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Fundraising

Google for Startups has announced the next 50 recipients of its Black Founders Fund, unveiling the next slate of trailblazers who will be receiving $100,000 in non-dilutive funding. This is the second batch the giant tech firm has supported. All 126 of them hail from all over the United States, including Georgia, Texas, New York, Alabama, California, Massachusetts, Pennsylvania, Florida, Hawaii, and Missouri. Last year, Google for Startups gave 76 Black-led startups up to $100,000 in non-dilutive funding – meaning founders did not give up any ownership in their company in exchange for

Rappers Pusha-T and Nas have jumped the bandwagon and followed the likes of Jason Derulo by investing in a new streaming platform, Audius, which is looking to rival Apple Music, Spotify, and Tidal. The free-to-use streaming platform built on blockchain technology launched in 2018 and also supports NFTs or non-fungible tokens. Last week the venture also announced a $5 million round of strategic funding. “I believe [blockchains] might be the most important technology to ever hit the music industry,” Nas said in a statement. “Everyone who uploads to Audius can be an owner. You can’t say that about any

Basketball superstar Klay Thompson has just invested in fantasy sports startup Sleeper, reportedly contributing to the quadrupling of its value to more than $400 million. Sleeper is a compilation of football and basketball games that people can play online with friends. Its initial focus was on the National Football League (NFL) and the National Basketball Association (NBA), but the pandemic’s impact pushed the firm to get into esports as well. The company has gone from strength to strength despite pushback from coronavirus, with an average user reportedly spending between 20 to 35 minutes on

Former  ESPN data scientist Tiffany Kelly has just raised $2.1million in a seed round of funding for her adtech startup Curastory. The company, first launched in 2019, is a creator tool helping student-athletes by “connecting brands in need of video content with athletes, influencers, and actors who create video content and are willing to create directly for brands,” according to Sport Techie. Lightspeed, Techstars, and Mindspring Capital led the funding round to help Curastory’s staff expansion, market growth, and sales and engineering footprint. The milestone seed comes after the firm secured a deal with

African genomics startup 54gene has been at the forefront of bridging the divide in the global genomics market, where less than 3% of genetic material used in research is from the continent. This figure is quite shocking since Africans and people of African descent are more genetically diverse than any other population. But 54gene, which was first launched in 2018, is on a mission to radically change this picture, and the $25 million it secured in Series B funding will bolster its efforts. The milestone round came after founder Dr. Abasi Ene-Obong raised

The Nigerian agritech startup has just announced that it raised $4.2million through a seed round and a series of grants to scale its business across the country. Releaf, which has built a proprietary hardware and software solution to make farmers and food factories more efficient and profitable, was first launched in 2017 by Ikenna Nzewi and Uzoma Ayogu. The pair then went on to build Kraken, a proprietary patent-pending machine. But how does it actually work? Releaf buys nuts from farmers, then uses the Kraken to crack the nuts and crush the kernels into

Now, more than ever, mental health is making national headlines. Yet when it comes to treatment for mental illness, Black people are at a severe disadvantage. This past year alone, the pandemic, Black Lives Matter and fighting a system of oppression and racism has taken a significant toll on our mental health. However, due to the stigma in the community of seeking help, we aren’t supported in our struggles. When we seek help, it isn’t easy to find providers who understand us, trust us, and relate to our experience. There are

As a Latina founder of a social impact company, raising VC money hasn’t exactly been easy. Especially in Chicago, where I’m based, the VC community, while close-knit and easily accessible, is small, homogenous, and focused on later-stage investments. On the startup side, of the 65 Chicago-based startups backed by Chicago-based venture capital funds, only 16 (about 25%) have a non-white founder, and only 15 (or 23%) have a female founder to Chicago Blend. From firsthand experience, the lack of access to early-stage capital compared to the coasts has an oversized impact on underrepresented

The number of Latinx founders in the US is continuing to growing at a faster rate than any other demographic. Yet we’re all familiar with the drab stats: only 2.4% of total VC funding goes to Black and Latinx founders.  We’ve put together a list of some Latinx women founders who have broken through the ceiling: launching thriving and innovative companies developing new technology in software, medical, e-commerce and beyond.  Read how they’ve backed their ideas, raised funds and are changing the lives of many.  Ariel Lopez, Founder Knac The

Techish is back with a brand new episode! Abadesi and Michael discuss how white celebs are getting rich off a new cannabis narrative, yet POC still are still paying the price. (21:25) They also break down: The end of Indie.VC but their legacy carries on (00:10) Brandwatch’s impressive $450M exit! (11:10) Paying for Twitter? Twitter’s new super follow option (16:30) This Episode Is Sponsored By Notion Get your Notion account here. Notion is hiring! Check out their open positions  Extras Techish on PatreonAdvertise with TechishPlease rate and review the Techish podcast Subscribe To The Techish Podcast On Apple Podcasts, Spotify, And Other Platforms.

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