Soul of America, the first Black-owned travel website, marks its 30th anniversary with a mission to empower Black travelers through guides to cities rich in Black culture, history, and businesses. Founded by Thomas Dorsey in 1994, the platform offers travel resources spanning over 150 destinations in the U.S. and abroad, curated to help travelers explore destinations that celebrate and preserve Black heritage. For this milestone, Dorsey and his team have refreshed their popular US City and international travel guides. 30 Years of Building a Legacy in Black Travel Soul of
Moniepoint, a Nigeria-based fintech company, has successfully raised $110 million in a Series C funding round. This raise gives the company a valuation of at least $1 billion for the first time, according to the Financial Times. The financing was led by Development Partners International’s African Development Partners III (ADP III) fund, with participation from investors such as Google’s Africa Investment Fund, Verod Capital, and Lightrock. Strategic Focus on Business Banking and Financial Access Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint originally launched as TeamApt. The company
MaC Venture Capital, a venture capital firm known for its focus on seed-stage investments, has successfully raised $150 million for its third fund, as first reported by Fortune. This latest fundraising round brings the firm’s total assets under management to $600 million, a remarkable achievement for the five-year-old firm founded by Marlon Nichols, Adrian Fenty, and Mike Palank. Strategic Growth and Investment Focus The infusion of $150 million allows MaC to increase its initial investment size to $2-3 million per startup, up from its previous average of $1.5 million in
African venture capital firm Janngo Capital has closed its second fund at €73 million (approximately $78 million), surpassing its original €60 million target by 20%. Janngo Capital states that fund now positions the venture capital firm as the largest accelerating gender equality in Africa. Investment Focus on Gender Equality and Diverse Sectors Janngo Capital positions itself as a “gender-equal” investor, with 56% of its portfolio companies founded or led by women. Notable women-led investments include the Nigerian B2B platform Sabi and expense management company Expensya. According to Janngo, its investment
Boston Celtics player Jaylen Brown created a STEM program for middle and high school students in collaboration with the Massachusetts Institute of Technology (MIT). Through his 7uice Foundation, Brown launched the Bridge Program at MIT’s Media Lab, a four-day camp introducing Boston’s underserved youth to AI, synthetic biology, space exploration, and more. Bridge Program: Hands-On STEM Learning Aimed at students in grades 8–12, the Bridge Program offers a STEAM-based curriculum covering science, technology, engineering, arts, and math. Brown co-founded the program in 2021 with his family, and the MIT Media
Kendall Hamilton, a highly ranked Rocket League player, and his mother, Dr. Gigi, are leading an initiative that has supported young Black gamers in securing over $150,000 in Name, Image, and Likeness (NIL) deals. Together, they founded Game Changer Academy, an organization dedicated to helping young Black gamers use their skills for financial and professional growth. Game Changer Academy: Turning Gaming Skills Into Opportunities Game Changer Academy emerged from Kendall Hamilton’s own journey in competitive gaming according to a press release. Initially, his mother, Dr. Gigi—a licensed psychotherapist and organizational
The NAACP has announced the launch of NAACP Capital, a new fund of funds aimed at empowering fund managers and startups focused on closing gaps facing communities of color. Developed in collaboration with Kapor Capital, Kapor Center, and nine venture fund managers, the fund seeks to raise $200 million to reshape the innovation and investment landscape. Driving Impact Through Inclusive Investing The initiative is part of the #KeepAdvancing campaign, a modernized approach to civic engagement aimed at building a more inclusive economy. “Investment is the backbone of impact, and impact
On the Oct. 18 premiere of Shark Tank’s 16th season, Destin George Bell, 26, pitched his gamified fitness app, Card.io, securing a $150,000 investment from FUBU founder Daymond John and venture capitalist Rashaun Williams. The app, which launched in 2022, combines fitness tracking with a social, team-based game experience, transforming outdoor workouts into competitive turf battles. Card.io has already attracted a following of over 25,000 users across 70 countries. Bringing Gamified Fitness to a Global Audience Inspired by his struggle to stay motivated during the pandemic, Bell created Card.io to
Dean Forbes, CEO of software company Forterro, has claimed the top spot on the UK’s Powerlist 2025, recognizing him as the most influential Black individual in Britain. Known for his rise from homelessness to the helm of a €2 billion software company, Forbes’ journey has been seen as one of remarkable perseverance, entrepreneurial spirit, and philanthropy. Transforming Challenges into Career Milestones Forbes born in southeast London in 1978, recalls a challenging upbringing with financial hardships and a mother battling muscular dystrophy. As a teenager, he navigated periods of homelessness but maintained
Four-time GRAMMY® Award-winning producer Timbaland has joined Suno, a leading AI music creation platform, as a strategic advisor. This collaboration comes after months of Timbaland actively using Suno. Love Again Remix Contest To mark the beginning of this partnership, Timbaland previewed his latest single, “Love Again,” exclusively on Suno, inviting artists from around the world to participate in a remix contest. The contest, launching 24 hours after the announcement, will offer over $100,000 in prizes, with Timbaland himself providing feedback on submissions. The top two remixes will then be released on major streaming platforms,
