This month, the city will be opening the Atlanta Blockchain Center (ABC) – its first blockchain startup incubator. Opening in Buckhead, the headquarters — founded by serial tech entrepreneur Marlon Williams — will welcome anyone interested in learning more about blockchain technology. The center is looking to bring together the growing Blockchain-related community and put Atlanta on the map for the development of crypto, Blockchain, and Web3.0 technologies. Fully funded and operated by Starter Labs, ABC is set to feature a coworking space and training center, according to the press release.
A new report, dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off,” published by Endeavor Nigeria, claims that Africa’s digital economy and tech ecosystem are set to experience exponential growth. New York-based Endeavor is a global community of “high-impact” founders across almost 40 underserved markets in Africa, Asia, Europe, Latin America, and the Middle East. The organization’s report intends to shed more light on Africa’s market dynamics. Here are a few interesting points from the new report. Digital landscape The estimated size of the continent’s digital economy is $115 billion
Meta Chicago is reportedly set to launch software engineering courses to bring more Black people into tech. The underrepresentation of African Americans in tech has been an issue since the 1970s when the Bay Area became Silicon Valley. And while one can say it’s gotten better, there is still a way to go. In 2018, according to Silicon Valley Bank, only 1% of venture capital dollars went to Black start-up founders, and Black employees made up only 2.8% of Google’s technical roles and 4.8% of their entire workforce. More recently, Twitter reported
According to the New York Times, federal civil rights prosecutors are now investigating Wells Fargo’s hiring practices. The launch comes weeks after we reported that some Wells Fargo managers had conducted fake interviews with Black and female job applicants. Seven current and former employees, including one former executive, told The Times that they were instructed to interview women and people of color for already filled roles. These efforts, they said, appeared to be a way to show a record of diversity efforts rather than actually hire diverse candidates. The current Wells
Jack Dorsey, the former CEO and co-founder of Twitter Inc and the founder of Block Inc, has teamed up with rapper Jay-Z to launch and self-fund The Bitcoin Academy. The 12-week program will take place in Brooklyn for Marcy House residents with the aim to provide the community with all the necessary tools to gain financial independence, inclusion, and literacy in the childhood place of Jay-Z. It will consist of a series of online and in-person classes focusing on Bitcoin, and the classes will take place twice per week. Notably, the participants of The
E-commerce platform Gander announced today the closing of a $4.2 million seed round co-led by Harlem Capital and Crossbeam Venture Partners. Gander, which collects and embeds user-generated video content into retail sites so shoppers can see what a product looks like in real life, was launched in late 2021. It also has a creator marketplace, which gives brands direct access to the video content. This round adds the startup’s founder Kimiloluwa Fafowora, 26, to the growing list of Black women who have raised $1 million or more in VC funding.
Calaxy, a Black-owned web3 social marketplace, has raised $26 million in strategic funding co-led by Animoca Brands and HBAR Foundation with support from Polygon. This raise follows a $7.5 million seed round in 2021 with investors like Animoca Brands, Red Beard Ventures, ArkStream Capital, NGC Ventures, and Genesis Block Ventures. The seed round also had support from NFL player Ezekiel Elliott, “The Bachelor” Matt James, and former PayPal head of Blockchain Strategy Jonathan Padilla, among others. Calaxy aims to build a new infrastructure that allows content creators, ranging from small influencers to big-time celebrities, to
Five to Nine, which makes event management software, has closed a $4.25 million seed round led by Black Ops Ventures. Other investors in the round include Slack Fund and Cleveland Avenue, with Mike Gamson, Sterling Road, and Concrete Rose Capital as repeat investors. The company’s software lets enterprises plan programs for their employee resource groups, which enable employees who share characteristics or experiences to come together, share resources, and connect. Jasmine Shells and Denise Umubyeyi launched the company in 2018 to help organizations manage, structure, and track employee events, meeting development programs, and Employee Resource Group (ERG) initiatives. “Five to
Lagos and San Francisco-based Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express Ventures, the strategic investment group of American Express. The round also included Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health, and Paymob. Jess Anuna first founded Klasha in 2018. At the time, the company’s focus was to make it easier for
Snoop Dogg and his son, Cordell Broadusm, have become partners in the world’s first NFT restaurant group. Snoop’s Dr. Bombay’s Sweet Exploration, an immersive retail dessert experience based on his Bored Ape NFT and Dr. Bombay character, will soon open in the Los Angeles area under the Food Fighters Universe (FFU) umbrella. FFU was founded in March by Orange County entrepreneurs Andy Nguyen, Kevin Seo, and Phillip Huynh—the team behind Bored & Hungry, the world’s first NFT-themed restaurant. FFU is a collection of 10,000 unique food fighters on the eth blockchain. Each purchase will fund the world’s
