Angeles Investors have announced the winners of this year’s Estrellas award. The line-up features a collection of the top 40 funders and venture capital firms investing in Hispanic and Latinx startups. This year’s cohort exemplifies leadership in investing in top startups and Hispanic and Latinx founders, among the fastest-growing segments of the U.S. economy. “It’s exciting to see the number of top funders and venture capital groups investing in Latino startups grow,” said Adele Cepeda, Angeles Investors Board Chair and Director at BMO Financial Corporation. “In 2020, we started
Black-owned venture capital firm Brown Venture Group announced that it had received a $1.5 million investment from the Bush Foundation. Brown Venture Group, co-founded in 2018 by Dr. Paul Campbell and Dr. Chris Brooks, is an investment firm committed to investing in BIPOC tech startups and founders. The firm aims to help all startups in its portfolio grow as a brand through investment capital, training, and professional networks. By focusing on excelling in tech entrepreneurship, Brown Venture Group hopes its investments will help bypass many of the racial biases that
Silicon Valley-based startup, Sanas, is working to build real-time voice-altering technology that aims to make international workers sound more “Westernized.” For many years, Black workers have been advised to use their “white voice” when communicating with colleagues or customers in a professional working environment. Additionally, movie adaptations such as “Sorry To Bother You” show that Black workers achieve higher success rates when they choose to emulate a “whiter” voice. Despite the program working to “protect the diverse voice identities of the world,” many wonder whether the product is actively working to remove unconscious
African-based agri-tech startup iProcure has closed a $10.2 million Series B funding round to further expand its services to Uganda and Tanzania. The funding round led by Investisseurs and Partenaires included participation from Novastar Ventures, British International Investment (BII), and Ceniarth. iProcure, founded in 2013 by Stefano Carcoforo and Nicole Galletta, has grown to become one of rural Africa’s most significant agricultural supply chain platforms. Not only has the platform revolutionized agriculture supply chains in Africa, but it has also helped connect manufacturers and distributors with local retailers. Additionally, iProcure
If you’re a person with dark skin, you may be more likely than your white friends to get hit by a self-driving car, according to a 2019 study out of the Georgia Institute of Technology. That’s because automated vehicles may better detect pedestrians with lighter skin tones. The study’s authors started out with a simple question: How accurately do state-of-the-art object-detection models, like those used by self-driving cars, detect people from different demographic groups? To find out, they looked at a large dataset of images that contain pedestrians. They divided up the
New York-based Mobot has publicly launched its QA-as-a-service platform and closed $12.5 million in Series A funding. The funding round was led by Cota Capital, a firm that recently backed Token.io, with participation from Heavybit, Uncorrelated Ventures, and others. Eden Full Goh founded Mobot in 2018 in New York after a decade of experience in engineering and product. Her journey? She dropped out of Princeton to build SunSaluter, a low-cost solar panel rotator used in developing countries around the world, with an entrepreneurship fellowship from The Thiel Foundation. After realizing the
Global Tech Advocates Black Women In Tech has launched their first ever Voices In The Shadows festival, which will take place in London, UK this October. The festival has been sponsored by industry giants including Google, HSBC, Goldman Sachs, Discovery+, and more. Inspired by The Voices in The Shadow books, which was first published last year, the program will showcase the journeys of 51 Black women in the UK who have impacted the tech industry. The event aims to provide all attendees with an intimate setting to help them connect
Recording Academy co-president, Valeisha Butterfield Jones, has moved on from her role to join Google’s diversity team, where previously worked as the global head of inclusion. Butterfield Jones has been a part of the Academy for over two years and played a vital role in the organization’s leadership team as a chief diversity officer. She oversaw and managed the business culture, membership, awards, and people. After working alongside Google’s inclusion team, Butterfield Jones is expected to re-join the tech giant in October as VP of partnerships on the diversity team, according
Kimberly Bryant, the co-founder and former CEO of Black Girls CODE, has spoken up after officially being removed from her leadership position. Bryant founded Black Girls CODE in 2011 to introduce young girls of color to computer science and increase the number of women of color in the digital technology space. Today, the nonprofit is a household name with chapters across the US and other countries. However, Bryant reported waking up last December to discover that she could no longer access her work email. She soon received a letter informing
The pre-seed fund, Visible Hands, has officially launched the second cohort of its “Visionaries Accelerator” program. The initiative, which aims to support overlooked and underrepresented founders, welcomed 51 new founders to its flagship program. The program, which will take place from September to December, will see each company work full-time towards building their business, with financial support from the Visible Hands team. Each founder will receive a starting investment of $25,000. Throughout the program, they will have the chance to earn additional assets of up to $150,000 as they progress.
