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Serena Williams is convinced that Silicon Valley is making a mistake by not investing in startups founded by Black women, and that’s why she launched Serena Ventures. This venture capital firm invests in early-stage entrepreneurs. The mission is to support dreamers and visionaries of the future, allowing them to capitalize on their genius. Serena Ventures is making waves in the VC world by investing in mission-driven companies with over 50 portfolio companies with a $33 billion market cap and 60 percent diverse founder investments. Besides her VC firm – we

Deciding on the right type of funding for your business can be difficult. In fact, it’s considered one of the hardest and most stressful things you could do as it can make or break your startup. Every funding option has advantages and disadvantages, and some are better suited to certain types of businesses and business models. It’s important to explore the funding options available before deciding how to build your company as the route you take will have some serious consequences. Here we break down what some of the keywords

A few days ago, I got an email regarding a Black-led, Gen Z fintech startup providing income-constrained individuals with investment opportunities. The release said the company, run by a 22-year-old and 25-year-old duo, had just announced their Series A investment round. This – of course – immediately caught my attention because I’m eager to highlight the achievements of young people in tech, but I was even more ecstatic when I saw the figure – Sheridan Clayborne and Mitchell Jones had managed to raise a whopping $18million in their fundraising round.

Nigerian automotive tech company Autochek has secured a $13.1 million seed round almost a year after raising $3.4 million pre-seed in November 2020. Pan-African VC firms TLcom Capital and 4DX Ventures led the recent fundraising. These are the same investors that led the startup’s pre-seed round. Other existing investors include Golden Palm Investments, Enza Capital, and Lateral Capital, invested as well. First-time investors included ASK Capital and Mobility 54 Investment SAS, the venture capital arm of Toyota Tsusho and CFAO Group. In total, Autochek has raised $16.5 million in two financing rounds. What service does

The Black founded start-up with a mission to make culturally competent healthcare accessible for minority communities has announced that it raised $1.6 million in seed funding led by the Female Founders Fund with participation from Serena William’s venture firm. Founded in 2018, HUED’s database now features over 600 healthcare providers tailored specifically towards communities of color and has developed a digital training curriculum for healthcare systems and stakeholders. The curriculum provides tools to dismantle structural and policy barriers that prevent these communities from accessing the care they need. Other round

When it comes to Venture Capital, the UK is far from meeting the necessary targets for diversity, particularly when it comes to the Black community. But Black VCs up and down the country are not staying silent anymore, and many of them are becoming more and more vocal on the lack of diversity in the sector, with some taking matters into their own hands to make an active change. From blogs and podcasts that advise new founders, group mentoring sessions to even launching their own firms specifically for Black aspiring VCs

Minority Equality Opportunities Acquisition Inc, known as MEOA for short, is now the first Black-led special purpose acquisition company (SPAC) traded on the Nasdaq Capital Market. The news on the milestone move comes after MEOA, which will continue to focus on historically undercapitalized minority-owned or controlled businesses, closed a $126.5 million upsized IPO of units on August 30. Its founders – chairman Shawn Rochester and CEO Robin Watkins – believe “the mission and purpose of MEOA will help catapult minority enterprise in this country.” Mr. Rochester told the Seattle Times that as a

Startup investing in Africa has come a long way, partly due to the work that angel investors do in helping startups take off. Angel investors are the individuals who provide early-stage financing for startups, helping them get off the ground, and hopefully attract bigger investments. Because they invest at the very early stages of a startup’s life, the chances of failure are really high, yet many startups may never get started without the money they invest. We spoke to Biola Alabi, an angel investor and the founder of Biola Alabi Media,

More new Black-owned companies were formed in 2020 than at any time in the last 25 years. However, we do know the significant challenges Black and Brown founders face trying to gain much-needed venture capital and investment for their businesses. Despite a bleak outlook, some minority entrepreneurs have found ways to attract investment during a chaotic pandemic year. In fact, Black founders are raising record amounts of venture capital funds in 2021. How are founders finding investment? Lockdowns theoretically made investors easier to reach. Many founders are now more accessible virtually through Zoom and

Techish is back with a brand new episode! Abadesi and Michael discuss Instagram’s new feature will let online shops identify as Black-owned to better attract users wanting to show support. (28:00) They also break down: Bezos steps down and Amazon strives to be Earth’s best employer (0:20) Is it the end of an era for innovation for Big Tech companies?  (5:00) Sha’Carri Richardson’s ban from the Tokoyo Olympics, cannabis, and the politics of sport (8:55) The pros and cons of Robinhood going public (16:48) The online scam taking money from your bank transfers (23:40)

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