Venture firm Nex Cubed announced today the launch of the HBCU (historically Black college and university) Founders Fund, with a $5 million investment from Costco Wholesale, which now joins as an anchor investor. The fund, which is a $40 million accelerator, seeks to foster and invest in startups where at least one founder is an HBCU student, alumni or faculty member.
This article originally appeared on Tech Crunch, read the full article here.
