Sway Impact (formerly Nex Cubed) is honored to be selected as a recipient of the State Small Business Credit Initiative (SSBCI) funding, announced by Vice President Kamala Harris as part of the Biden-Harris Administration’s effort to support underserved entrepreneurs. This $32 million investment, aimed at women- and minority-led venture capital funds, will unlock over $90 million in capital to help scale early-stage businesses, with a focus on underrepresented founders.

Through this initiative, Sway Impact's HBCU Founders Fund will continue its mission to drive entrepreneurial growth within Historically Black Colleges and Universities (HBCUs). Read the full White House announcement here.