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The Black Economic Alliance Entrepreneurs

The Black Economic Alliance Entrepreneurs Fund LP, which is raising $50 million to support young startups, is over halfway towards its goal. As stated in a filing last week with the Securities and Exchange Commission, the fund has currently raised $28.5 million and is led by venture capitalist Melissa Bradley. The Washington Business Journal reported that she shared that the fund’s investment will focus on young companies that specialize in products or services in four key areas: financial inclusion, health and wellness, sustainable communities, and what she called “narrative change”—companies focused