Former NASA aerospace engineer and future Blue Origin astronaut Aisha Bowe has raised $2.5 million for LINGO, her EdTech company focused on enhancing STEM education. This funding round, led by Pinnacle Private Ventures LLC, is a step towards a venture capital aimed at supporting women and minority-led startups. Expanding Access to STEM Education LINGO offers project-based coding kits and curricula designed for students aged 13 and up, covering subjects such as artificial intelligence, space systems, and environmental monitoring. The funding will enable LINGO to expand its reach, scaling programs that
Boeing Co. has disbanded its global Diversity, Equity, and Inclusion (DEI) team, signaling a shift in corporate strategy under new CEO Kelly Ortberg, according to Bloomberg. This decision aligns with Ortberg’s broader effort to revamp Boeing’s workforce as the company deals with financial setbacks and pressure from conservative critics. Strategic Workforce Cuts and Leadership Changes The dismantling of Boeing’s DEI department comes as Ortberg oversees a large restructuring plan aimed at stabilizing the aerospace giant’s finances. The company, which plans to cut 10% of its workforce, has been focused on
Black Tech Saturdays (BTS), an initiative propelling Detroit’s Black tech entrepreneurs, has been awarded a $1.2 million grant from the Gilbert Family Foundation. This two-year funding will enable BTS to widen its scope of support through increased access to mentorship, capital, and essential resources for local innovators who participate in its workshops. Investing in Detroit’s Black Tech Community Founded in April 2023 by husband-and-wife team Johnnie and Alexa Turnage, BTS has quickly become a hub for budding entrepreneurs, drawing hundreds each week to its Saturday events. This grant will be
Khaby Lame, the wordless comedian known for his witty, reaction-based TikTok videos, remains the platform’s most-followed creator with an impressive 163 million fans. As he continues to entertain and connect with audiences globally, Lame’s massive influence is now a powerful force in the creator economy—a sector worth $250 billion and expected to nearly double to $500 billion by 2027. TikTok’s Top Creator Holds Strong Amid Growing Competition Despite intense competition, Lame has maintained his position at the top, a feat that speaks to the universal appeal of his content. While
BBG Ventures, the New York-based venture capital firm known for supporting female founders, has raised a new $60 million fund. Co-founders Susan Lyne and Nisha Dua, who launched BBG Ventures in 2014 with a vision of investing in women-led startups, announced that the fund’s focus now includes founders from diverse backgrounds across race, income, and age. Meeting Market Needs in a Challenging Economy Amid a significant decline in venture funding for underrepresented groups, BBG Ventures’ decision to diversify its founder support comes at a critical time. In the first half
Female Founders Fund (FFF), an early-stage investment firm focused on female-founded startups, has successfully returned its first fund, a $5.85 million investment launched in 2014. This milestone positions FFF as one of the few diversity-focused funds to achieve full returns on an inaugural fund. FFF’s Early Vision Yields Strong Returns Founded by Anu Duggal, Female Founders Fund’s initial mission was clear: support female founders at a time when few investors prioritized women-led businesses. FFF’s portfolio includes investments in now-prominent companies like Maven, a healthcare unicorn focused on women’s and family
FanDuel, North America’s online gaming company, announced a $1 million donation to the United Negro College Fund (UNCF) to support students at 11 Historically Black Colleges and Universities (HBCUs) across North Carolina. The funding is aimed at alleviating financial pressures for these students by covering essential needs, including technology, housing, food security, and tuition costs, through UNCF’s Emergency Student Aid program. Supporting Educational Access and Equity The donation ceremony took place on September 29 at Charlotte’s Bank of America Stadium, where representatives from FanDuel and UNCF gathered to mark the
While debates over diversity policies in corporate America intensify, new data shows that white male CEOs have been among the biggest financial beneficiaries of these initiatives. Farient Advisors, a compensation consulting firm, reports that 28 CEOs received diversity-linked bonuses last year, with white men making up the majority of recipients. Collectively, these executives earned nearly $5 million for achieving diversity, equity, and inclusion (DEI) goals. Top CEOs See Six-Figure Diversity Payouts American Airlines CEO Robert Isom topped the list with a $520,000 bonus tied to the airline’s DEI targets. He
Soul of America, the first Black-owned travel website, marks its 30th anniversary with a mission to empower Black travelers through guides to cities rich in Black culture, history, and businesses. Founded by Thomas Dorsey in 1994, the platform offers travel resources spanning over 150 destinations in the U.S. and abroad, curated to help travelers explore destinations that celebrate and preserve Black heritage. For this milestone, Dorsey and his team have refreshed their popular US City and international travel guides. 30 Years of Building a Legacy in Black Travel Soul of
Three-time Grammy Award winner Megan Thee Stallion is suing YouTuber and social media personality Milagro Gramz, alleging cyberbullying and false claims surrounding the high-profile shooting case involving Megan and rapper Tory Lanez. According to Billboard, the lawsuit, filed by Megan’s legal team on Wednesday, accuses Gramz of being a “mouthpiece and puppet” for Lanez. Megan’s legal counsel, the firm Quinn Emanuel, is demanding an end to what they call a “campaign of harassment.” Accusations of Spreading Misinformation and Invasion of Privacy According to the lawsuit, Gramz, whose real name is
