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This article is sponsored by Morgan Stanley Inclusive & Sustainable Ventures Lab. Morgan Stanley Inclusive & Sustainable Ventures Lab (MSISVL) provides early-stage startups with access to capital and resources to help them develop and scale. Its mission is to foster a more equitable and sustainable investment landscape.  Applications to join the 2025 MSISVL cohort are open now through March 14.   Inclusivity meets sustainability One example of MSISVL’s impact is Sortile, a tech startup transforming textile recycling. Constanza Gomez, co-founder and CEO of Sortile, highlighted the value of the experience. “Incredible

Solar tech startup GRYD has secured £1 million ($1.2 million) in pre-seed funding, according to Tech Funding News. GRYD was created in 2023 by Mohamed Gaafar, Scott Whiteside, and Tom Jordan to make solar energy accessible to everyone by allowing solar-as-subscription to newly built homes. The trio met at the Antler accelerator program, where they devised the idea for a company that would provide homeowners with zero-cost residential solar systems as energy costs continue to rise in the UK. The pre-seed round saw investments from SFC Capital and Black Seed

The fourth annual Fifteen Percent Pledge gala has raised $3 million for Black-owned businesses amid a growing trend of companies scaling back their DEI efforts. On Saturday, 1st February, the Los Angeles-based event was filled with A-list celebrities like Ciara, Kim Kardashian, Kelly Rowland, Teyana Taylor, Jesse Williams, and Keke Palmer. All proceeds from the activation ticket sales go to businesses affected by the recent LA wildfires. “We are nobody’s DEI hire,” said the founder, Aurora James, according to WWD. “This country, in its best form, is a product of

A San Francisco startup, Waterlily, is using AI to simplify long-term care planning and costs. Founded in 2021 by Lily Vittayarukskul, the company was born out of personal hardship—her aunt’s terminal colon cancer diagnosis left the family struggling with overwhelming medical costs. “It wiped us out financially,” Vittayarukskul, a former NASA data scientist, told TechCrunch. At the time, she was studying aerospace engineering, but the emotional and financial toll of her aunt’s illness led her to pivot to genetic and data science, ultimately inspiring Waterlily’s mission. How does Waterlily help individuals

Sisters Network® Inc. (SNI), the only national African American breast cancer survivorship organization, is set to relaunch its Teens4Pink® program with a new mobile app, according to a press release. The app aims to inform and empower teenage girls between the ages of 12 and 17 about how they can change the way families approach and think about breast cancer. Karen E. Jackson, 31, is a four-time breast cancer survivor and founded Sisters Network Inc. in 1994. Jackson says, “The relaunch of Teens4Pink marks an exciting step forward in engaging the

Geek Ventures is raising a second fund, as stated in a recent SEC filing, according to TechCrunch. The New York-based tech venture fund is the brainchild of Ihar Mahaniok, an engineer with over 20 years of experience in building code and machine learning. The second fund has raised $9 million so far but has no set target amount; its first sale was recorded on Monday, January 13, as stated in the filing. Helping immigrants in the tech industry Mahaniok grew up in Belarus, where he did an undergraduate in computer

Target joins the growing list of companies rolling back its diversity, equality, and inclusion (DEI) initiatives. As a retailer known for featuring Black-owned brands like The Lip Bar, Black Girl Sunscreen, Tabitha Brown, Donna’s Recipe, there are concerns over how potential boycotts may impact Black founders. Target ends DEI goals In a memo shared with employees, the company said it will end its three-year DEI goals, concluding its Racial Equity Action and Change (REACH) initiatives in 2025 and end a program focused on carrying more products from Black- or minority-owned

Legendary hip-hop MC RAKIM is entering fintech with his new platform, Notes. The artist created a platform with the hope of helping artists capitalize on their creative projects and gain financial independence. Recognized by many as one of the greatest MCs of all time, RAKIM rose to fame as one-half of the rap duo Eric B. and Rakim. Now, he has launched an AI-powered platform as a one-stop shop for music, money, and knowledge for artists and creators. “Independent urban music artists and creators often struggle to gain financial stability

The UK startup Domna has secured a £70 million ($87 million) majority investment from private equity firm Leon Capital, according to Tech Funding News. The company is one of the leading home energy efficiency and retrofit services, and it has now received one of the biggest first-time raises for a female founder team in Europe. The team plans to improve home energy efficiency and support sustainability initiatives. Their outlook on home energy efficiency examines the UK’s retrofit challenge by combining advanced software with practical expertise. Now that Domna has the

Robin AI, a Black-owned legal AI startup, has won second place on the Startups 100 index. The startup uses AI to automate contract reviews, slashing costs and freeing up legal teams. Last year, it raised $25 million in a unique extension of its Series B funding round.  The company was founded in 2019 by former Clifford Chance lawyer Richard Robinson and machine learning researcher James Clough. “Robin AI are truly ground breaking in their innovation, aiming to cut down legal processing times. Despite the challenges, the UK is still a

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