Ziscuit, which is thought to be the world’s first grocery search engine, today announced it will launch its platform at the 2021 Techstars Farm To Fork Accelerator Demo Day. The all-new grocery search engine will initially launch in two zip codes in the Atlanta metro area. It will help budget-sensitive customers save $5 to $10 per shopping trip by instantly showing them where the cheapest groceries are in their neighborhood. After Ziscuit’s Atlanta launch, the company will target 25 additional cities. Founder & CEO Mark Anthony Peterson said he started
The UK Black Business Show aims to bring together the best Black start-ups in the country through exhibitions, workshops, interactive panels, and seminars. It’s known to be Europe’s biggest Black-Owned Business show of the year with 4,000 annual attendees, and it’s retaking place on October 30th this year. We’ve broken down everything you need to know before the event What is it exactly? According to its website, this event will enable personal, professional, and corporate development through business exhibitions, deep-dive workshops, interactive panels, and seminars delivered by industry pioneers. To
The Home Depot, the world’s largest home improvement retailer, has just announced plans to invest $10 million in venture capital funds that reiterate the company’s stance on diversity, technology, and entrepreneurship.
Although there aren’t many, Black-owned banks have gone from strength to strength and have enabled the community to accumulate savings, learn finance skills, start their businesses, and more. Some might question why these banks are necessary, and the truth is, in some parts of the world, financial exclusion has put Black people at a severe disadvantage. And if you take a closer inspection at America’s staggering wealth gap where the median wealth for a Black family is just a tenth of a White household’s – it becomes more apparent why minority-owned banks
Autumn Adeigbo has gone from a one-woman show to a team of four, increased revenue by 400 percent, and attracted attention from A-list stars including Mindy Kaling, Gwyneth Paltrow, and Kerry Washington. A year and a half ago, she raised $1.3 million in investments and set up shop in Los Angeles. Now Adeigbo, who is known for her bright designs and women’s ready-to-wear, just secured funds of nearly $3 million, led by venture capital firm Offline Ventures. This brings her total investments to more than $4 million. Brit Morin, the general
Black-Owned Start-Ups Awarded $1.2M In Financial Support Thanks To The Meda Million Dollar Challenge
Three Black founders have walked away with enough money to make their businesses flourish after the largest Black, Indigenous, and People of Color (BIPOC) entrepreneurial competition in the nation picked them as winners. This is the fourth annual competition where five companies received $1.2 million in financial support. Metropolitan Economic Development Association – also known as Meda – was founded by a group of Minnesota business leaders looking to attack inequity within minority communities in the state. “Meda operates a growing Community Development Fund Institution (CDFI) that provides needed capital for BIPOC businesses
Elizabeth L. Carter, Esq., LLC, a Black-owned securities law firm, has just launched a legal fund to support Black businesses that plan to raise capital through crowdfunding campaigns and other means. Ms. Carter, whose firm created the #BlackCapitalMatters Gift Legal Fund, is seeking corporate and individual contributions to the fund, which will help subsidize securities legal services for Black-owned businesses. It will also allow the firm to provide legal support at below-market-rate so that more Black-owned businesses can combat the disparities in investing that they often face. Black-owned entities, including businesses, nonprofits,
Nigeria and San Francisco-based start-up, Klasha, has just announced its partnership with OpenCart, an all-in-one e-commerce builder that provides businesses with the tools to create and launch an online store. Klasha, first launched in 2018 by Jess Anuna and Kemi Oritsejafor, specializes in helping merchants worldwide sell online to Africa and receive payments in local currency. The new partnership means that OpenCart merchants can now sell more and accept payments online from customers across the continent while enjoying “superfast last-mile delivery to customers across the continent within 10 days.” Merchants who
NBA Star Klay Thompson Takes On The Tech World With New Investment In Fantasy Sports Startup Sleeper
Basketball superstar Klay Thompson has just invested in fantasy sports startup Sleeper, reportedly contributing to the quadrupling of its value to more than $400 million. Sleeper is a compilation of football and basketball games that people can play online with friends. Its initial focus was on the National Football League (NFL) and the National Basketball Association (NBA), but the pandemic’s impact pushed the firm to get into esports as well. The company has gone from strength to strength despite pushback from coronavirus, with an average user reportedly spending between 20 to 35 minutes on
African genomics startup 54gene has been at the forefront of bridging the divide in the global genomics market, where less than 3% of genetic material used in research is from the continent. This figure is quite shocking since Africans and people of African descent are more genetically diverse than any other population. But 54gene, which was first launched in 2018, is on a mission to radically change this picture, and the $25 million it secured in Series B funding will bolster its efforts. The milestone round came after founder Dr. Abasi Ene-Obong raised
