Fearless Fund has filed an appeal against a court ruling that temporarily blocked their grant program for Black women entrepreneurs. The ruling came amid an ongoing lawsuit by the American Alliance for Equal Rights (AAER), which alleged the fund’s grant program was racially discriminatory. The Racial Bias Lawsuit Black-woman-owned venture capital fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level, or series A financing. The AAER brought a lawsuit against them in August 2023. Notably, AAER founder Edward Blum is the conservative activist behind the Supreme Court’s affirmative