SoftBank unveils $100m fund for American entrepreneurs of color

Masayoshi Son calls for fight against racial injustice as protests sweep US

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SoftBank CEO Masayoshi Son calls racism a tragedy. 

TSUBASA SURUGA, Nikkei staff writer

TOKYO -- Japanese tech conglomerate SoftBank Group will start a $100 million fund dedicated to companies led by founders and entrepreneurs of color, as protests over racial injustice and police brutality erupt across the U.S.

The Opportunity Growth Fund will be the largest fund providing capital to black Americans and people of color, the company said.

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