Founder and CEO Chandler Malone’s tech startup ‘Bootup’ has reportedly raised $2.1 million in seed-round from all Black investors. The product was first launched in July 2021 during what was considered the pandemic’s peak where dozens of countries were thrown into lockdown. Bootup, which focuses on sourcing and hiring non-traditionally trained talent for a range of companies, is said to have grown rapidly, increasing revenue 100% month over month from July through November to a seven-figure run rate, while developing relationships with over 80 employers and 125 tech training programs, according
The historical and ongoing cost of not addressing our climate disasters is some-what insane. The United States is said to have spent $29bn cleaning up climate disasters in the 1990s, but $112bn dollars in the last five years. That’s a huge jump. This week we’re celebrating the Black-owned innovative companies from across the US that are working on sustainability and environmental solutions. The three founders, based across the US — from Silicon Valley in California to tribal nations across the Midwest — are driving innovation in energy efficiency, AI, solar,
The Capital Factory and DivInc Black winners in Tech Challenge pitch competition have been announced. Typically – there is just one winner but according to reports the competition was too good this year and two startups were chosen. The local winner of the challenge, which is aimed at increasing diversity in the tech community, was Safer Management, a public school and university attendance tracking startup. Safer was founded by Fred Burns in 2020. His company, along with Indiana-based gig work platform Clutch, took home a $100,000 investment. According to reports, Burns noticed one of these
Encantos, the web3 platform empowering creators who help kids learn, has entered into a partnership with SUMA Wealth to bring non-fungible tokens (NFTs) to the Latinx community. SUMA Wealth, the leading financial technology company for U.S. Latino youth, will partner with Encantos to create educational programs simplifying the world of web3, including NFTs and cryptocurrencies, for its members and provide exclusive access and opportunities acquire NFTs from Encantos creators. The first NFT introduced to the SUMA community will be from the Emmy-Nominated Venezuelan artist Susie Jaramillo and her recently announced
People in the US city of New York are subject to “shocking” mass surveillance through facial recognition technology cameras, with the invasive technology especially trained on areas of the city with greater concentrations of non-white residents, new research by Amnesty International and partners has revealed today. The new analysis – published as part of a global Ban The Scan campaign – shows how the New York Police Department’s vast surveillance operation particularly affects people already targeted for stop-and-frisk across the city’s five boroughs. In the Bronx, Brooklyn, and Queens the research shows
African fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in justtwelve months.
It was rare to see a Nigerian startup raising $10 million ten years ago but now the country’s fintech unicorns are becoming just as valuable as its banks. Every other month we’re hearing about startups all over the country raising capital but a new report has found that in 2021, investors, including global giants SoftBank and Tiger Global, put a total of $1.37 billion into Nigerian startups, according to Africa: The Big Deal, a pan-African funding tracker. But to justify large valuations, companies need to demonstrate growth, which means spending big on customer acquisition.
Up to £23 million in government funding will create more AI and data conversion courses, helping young people from underrepresented groups including women, black people and people with disabilities join the UK’s world-leading Artificial Intelligence (AI) industry. Up to two thousand scholarships for master AI conversion courses, which enable graduates to do further study courses in the field even if their undergraduate course is not directly related, will create a new generation of experts in data science and AI. The UK has a long history in AI, from codebreaker Alan
Alejandro Cordero, a professor of electronics and the CEO & Founder of Innova Space, which is reportedly the only company in Latin America that specializes in the design and development of PocketQube pico-satellites. Innova Space was born from an educational project led by Cordero and his seventh-year students. Cordero had challenged his students of Technical High School, which is dubbed number five in the city of Mar del Plata, Argentina with designing a satellite in 2019. In the process, Innova Space received an offer from a startup accelerator. An investment of $100,000
Nestcoin, a Black-owned company founded last November with a mission to build, operate, invest in web3 applications and make crypto accessible to everyone, has raised $6.45 million pre-seed. The company’s products cut across Decentralized Finance (DeFi), media, digital art, and gaming. Described by its founder as a venture collective, it launched its media arm called Breach last year to create bite-sized and informative crypto content for the average African. It also set up Metaverse Magna (MVM), a gaming guild that introduces users to the world of play-to-earn crypto-powered games like Axie
