Apple adds $25 million venture capital commitment for minority-owned businesses

FILE PHOTO: Apple logo is seen in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Apple said on Wednesday it is investing an additional $25 million to three funds working with minority-owned businesses, bolstering its backing for communities that continue to be underrepresented in the technology space.

The funds would go to Collab Capital, Harlem Capital and VamosVentures and boost the tech giant's venture capital support for diverse businesses, to $50 million.

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