Stackwell, a digital funding platform focusing on the black group, has raised $3.5 million in a seed funding spherical.
The funding spherical was led by Michael Gordon, president of Fenway Sports activities Group, Jeremy Sclar, CEO of WS Growth, and The Kraft Group.
Stackwell will use the funds to assist the upcoming launch of its first product, a robo-investing app. that guarantees to advertise accessibility, training and assist all through the funding course of.
Trevor Rozier-Byrd, CEO, Stackwell, says: “At Stackwell, we consider that the racial wealth hole is the social justice subject of our time.
“With the assist of our buyers, we’re on the trail in direction of addressing this, and different systemic social points, by enabling extra folks within the Black group to construct fairness by proudly owning fairness.”