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
Blair Matthews, a Howard alumnus from Zanzibar, and Giuliana Zaccardelli founded a digital health startup with a mission to provide fertility services to families. Zuri Fertility Zuri Fertility was launched in honor of Infertility Awareness Month as a personal digital fertility clinic in June, Zuri meaning good and beautiful in Swahili. They provide personalized fertility care with an online questionnaire to meet each individual need, a home testing tracker for both partners involved, a message center, and a larger community for the couple to get support from others. It also
Maria Watkins, a 64-year-old HBCU graduate, and former social worker, founded RightThereCorportation and has launched the first ever Black-owned app, RTC ProTech, with a 24/7 call center to minimize police brutality and hate crimes. RTC Protech App RightThere Corporation advocates that both innocent citizens and police officers return home safely. While they support Law Enforcement in their duties to serve and protect communities, they are firmly against police misconduct and the lack of transparency between the Police Departments and the community, along with the lack of de-escalation training. “All individuals
American rapper Sean “Diddy” Combs has launched an e-commerce platform Empower Global, allowing consumers to discover and buy products created and sold by Black entrepreneurs. “My mission has always been to empower Black entrepreneurs and create more opportunities for them to access the resources, tools, and support needed to build successful businesses,” said Sean “Diddy” Combs, Chairman of Combs Global, in a press release. Empower Global Empower Global is an immersive e-commerce experience offering products from Black-owned businesses. With a focus on culture and community, Empower Global aims to create
Yesterday, Google for Startups announced the 46 U.S. recipients of this year’s Black and Latino Founders Fund. The participants receive $150,000 in equity-free cash to help fuel their business, sales, and fundraising training, technical support from Google mentors, up to $100,000 in Google Cloud credits, and mental health coaching from a team of Black and Latino therapists. Over the past month, Google has welcomed 99 Black Founders Fund recipients in the U.S., Africa, Europe, and Brazil. Here are some of the recipients chosen from the U.S. Meet some of the
Founding President at Public Ventures, Zoey Dash McKenzie, has launched a $100 million impact fund to nurture the next generation of life science and climate tech startups emerging from academic research. TechCrunch reports that McKenzie is particularly keen to support Canada-based life science and clean tech startups that focus on improving health equity and supporting climate preparedness for underserved communities. Investing in climate equity According to UN Women, women and girls experience the most significant impacts of climate change, amplifying existing gender inequalities and posing unique threats to their livelihoods,
James DuBose, former General Manager of Fox Soul, is launching In The Black Network, an Advertising-Based Video on Demand (AVOD) platform dedicated to celebrating and amplifying Black culture. The platform will launch on October 2 of this year. “I love everything about our culture: our faith, our resilience, our rhythm, our minds, our love. These pillars are the focus of our curated content which honors and elevates black culture and cultivates pride within our community,” James DuBose told Deadline. In The Black Network The platform will be a streaming service highlighting Black voices
Founder and CEO of market investment firm Vista Equity Partners Robert Smith has announced plans to sell Apptio – a company that helps connect technology investments to business outcomes – to IBM for $4.6 billion. Having bought the software maker for $1.9 billion in 2019, the firm has now doubled its initial investment with a return of 142% on the initial payment to acquire the company. In a separate statement, IBM revealed that it would use cash on hand to fund the deal, which should be complete in the second half of 2023.
