Friday, 24 March, 2023

Amazon To Invest $150 Million On Builders In Tech

<p>Amazon launched Amazon Catalytic Capital, which is a $150 million commitment mainly focused on investing in startups built by Black, Latino, Indigenous, women, and LGBTQIA+ which go underrepresented in tech. Till now, the recipients are firms like Techstar&rsquo;s $8 million pre-seed vehicle and Collide Capital. The main goal is to not just support entrepreneurs but also the people who support entrepreneurs. It will support more than 200 companies by next year</p>