Boston based digital investment platform focused on closing the racial wealth gap raised $3.5m in Seed funding led by Michael Gordon (Fenway Sports Group) and Jeremy Sclar (Kraft Group).
"We are excited to grow the ecosystem of support around Stackwell through this latest funding round as it will enable us to execute against strategic company objectives, scale our operations and drive impact in the Black community," said Stackwell Founder and CEO Trevor Rozier-Byrd. "At Stackwell, we believe that the racial wealth gap is the social justice issue of our time. With the support of our investors, we are on the path towards addressing this, and other systemic social issues, by enabling more people in the Black community to build equity by owning equity."