Black Business Ventures Association (BBVA) has unveiled its inaugural Founding 50 list to spotlight top-performing Black founders in the tech industry to celebrate Black History Month. The list aims to highlight Black leaders, innovators, and trailblazers who have defied all odds by successfully launching technology initiatives. “At BBVA, every day is Black History Month. We invite you to join us in honoring the contributions of Black tech founders with the launch of the Founding 50 list,” said BBVA in a statement. “This ranked list recognizes the top Black founders who have significantly impacted their
The Inflation Reduction Act (IRA) is the biggest federal climate deal in history and is great news for Black-owned carbon transformation startup Twelve. According to reports, the IRA contains $500 billion in funding to boost clean energy, reduce healthcare costs, and increase tax revenues. The Act follows negotiations on President Biden’s Build Back Better Act and is welcome news for climate startups like Twelve. “The Inflation Reduction Act, that’s been really amazing. We’re so excited about that,” said Twelve co-founder Ethosa Cave in an interview. “There’s so many provisions in there:
Carbon transformation company Twelve has raised $130 million in Series B funding to further support the engineering and manufacturing industries. The funding round was led by DCVC and included Series A investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Breakout Ventures, Munich Re Ventures, Elementum Ventures, Microsoft Climate Innovation Fund, and other investors participated in the funding round. The new funding will deploy the world’s first carbon transformation product. The product, designed to create a wide range of products with a lower carbon footprint, will use transformative technology
