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The Google for Startups Founders Fund is back for the fifth year and is funding 20 Black and Latine AI companies in the US. The fund first launched as part of Google’s $175 million commitment towards racial equity and to date has deployed more than $50 million dollars to more than 570 Black and Latine founders around the world. Google For Startups Founders Fund & AI As AI developments are on the rise, this year, Google has funded 20 US-based companies that are pushing the boundaries in AI. The companies

Fearless Fund’s co-founder, Ayana Parsons, has stepped down from her role as chief operating officer after five years against the venture capital firm. Parson stated that her resignation is unrelated to the ongoing lawsuit from Edward Blum’s conservative group. Fearless Fund Co-Founder Steps Down Parson, who co-founded the organization with Arian Simone and Keisha Knight Pulliam in 2019, served as the fund’s chief operating officer for nearly five years. In an official press release, Parson, who is also the co-founder of Yardstick, announced that she would be stepping down to

Every June, Pride Month celebrates LGBTQ+ communities worldwide and honors their contributions to society. It’s also a time to recognize the ongoing struggle for representation, equality, and acceptance. In the tech industry, the LGBTQ+ community is underrepresented, with only 11% identifying as LGBTQ+. A McKinsey and Co. report found that while Black people make up 12% of the US workforce, only 8% are in tech jobs, resulting in a relatively low number of Black LGBTQ+ individuals in tech. Despite these challenges, many Black LGBTQ+ people are paving the way for

Morehouse College is launching what is reportedly the world’s first fully spacial AI teaching assistants (TAs). After launching their Metaversity in 2021, Morehouse is taking the next step in technology-based learning. AI Teaching Assistants Muhsinah Morris, a senior assistant professor in education and metaversity director at Morehouse, pioneered the technology in Spring 2021 with faculty assistance. She will now teach a class this fall with a spatial 3D AI TA. Students can expect to receive support from the AI TAs, who will manage assessments and office hours, ensure 24/7 access,

Jackie Aina, renowned beauty influencer and co-founder of FORVR Mood, has announced a new partnership with Canadian whiskey company Crown Royal. In addition to the release of a limited-edition candle, the partnership will see $50,000 donated to Black Girl Ventures Foundation, supporting underrepresented women founders. Supporting Black Girl Ventures Founded by serial entrepreneur Shelly Bell in 2016, Black Girl Ventures (BGV) aims to empower underrepresented and underfunded small businesses by providing access to capital, community, and capacity-building resources.  Aina’s partnership with Crown Royal is rooted in support of the nonprofit,

Cadana has raised $7.1 million in seed funding this year. Launched in 2021, the startup allows global workforces to integrate payments and payroll management into their systems. Cadana According to the company, the world’s largest payroll platforms and talent marketplaces use Cadana’s APIs to build compliant hiring products in Africa, Asia, and Latin America. Founders Albert Owusu-Asare and Ameer Shujjah, who are originally from Ghana and Pakistan, gained years of experience working at Amazon, Esusu, and Goldman Sachs before founding the company. Although the pair appreciated their version of the

Breega, a Paris-based venture capital firm, has announced the first close of its $75 million Africa-focused fund, designed to back pre-seed and seed-stage startups.  Expanding Horizons With Local Presence Breega’s new fund, “Africa Seed I,” marks its first foray outside Europe and aligns with opening two new offices in Lagos and Cape Town.  These new locations join Breega’s existing offices in Paris, London, and Barcelona, enhancing its presence across the EMEA region.  According to Ben Marrel, Breega’s co-founder and CEO, the firm’s approach is rooted in its “founders-for-founders” ethos, offering

This year, on Juneteenth, angel investing group Untapped Investing announced its launch to support Black and underrepresented founders.  Founded by Mica Eades Mayo, Attica Alexis Jacques, and Felicia Mayo, Untapped Investing aims to create lasting change through purpose-driven ventures. Empowering Underrepresented Founders By investing in Black and underrepresented founders, Untapped Investing aims to generate opportunities that lead to generational wealth and sustainable growth. This collective effort will reshape the venture capital landscape, ensuring that visionary founders, historically overlooked, receive the support they need to thrive, they wrote on LinkedIn. Untapped

This Juneteenth, we want to celebrate some Black founders who have set out to uplift and support their communities. Commemorating Juneteenth Juneteenth commemorates June 19, 1865, the day more than 250,000 enslaved Black people in Galveston, Texas, finally learned that slavery had been abolished – two and a half years after the signing of the Emancipation Proclamation. The first Juneteenth was observed in 1866 and has been celebrated by Black Americans ever since. It is often referred to as the country’s second independence day and became an official federal holiday

EqualSpace has opened a new co-working space in Newark, NJ to support minority-led businesses.  According to Tap Into Newark, the new ES550 Tech & Innovation Campus is a 50,000-square-foot, multi-floor facility situated at 550 Broad St. and promises to be a game-changer for entrepreneurs of color. A Space For Minority-Led Businesses The inception of EqualSpace was driven by Citi Medina‘s vision to create a safe and supportive environment for minority talent, Blavity reported. Originally from Brooklyn, NY, Medina relocated to Newark and noticed a significant gap: no co-working spaces catered

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