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Saturday, October 5, 2024

Amazon makes first venture fund bets with $150 mln for underrepresented founders

Oct 5 (Reuters) – Amazon.com Inc (AMZN.O) is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders. The online retailer said it is aiming to put money into more than 10 funds supporting …

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