Black-owned web3 social marketplace, Calaxy has launched its app, helping creators to monetize their content and connect with their fans. Helping Creators to Monetize Tech entrepreneur Solo Ceesay and NBA player Spencer Dinwiddie founded Calaxy in 2021 to build a new infrastructure allowing content creators ownership and equitable value exchange compared to the current social media landscape. It’s described as reimagining how people use social media, empowering more meaningful and fulfilling fan experiences. Despite the creator economy being one of the fastest-growing sectors of the internet, creators still need help to monetize with the rise of
Today, Robert F. Smith announced that Vista Equity Partners, his market investment firm, has surpassed $100 billion in assets under management (AUM)—the total market value of all its investments. Vista Equity Partners Smith is the wealthiest Black man in the United States, surpassing Oprah Winfrey in 2018 as the richest Black American. He founded Vista Equity Partners in 2000 to invest in businesses that use tech to promote economic equity, ecological responsibility, and diversity and inclusion. He recently announced plans to sell Apptio – a company that helps connect technology investments to business
Acclaimed filmmaker and founder of Array Crew, Ava DuVernay, is collaborating with Oscar-winning filmmakers Brian Grazer and Ron Howard, founders of the Impact network, to create the “largest hiring network” for the entertainment industry. Array Crew In 2021, DuVernay founded Array Crew, a searchable personnel database designed to connect below-the-line crew professionals. The database focuses on amplifying women, people of color and those from underrepresented backgrounds, connecting them with producers, studio executives and department heads. The database has gained the support of major studios and streamers, including Warner Bros.Discovery, Amazon Studios, Apple TV+
Nonprofit organization Blacks In Technology Foundation (BIT) has announced a strategic partnership with RoadPitch, the most extensive multi-city pitch tour to help Black tech founders to raise pre-seed and seed capital from investors. For over a decade, BIT has offered training, education, networking and mentorship opportunities to elevate Black professionals in the tech industry. The nonprofit aims to “stomp the divide,” influencing and effecting change in an industry that has historically not sought parity concerning Black workers. The Collaboration The collaboration will see RoadPitch become BIT’s official international pitch competition organizer. RoadPitch will
Many of us find ourselves drawn to the allure of the tech industry, seeking a path that promises fulfilment and stability. For Nigeria-born data professional Ifeoma Igwe, who first moved to the UK seven years ago to study, this journey led her through unexpected twists and turns. In a candid interview with POCIT, Ifeoma shared her experiences of entering the tech industry, facing layoffs, and discovering her unique path that blends literature with tech with her text-to-speech app, Easy Edit. Joining the Tech Industry Igwe studied Economics and Management as
Black-owned SquadTrip has announced it has successfully secured $1.5 million in funding to revolutionize group travel. Making group travel easy SquadTrip is an automated payment solution for large and small groups, making booking and payments easy for group trips. Their online platform allows users to save time managing group travel by creating trip sites, automating guest billing and keeping track of all traveller logistics from one place. It is the first travel platform targeting millennials with flexible payment instalments, Apple Pay checkout and promo codes. The company was founded by
Black tech entrepreneur Luke Cooper aims to raise $50 million by November for his Baltimore-based venture capital firm, Latimer Ventures. Latimer Ventures Latimer Ventures, named in honor of Lewis Latimer, an African American inventor born to fugitive slaves, is a venture capital firm focused on helping the next generation of Black and Hispanic enterprise SaaS unicorns. They source the best seed deals from diverse managers and connect them with tech startups. Cooper founded Latimer Ventures in 2022 to address the lack of capital available to entrepreneurs of color. He plans to
Sallie Mae, a private student lending company, has acquired critical assets of the top scholarship search app, Scholly. Founding Scholly Scholly is a Black-founded industry-leading scholarship search app and platform created by Christopher Gray. During his last few months at high school, Gray was set on attending college, but due to price, he had to search for scholarships for hours in the library. He eventually received $1.3 million in scholarships from organization such as the Bill and Melinda Gates Foundation and the Coca-Cola Scholars Foundation to study finance and entrepreneurship at Drexel
Pryce Adade Yebesi is the 23-year-old co-founder and COO of Utopia Labs, a startup on a mission to bridge the gap between crypto and traditional payment systems, and ultimately, create a new internet economy. Recently, Utopia Labs raised an impressive $23 million, making Yebesi one of the youngest Black founders to achieve such a milestone. Driving the adoption of crypto payments Utopia Labs’ founders Pryce Adade Yebesi, Kaito Cunningham, Jason Chong, and Alexander Wu first met on Discord and Twitter. The quad was brought together by an interest in Decentralized
Materials Nexus founder Jonathan Bean has joined the small number of Black people in the UK who have been able to raise over £1 million for their startups. Reducing the cost of going green Green technologies, like wind turbines and electric vehicles, hold great promise for a cleaner future. We need to enhance their material components to make them even more effective. However, this often involves heavy mining for rare-earth metals and precious metals. Jonathan Bean, a UK-based theoretical physicist from the University of Cambridge, founded Materials Nexus in 2020
