Following the widespread protests in the US over the death of George Floyd, Japanese giant Softbank has responded with a $100m fund that will invest in companies led by disadvantaged entrepreneurs.


The Opportunity Growth Fund has been announced on Twitter, and aims to invest in companies “led by entrepreneurs and founders of colour”


Softbank has had a difficult time recently, recoding record losses linked to the WeWork IPO and the performance of its start-up investment vehicle the Vision Fund, and founder and chief executive Masayoshi Son as compared himself to Jesus in a press conference – a strategy that worked rather badly for the Beatles in the past – another entity to which Son has compared himself. None-the-less it is clear that Son does regard the company as having a significant social responsibility, and that its funding schemes will play more that only economic dividends.

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