Thinking of getting angel investors, but not sure where to start? Where should you look? What questions should you ask them? Firstly – let’s address the elephant in the room. What is an angel investor? Angel investors are individuals who invest in entrepreneurial ventures like startups using their own capital in exchange for equity. They often provide the startup founders with capital for their business, but they do not have any operational voting rights in the company. Angels can come from different backgrounds, such as venture capitalists, corporate investors, wealthy
Elon Musk is set to buy Twitter for $54.20 per share, which equates to approximately $44 billion and it seems Meek Mill wants a slice of the pie. Musk, who made the shock bid weeks ago, said Twitter had “tremendous potential” that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts. He is the world’s richest person, according to Forbes magazine, with an estimated net worth of $273.6bn mostly due to his shareholding in electric vehicle maker Tesla which
Black tech entrepreneur Bill Spruill reportedly turned his employees into millionaires when he sold his startup Global Data Consortium for an undisclosed amount. Global Data, which he launched make in 2012, makes software that verifies the identity of people behind online transactions, an important step in eliminating potential fraud. Though financial details have not yet been revealed, Spruill described the deal to Axios as a “Bronto-level transaction,” which was acquired by NetSuite for $200 million in 2015. When Spruill started the Global Data Consortium he only raised $5 million from investors – this is rather
Influencer marketing agency Fanbytes has been acquired by digital media agency Brainlabs for an undisclosed fee. The UK-based 65-strong business was launched by its chief executive Timothy Armoo, chief operating officer Ambrose Cooke and chief technology officer Mitchell Fasanya in 2017. Fanbytes now works with a client list that spans Samsung, Nike, Ubisoft, Mattel, Estée Lauder and H&M. The agency also formed a talent management business dubbed Bytesized Talent. Now, it represents some of the biggest creators in the UK like EmandLoz (fashion and entertainment), and Mr Tov (comedy, lifestyle
Norebase, the trade technology company building a single platform for businesses to start, scale and operate in any African country, has secured a $1M pre-seed funding round. The company is laser-focused on building two-pronged platforms that offer African and non-African businesses access to the African continent as one big market while creating a channel where African founders can access the international markets (such as the USA). Using Norebase, established companies can expand to new locations while new businesses can be incorporated in any African country of their choice in just a
Karat, the world’s largest interviewing company, has just announced a strategic investment from Serena Williams to significantly scale Brilliant Black Minds, a program that improves access and inclusion across the technology industry. Brilliant Black Minds was launched to close the Interview Access Gap that disproportionately impacts Black software engineers. The scope for the initiative was realized after Black engineers Karat and Howard University surveyed said their confidence levels increased with more interview practice. There’s no doubt that Black software engineers face multiple barriers to entry for jobs in the tech
daba, an abbreviation for “Democratizing Access to Business in Africa” is set to launch soon and aims to give individuals interested in investing in exclusive markets in the continent of Africa the chance to do just that. The waitlist, which is reported to have quietly opened in the fall of 2021, has reportedly grown to more than $2.5M USD in capital pledges toward promising African investment opportunities. Established as Africa’s first social investment application, daba’s mission is to make investing in Africa possible for investors of any level. To elevate their commitment
Entrepreneur Jordan Edelson has announced his next venture with the launch of TradeZing, a live-streaming, social engagement, Web3 platform designed for Millennial and Gen Z traders. The platform claims to “harnesses the power of community and content creation across stocks, cryptocurrency, NFTs and the Metaverse to educate, elevate and entertain.” TradeZing’s announcement comes on the heels of their sponsorship of Bitcoin 2022 in Miami, the world’s largest Bitcoin conference of the year. It aims to create a community and provide traders with fun, educational and entertaining content. Featuring livestreams on trending
Crypto payments infrastructure firm MoonPay received $87 million from an array of celebrities as part of its $555 million Series A round including Drake and Snoop Dogg. The Miami-headquartered startup received a $3.4 billion valuation after closing its Series A funding round last November. The investment was led by Coatue and Tiger Global Management. The firm provides payment infrastructure to let people exchange fiat currencies and crypto using all traditional payment methods, such as debit and credit cards, Apple Pay and Google Pay. MoonPay has previously acted as a kind of “concierge” for
After securing $32 million in a Series A funding round back in February, Canela Media became one of the largest funded Latino-owned companies. The New York-based digital media technology company was launched in 2019 in an effort to cater to Latino and Spanish-speaking communities and it claims to currently reach more than 50 million unique Hispanic viewers across its over 180 premium Spanish-language websites. Canela’s streaming-video app, Canela.TV, is entirely free and supported by ads. Its app, which was launched in 2020, offers on-demand licensed and original shows, as well as
