Crunchbase data shows that while funding to Latinx founders has increased in dollar terms—from $1.7 billion in 2017 to $6.8 billion in 2021—that growth only slightly outpaced the overall increase in U.S. venture capital investments, leaving Latinx startup funding stuck stubbornly at around 2 percent of the overall startup investment pie. Meanwhile, the data shows early-stage funding, arguably the most critical phase, has stagnated almost completely in recent years, according to a report by Ctunchbase. These numbers are confusing considering Latinx-founded businesses made up about half of the net new small
Code Black Tech is committed to helping the Black community become equipped, empowered, and connected in order to enter the tech sector and thrive. Hun They hope to ensure all participants of its program are equipped for their professional role, empowered to become thought leaders and become connected to us and other supportive communities. The Code Black Tech course is delivered through joint instruction from Code Black community members and Metropolitan Community College Department of Information Technology faculty members. Students enrolled in this course will build their confidence in a
Tower Hamlets has successfully secured £250,000 of funding on behalf of the four borough LIFT initiative to deliver a Digital Hub as part of the Mayor’s Academies Programme, which aims to support Londoners hardest hit by the pandemic. The funding, which has been awarded to organizations across London, will help establish hubs to support residents into good work across a number of long-term economic growth sectors including digital. The LIFT initiative, which includes Camden, Islington, and Hackney, has allocated this funding to establish a digital hub in Tower Hamlets that
Encantos, the web3 platform empowering creators who help kids learn, has entered into a partnership with SUMA Wealth to bring non-fungible tokens (NFTs) to the Latinx community. SUMA Wealth, the leading financial technology company for U.S. Latino youth, will partner with Encantos to create educational programs simplifying the world of web3, including NFTs and cryptocurrencies, for its members and provide exclusive access and opportunities acquire NFTs from Encantos creators. The first NFT introduced to the SUMA community will be from the Emmy-Nominated Venezuelan artist Susie Jaramillo and her recently announced
LeBron James teams up with Nike for new basketball Roblox experience – the NBA star is headed to NIKELAND on Roblox “to co-create and imagine a new future of basketball together with its community.” A series of new mini-games will let fans learn the tricks that the basketball superstar nicknamed The King, uses in real life to leave his opponents dumbfounded on the court. James will also teach the hoop and its fundamentals to the fans. These lessons are designed to help players improve their basketball game in real life. Once fans
Skilled, the world’s largest virtual career center is excited to announce a formal partnership with the Blacks In Technology (BIT) Foundation, the largest community of people of African descent in the technology industry. The collaboration is to provide the Black community with unlimited access to career services which include resume reviews. It will also include 1:1 coaching/mentoring, mock technical interviews, and career counseling with a global community of elite technologists. Blacks In Technology and Skilled aim to continue BIT’s mission to “stop the divide” by establishing a blueprint of innovation and resources meant
In 2020, only about a quarter of professional computing jobs in the United States were held by women, according to the National Center for Women and Information Technology. But one Seattle group is trying to change that, and ensure women, people of color, and gender-diverse people are able to show up as themselves in this industry. Ada Developers Academy Ada Developers Academy, the tuition-free coding training program prioritizes BIPOC women and teaches them computer coding. It will accept online applications from March 7 through March 28 and local internships will be
People in the US city of New York are subject to “shocking” mass surveillance through facial recognition technology cameras, with the invasive technology especially trained on areas of the city with greater concentrations of non-white residents, new research by Amnesty International and partners has revealed today. The new analysis – published as part of a global Ban The Scan campaign – shows how the New York Police Department’s vast surveillance operation particularly affects people already targeted for stop-and-frisk across the city’s five boroughs. In the Bronx, Brooklyn, and Queens the research shows
African fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in justtwelve months.
NBA Star Jrue Holiday And Olympian Lauren Holiday To Provide $1M In Grants To Black-Owned Businesses
NBA All-Star Jrue Holiday and his wife, who is two-time Olympic gold medalist, Lauren Holiday, are on an admirable mission to help more Black-owned businesses and Black-led nonprofits. In this third round of grant funding, the athletic superstar couple will continue Jrue’s 2019-2020 season commitment where he pledged to donate a portion of his salary to the couple’s organization. Grants will be provided to organizations and small businesses that are located in the Greater Milwaukee, New Orleans, Indianapolis, and Los Angeles areas with priority given to those with a focus on social impact
