Earlybird AI, a B2B startup that assists job seekers using innovative multilingual, voice-first AI technology, has raised £625,000 ($800,000) in pre-seed funding. The investment comes from diverse backers, including Google, Resolution Ventures, and Ada Ventures. Tackling Unemployment With AI Earlybird AI addresses a pressing issue: nearly 11 million people in the UK are unemployed, and the unemployment rate rose to 4.4% between February and April 2024. Founded by Claudine Adeyemi-Adams and Boris Bambo, the platform improves employment support by directly engaging participants through simulated voice-powered connections. Adeyemi-Adams, who experienced homelessness
Seae Ventures has announced the acquisition of Unseen Capital following the death of Unseen Capital’s founder, Kayode Owens, in 2021. The acquisition will use the strengths and missions of both funds to further serve underrepresented entrepreneurs and marginalized communities. Continuing Kayode Owens’ Legacy Owens, an esteemed investor and entrepreneur, founded Unseen Capital in 2020 to support early-stage healthcare companies led by underrepresented founders. Despite successfully raising $30 million, Owens’ death from cancer in August 2021 left a void in the firm’s leadership. Recognizing the importance of Owens’ mission, Eli Lilly,
Girls in Tech Inc., a global nonprofit focused on advancing women in technology, has closed due to insufficient funding. Founded in 2007 by Adriana Gascoigne, the organization aimed to bridge the gender gap in the tech industry, providing resources and opportunities for women and allies worldwide. Despite its significant presence, with 130,000 members in 50 cities and 38 countries, the organization has struggled financially over the past few years. Relocation and Financial Struggles In 2022, Girls in Tech moved its headquarters from San Francisco to Nashville, a strategic shift intended
Driving Forces, a deep tech and fintech venture capital fund, is closing down despite its healthy performance. Solo general partner Sidney Scott explained the decision on LinkedIn, citing increasing competition in a crowded investment space as contributing factors. The Rise and Shift in Deep Tech Investment Scott launched Driving Forces five years ago, using his experience at Amazon with robotic fulfillment systems and optimization technologies. His $5 million fund, driven by an interest in hard tech and a commitment to innovation, saw success in the company. The portfolio included investments
Queens Borough President Donovan Richards recently unveiled a plan to establish a new diversity tech and innovation center in Long Island City, slated to open in early 2025. Empowering Minority-Owned Startups Partnering with Pursuit, a Queens-based non-profit, the Queens Diversity Tech Hub will occupy a 7,000-square-foot space in the Pursuit building at 47-10 Austell Place. This state-of-the-art facility will serve as a launchpad for up to 50 emerging startups, targeting minority-owned businesses seeking seed and Series A funding. The initiative is set to address the funding challenges faced by startups
Avenue Capital Group, managed by Marc Lasry and Sonia Gardner, is raising $1.5 billion for their sports investment fund with support from star athletes. Launched in October 2023, this fund aims to finance sports leagues and teams across North America and Europe and eventually extend to Africa, Asia, South America, and Australia. With support from high-profile athletes such as Michael Strahan, Candace Parker, and Stephen Curry, the fund has already garnered significant attention and initial investment. Star Athletes Bolster Avenue Capital’s Ambitious Fundraising Curry, Lauren Holiday, Harry Kane, Parker, Strahan,
SOJO, a Deliveroo-style clothing repair and alterations collection and delivery app, has announced a new partnership with a major UK retailer The Black woman-owned platform will power Marks and Spencer’s (M&S) new clothing repairs and alterations service. Making clothing repairs mainstream Founder Josephine Philips was driven by a belief in a slower and more considered approach to society’s relationship with fashion, leading her to start SOJO in 2021. The collaboration with M&S aims to make clothing repairs more accessible and mainstream, aligning with both companies’ commitments to sustainability. The partnership
TestParty, a Black-led, AI-driven software compliance company, has raised $4 million in a seed funding round led by Harlem Capital and the Urban Innovation Fund. Founded in March 2023 by Michael Bervell and Jason Tan, TestParty helps businesses automatically rewrite source code to comply with global digital accessibility regulations. Making websites more accessible Currently, nearly all popular websites fail to meet the Web Content Accessibility Guidelines (WCAG), leaving millions of people who rely on assistive devices unable to engage with the digital world. TestParty aims to bridge this gap by
MoviePass, a Black-owned movie-theater subscription service, has received an equity investment from Forecast Labs, a consumer venture group owned by Comcast. As first reported by Variety, this investment will help MoviePass attract new customers through targeted TV ads using Comcast’s media reach. The financial details were not disclosed. The company was recently the subject of the HBO series “MoviePass, MovieCrash.” The Rise, Fall, And Rise of MoviePass Launched in 2011 by Stacy Spikes and Hamet Watt, MoviePass allowed subscribers to buy one movie ticket daily for a monthly fee. Despite
Black N’ Out is a platform for Black LGBTQIA+ professionals in tech to connect, support, and uplift each other. Black people are already underrepresented in tech, making up only 8% of the workforce. For Black LGBTQ+ individuals, this exclusion is even more pronounced. However, Black N’ Out is on a mission to create a welcoming and inclusive space for Black LGBTQIA+ individuals in tech. The Story Of Black N’ Out Black N’ Out was founded in 2023 by Brandon Sidney and Ryan Wesley after the pair attended several tech conferences
