Vendease, a digital marketplace that allows food businesses to buy supplies straight from manufacturers and farms, has successfully raised a seed round of $3.2 million. When a restaurant places an order, the firm’s system generates all the possible suppliers that can fulfill it. It then looks at the best pricing versus quality and assigns that order to the supplier. According to the company, founded by Tunde Kara, delivery is made within 24 hours, either by itself or by a third-party logistics provider. This is a huge milestone for the company.
A Black veteran has developed an app, Anjel Tech, that could help track racial incidents and contribute to helping find missing people of color using live stream video and location sharing capabilities. Anjel Tech, founded by James Samuel, Jr, sends information to loved ones in real-time – providing them with the exact location the video was taken from. The app, which claims to share the data “discretely”, has been described as having the potential to decrease the number of dangerous incidents young Black people often face and give their families
Software engineer Amina has created a digital resource booklet to help parents and their children learn to code. The document, which can easily be found online, consists of a whole bunch of information, including the seven coding tips parents need to know and why guardians must educate their kids on the importance of tech and coding. Amina has said: “Coding was a huge learning curve for me, and there’s so much information out there. I recently put together a beginner-friendly document with a breakdown of what my job looks like, what software
Ashleigh Ainsley was one of three Black workers at a London startup and he experienced what many would describe as uncomfortable situations – which eventually drove him to leave and use his experience to launch a social enterprise for Blacks in tech. The Oxford University graduate from Lewisham said he felt he couldn’t be his true self and struggled to navigate the London office, which consisted of 300 employees. He claims he was also asked to shave his beard while working at a startup and felt that he was being
Nyla Hayes, the creator of the Long Neckie Collection, a non-fungible token (NFT) collection worth about $3.4 million in digital currency — has just been announced as TimePieces’ first artist in residence. This is a pretty big deal for someone who is just 12 years old. Nyla is breaking down boundaries and leading the way for young Black people in tech. POCIT has simplified what her role actually means and a bit more about the young creator. Who is Nyla? Nyla Hayes is the 12-year-old creator of the Long Neckie Collection, which features diverse
Meta4 Fund Management, a cryptocurrency-focused investment management company, today announced the launch of Meta4 NFT Fund I, LP, an investment vehicle that will buy rare specimens of non-fungible tokens. The Fund’s Managing Partners are Brandon Buchanan and Nabyl Charania. The new private investment fund has secured a lead investment from Andreessen Horowitz (a16z) a venture capital firm that backs bold entrepreneurs building the future through technology. It comes at a time when NFTs have become the most interesting, entertaining, and lucrative subsection of the cryptocurrency asset class. The Fund will invest in digital
PNC Financial Services Group Inc.’s charitable foundation has announced a five-year $16.8 million grant to Howard University to build The Howard University and PNC National Center for Entrepreneurship. The center will support expanded opportunities for Black entrepreneurship with enhanced educational, leadership, and capacity-building resources and programs nationwide. As a part of PNC’s wider commitment to providing over $1.5 billion in funds to create “economic empowerment” for Black Americans, this donation is just one of the financial institution’s countless plans to support the community. It plans to provide $88 billion worth of investments,
Former NFL player Gerome Sapp’s fintech startup, Rares, has just earned $4 million in a seed funding round. MaC Venture Capital led the round on October 11, and other participants included Cake Ventures, Portfolia Rising America Funds I and II, Evolution VC, W Fund, and Gaingels, according to a press release. Launched in April of 2021 by the former NFL player, Rares offers its users fractional ownership through “rare, high-priced sneakers.” The platform’s mission is to give back to the Black community by providing access to the sneaker market “by
Singer-songwriter Mariah Carey has teamed up with cryptocurrency platform Gemini to inspire more women to get into investing. The app founded by Cameron and Tyler Winklevoss helps people buy, sell, and store their bitcoin and cryptocurrency. The star will be gifting fans $20 in the form of bitcoin when users sign up with the code “MARIAH.” A portion of the trades will be allocated toward Black Girls CODE, a nonprofit on a mission to train one million Black girls on coding to increase their involvement in the digital arena by 2040. “It’s
Beyonce has expanded her partnership with Peloton and is releasing another series today in the hope of inspiring HBCU students on their fitness journey. Peloton will also be donating their bikes to HBCU fitness facilities this fall as part of the collaboration. The 72-hour fitness session with Beyonce will include 17 classes spanning three days with content streaming globally from Peloton Studios in London and New York. For the first time, Peloton will include classes in three languages — English, German and Spanish — to be more inclusive. According to a press release
