SoftBank initiates a venture fund focusing on minority-led startups.

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In response to the protests following George Floyd’s death, SoftBank’s CEO Masayoshi Son announced a new fund called ‘Opportunity Growth Fund’ on Twitter. This initial investment is set at USD 100 million, with potential for future contributions from SoftBank or other limited partners.

Additionally, Bank of America committed to donating one billion dollars over the next four years towards community programs and small businesses aimed at addressing economic and racial inequality.

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