesn’t drive success—it’s about having the right support system,” Dr. Breeden stated.
Feature Image Credit: ABFE
