July 24th 2023.
The Caress Dreams Fund has been instrumental in providing financial support to women of color entrepreneurs who are looking to create change in their industries. For the past three years, the fund has donated $2.25M, and has recently announced that they are recommitting to this cause by donating an additional $500K.
This money will be dispersed amongst a select group of business owners, with each individual receiving a $50K grant. Not only will the recipients benefit from the financial boost, they will also be part of a prestigious group of entrepreneurs who have access to IFundWomen’s Crowdfunding Accelerator program. This award-winning program provides mentorship and guidance to help business owners take their brands to the next level.
Caress and their co-founding partner, IFundWomen, are devoted to closing the gap between venture funding and the businesses of women of color. By their estimates, only 1% of these businesses are given the opportunity to gain access to the capital and resources they need to succeed. Their mission is to create an equitable business landscape for all entrepreneurs, regardless of background, to thrive.
This initiative is particularly important for Black women and other women of color, who are often not given the same opportunities as their white, male counterparts. In partnering with IFundWomen, Caress is able to provide these entrepreneurs with the means to make a change in their businesses.
If you are interested in applying for the program, keep an eye out for the next opening round in the summer. To learn more about the initiative and support the cause through crowdfunding, visit IFundWomen’s homepage.
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