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Founders

Westbound Equity Partners, formerly Concrete Rose Capital, has raised an impressive $100 million to invest in Black, Latine, and diversity-focused founders.  Westbound Equity Partners Spearheaded by Sean Mendy, a former Boys & Girls Clubs of the Peninsula director, Westbound’s mission is to channel resources into startups that demonstrate potential while embodying a commitment to diversity and equitable culture. Mendy’s vision was to create a fund to break the homogeneous investment and entrepreneurship cycle and foster a more diverse and inclusive tech ecosystem.  The uniqueness of Westbound lies in its dual approach. On the one

Usher’s New Look (UNL) and IBM have embarked on a groundbreaking collaboration to foster career readiness in AI and professional workplace skills. UNL is a 501c3 organization founded by Usher Raymond IV in 1999 that supports a vision that all youth should be afforded the chance to unlock their full potential. Transforming under-resourced youth  IBM SkillsBuild is a free education program focused on underrepresented communities in tech. The partnership with UNL is set to transform the lives of thousands of high school and college students, especially those from underrepresented communities in technology. “Joining

The 2024 Tech Equity Collective (TEC) Impact Fund has announced a stride towards tech industry equity by introducing its 20 grantees. Since its 2021 inception, Tech Equity Collective has been dedicated to accelerating Black innovation and representation in tech.  It works alongside tech giants and community organizations to create new career opportunities for Black tech innovators. The 2024 Tech Equity Collective Impact Fund The chosen organizations exemplify innovation and commitment to fostering an inclusive tech ecosystem. They focus on reskilling, upskilling, and training programs for aspiring Black technical talent. This year’s grantees, chosen for their pioneering

Recent findings from a comprehensive review have highlighted biases in commonly used medical devices and technologies that can harm people of color. These include optical medical devices like pulse oximeters, AI-assisted devices, and polygenic risk scores (PRS) in genomics.  Biases In Medical Devices The review was initiated by the UK’s former Secretary of State for Health and Social Care, Sajid Javid, and conducted by a panel of experts. “Making sure the healthcare system works for everyone, regardless of ethnicity, is paramount to our values as a nation,” Junior Health Minister Andrew Stephenson told The Guardian. “It supports our

Trez, the first U.S. Latine payroll platform company, is reshaping the financial landscape for Latine businesses in America.  Trez Recognized by notable institutions like Techstars, Forbes, Inc., and Stanford GSB, Trez provides specialized payroll, benefits, and financial services solutions. The platform is specifically designed to support the burgeoning Latine business community.  Trez emerges at a crucial time when Latine-owned businesses, contributing $500 billion in annual sales and millions of jobs, are becoming vital in the U.S. economy. According to the Bureau of Labor Statistics, Hispanics will constitute 78% of the new workforce entrants between 2020 and

Mellody Hobson’s rise to co-CEO of Ariel Investments, a history-making firm with over $14.9 billion in assets, is a tale of ambition, foresight, and resilience. Meet Mellody Hobson In 1991, as a student at Princeton, Hobson was on the brink of launching her career in the high-stakes world of finance. With offers from major New York City firms in hand, she found herself in a moment of reflection in the basement of the then Woodrow Wilson School.  It was then that she made a pivotal decision.  “And I thought, ‘What am I

With a toy makeup kit, Kristen Wells-Collins, a Dallas-based scientist, is redefining pathways into the beauty industry for young girls with science and technology. Black To The Lab Makeup Kit Recognizing the decline in girls’ interest in science around age 11, a statistic cited by Microsoft, Wells-Collins launched “Black to the Lab” in 2020.  This innovative $30 toy makeup kit is an educational tool that teaches children as young as six the science behind beauty product formulations. Wells-Collins’ journey started at Prairie View A&M University, initially pursuing a career in pharmacy. However, she

Black duo Estelle Agyeman and Temi Olusanya, the co-founders of KARR, are using their platform to make it easier for businesses to fight parking fines. KARR’s Journey The B2C parking fine technology platform KARR was born out of a need to simplify the often-tedious process of managing parking fines for businesses operating with multiple vehicles. The pair’s journey kicked off at a London startup weekend in 2022 when they won £10,000 in a pitch competition. The inception of KARR was driven by Agyeman’s personal experiences with parking fines at the university.  “Back when I

Robinhood, the renowned trading and investing platform, has partnered with Rich Paul, the founder of KLUTCH Sports Group and LeBron James’ agent. Robinhood ventures into sports and entertainment Robinhood is a stock brokerage that allows customers to buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission. Announced on Thursday, this collaboration marks Robinhood’s ambitious venture into the realms of sports, entertainment, and media. The fintech firm prides itself on introducing a diverse range of first-time investors to the market, aligning with Paul’s impactful history in sports management. Meet

Altro, a leading credit-building and financial literacy platform, has raised $4 million in a strategic funding round, gaining support from figures such as Tinashe, Quavo, Marshawn Lynch, and Chris Paul. Altro Founded in 2019 by Michael Broughton and initially known as Perch, Altro has been instrumental in helping users enhance their credit scores. It ingeniously integrates everyday payments and subscriptions into its credit-building mechanism, including Netflix, Spotify, Amazon Prime, and Starz. Beyond this, Altro extends educational resources to all its members, even those with a baseline free membership.  These resources encompass Altro’s Convo, featuring short

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