Uncle Nearest Invests in Equiano and Sorel Through New $50 Million Venture Fund
Uncle Nearest Premium Whiskey has announced the formation of a $50 million venture fund that will invest in minority-owned spirit brands. The Uncle Nearest Venture Fund has already provided initial funding of $2 million to London-based Afro-Caribbean rum brand, Equiano, as well as Jack From Brooklyn, the maker of Sorel Liqueur.
Uncle Nearest founder and CEO Fawn Weaver confirmed that the announcement was timed to coincide with the 100th anniversary of the destruction of Black Wall Street. "We cannot go back and undo the past, but I do believe we have full power over our future, and that recreating a Black Wall Street of sorts within the spirits industry is a great place to start," she says.
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