For many Black entrepreneurs, getting funding for their business is a daunting and disproportionately difficult task, especially because only about 1% of all venture dollars goes to Black founders, according to Crunchbase, despite Black and African Americans making up 13% of the U.S. population. But a trio of Black Techstars alumni — who each raised at least a million dollars in seed capital for their business — met at Startup Hall at the University of Washington to share their experience of raising capital. They also offered advice for Black founders looking to
Ghana-based Fintech company, Fido, has raised $30 million in equity investment in a Series A funding round. The funding round, led by the equity fund company, Fortissimo Capital, included venture capital firm Yard Ventures and a series of other private angel investors. Fido, co-founded by Nadav Topolski, Nir Zepkowitz, and Tomer Edry in 2012, provides mobile loans of up to $250 to small businesses and individuals. In addition, the fintech company aims to build a digital bank, which will give hundreds of adults in Africa access to flexible loans and other financial services, which
The online technology platform, Kibo School, known for providing online degrees for students across Africa, has raised $2 million in seed funding. The funding round, which venture capital firm Neo led, included African investment company Future Africa, Brooklyn Bridge Ventures, and Transcends Ventures. In addition, a range of different angel investors also participated in the seed funding round. Kibo School, co-founded by Ope Bukola in 2021, aims to provide affordable and high-quality programs for anyone interested in building a career in tech. The curriculum, based on the Human Skills Matrix,
Edlyft is taking the $100 million diversity and inclusion tech market by storm. The edtech startup, founded by longtime friends Erika Hairston and Arnelle Ansong in 2020, provides support for college students and adult learners in STEM (science, technology, engineering, and mathematics) courses. Their mission is to provide the right environment and tools for the next generation of engineers to succeed and, hopefully, get one step closer to closing the gender gap in STEM. Their digital platform connects learners to inclusive mentorship, online group tutoring, live and recorded sessions, and personalized study
Athletic champions Naomi Osaka and LeBron James have announced the launch of their new media production company, Hana Kuma. Hana Kuma, founded by the four-time Grand Slam tennis champion Naomi Osaka and NBA legend LeBron James, will produce documentaries, feature television shows, and anime programs for a global audience. The production company will primarily focus on highlighting stories from marginalized groups yet to be covered by mainstream media outlets. “I’ve built my career taking a different approach than others around me,” Naomi Osaka said in an Instagram post. “Because my journey has
22-year-old Khaby Lame (@khaby.lame) has officially become the most-followed person on TikTok after accumulating 142.8 million followers on the platform, ultimately making him the official king of TikTok. Khaby Lame, who first joined the app in March 2020, managed to cultivate a cult-like following in just over a year without saying a word. Over the past few weeks, his fans across the world launched a social media hashtag (#KhabyToNumberOne) to push him past TikTok creator Charli D’Amelio, who previously held the top spot with 142.3 million followers. “I don’t care
Steven Bartlett’s The Diary of a CEO regularly tops the UK charts, pulling in 6.6 million streams a month and more than £1 million ($1.2 million) a year in advertising. He’s had a roster of high-profile guests, including Molly-Mae Hague, Craig David, Liam Payne and Piers Morgan, and despite this, he still says: “I don’t think of myself as an interviewer or a podcast host.” In an interview, the man who seemingly has it all reveals some truths about his journey. He is, after all, the millennial who dropped out of university
After weeks of speculation about a leaked draft opinion that indicated that abortion would no longer be guaranteed as a federal right but instead left up to the states to decide, the United States Supreme Court has officially overturned Roe v. Wade. The move will allow more than half of states to ban abortion, with an immediate and enduring impact on tens of millions of Americans. The court decided there is no constitutional right to abortion in a case called Dobbs v Jackson Women’s Health Organization. In reaching that decision, the conservative-majority
Jenna Wills, a former vice president at Afresh, filed a lawsuit against the company in April. Wills, who is Black, alleges she faced racial discrimination at the grocery-software startup. But an Afresh spokesperson said that Wills’ race was not taken into account in her termination. Here’s what happened. Wills joined Afresh in June 2021. Joining the startup was an easy decision for her because she was inspired by what they were building and their “incredible” mission to use artificial intelligence to help grocery stores order just the right amount of
London-based venture capital firm, Octopus Ventures, has launched its first £10 million ($12 million) pre-seed fund to support fresh startups in the fintech and health sectors. The firm, founded in 2007, works to fill the growing gap in early pre-seed funding for European founders. Kirsten Connell and Maria Rotilu, veterans of Seedcamp and Uber, will lead the company’s first-ever investment fund. They will bring their extensive experience and knowledge of growing firms from the beginning to the job, enabling them to work closely with start-ups in their early years. Octopus
