Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted April 05, 2021


Durham’s Black Wall Street may be long gone, but a team of local angel investors is working on a comeback of sorts.

Meet Resilient Ventures, a new fund “inspired by [its] legacy,” specifically targeting African American-led startups from around the country.

This month, two years after its launch and in the midst of a pandemic, the fund closed on $3.45 million.

Twenty-four investors, “mostly accredited individual investors from their network,” contributed to the fund.

“It’s definitely been difficult and challenging,” says Keith Daniel, owner of Durham-based Madison Consulting Group.

In the wake of global racial protests and the Black Lives Matter Movement, the fund received a bump. But it wasn’t enough for them to reach their original goal of $10 million set before the pandemic hit.

Even so, Daniel is optimistic. “We feel pretty good,” he added.

Read the rest here

Terms of Service Privacy Policy Site Map
Copyright @ 2021 Globalspeak, All Rights Reserved