BOSTON, MA, Stackwell, a digital investment platform created to eliminate the racial wealth gap, announced the successful closing of a $3.5 million seed funding round. The funding round was led by Michael Gordon, President of Fenway Sports Group, Jeremy Sclar, CEO and Chairman of WS Development and The Kraft Group.

The seed round also included participation from CMFG Ventures Discovery Fund; Shea Ventures; SSC Venture Partners; Shorehaven Wealth Partners; Former U.S. Senator William 'Mo' Cowan, Chief Legal and External Affairs Officer of Devoted Health; Corey Thomas, Chairman and CEO of Rapid7; Damian Wilmot, Senior Vice President, Chief Risk and Compliance Officer of Vertex Pharmaceuticals; Terence Rozier-Byrd, Partner of Akin Gump Strauss Hauer & Feld LLP; Michael Fricklas, Chief Legal Officer and Corporate Secretary of Advance Publications; Sam Kennedy, CEO of the Boston Red Sox; Theo Epstein, Consultant to Major League Baseball; Louis Maiuri, President of State Street Corporation; and John Plansky, Executive Vice President of State Street Corporation, among others.