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Baltimore-based Fearless expands into 2 business divisions, secures $17M in financing

Daily Record Staff//August 21, 2023

Baltimore-based Fearless expands into 2 business divisions, secures $17M in financing

By Daily Record Staff

//August 21, 2023

Fearless, a Baltimore-based digital services company, Monday announced the establishment of a new division and a $17 million commitment in funding to support working capital and to fuel acquisitions.

Fearless CEO and founder Delali Dzirasa.

After 14 years as a digital services company focused on government technology, Fearless CEO and founder Delali Dzirasa said its new division, Fearless Guides, will grow its footprint as an impact company, expand internationally and help generate $1 billion in revenue. Dzirasa said the company’s future will be about the impact it makes, not the tech it builds. He added the company’s goal is to move the needle in its core focus areas of efficient government, social justice, human life and quality living.

Fearless will now comprise two business units – the digital division and the guides division. Fearless Digital, the tech division, will continue the company’s founding mission to build software with a soul. They design, engineer, and deliver digital solutions to solve problems and drive impact, helping set the stage for tech to work better for people. Fearless Guides, the people and organization enablement division, will focus on creating the conditions for organizations and their people to thrive. Through community, people and organizational enablement, they give organizations the peace of mind that their most valuable asset — their people — have everything they need to succeed.

By 2030, Fearless aims to improve 100 million lives, be positioned in 10 countries and generate $1 billion in revenue. To reach that goal, Fearless landed $17 million in financing from Truist Bank and the Maryland Small Business Development Authority (MSBDFA) and is working to raise another $10 million in capital by end of year.

To improve 100 million lives, Fearless will expand its services beyond tech to help organizations develop their people, and organizational operations and strategies. While most companies approach outcomes from either the tech side or the people and organizational side, Fearless is integrating both to holistically solve its customers’ problems.

These services are part of a new model that Fearless has developed to fill a gap in the marketplace. By becoming what it’s calling a “digital services integrator,” Fearless is combining the scalability of traditional systems integrators with modern digital services capabilities. The model is designed to overcome both the tech and organizational blockers that so often derail digital transformation efforts. Through it, Fearless is building up tech, people and organizations for accelerated, sustainable impact.


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