FanUp, a hub for Gen Z and female sports fans, has announced an exclusive strategic financing round with Tru Skye Ventures and 9.58 Ventures. Tru Skye Ventures, the $100 million sports tech fund co-founded by NBA Champion Metta World Peace and former Boost Mobile CEO Stephen Stokols, teamed up with 9.58 Ventures, a high-grade set of investors and trendsetters promoting groundbreaking technological innovation across society. Traditional sports betting currently only serves less than 9% of American fans. FanUp engages a more expansive and expanding audience through a creative, free-to-play model that provides users
HBCUvc Alumni Fellows invested over $10 million into Black-founded startups and organizations, according to the organization’s 2024 Annual Impact Report. Black entrepreneurs still struggle to gain capital. In 2024, Black-founded startups received just 0.48% of total US venture capital, from 1.3% in 2021 and 0.5% in 2023, according to Crunchbase. This decline comes at a time when the country is facing a vast overturn in DEI initiatives. HBCUvc aims to create a smooth pipeline of investors, supporting its program participants from their first exposure to venture capital through hands-on experience and,
Stacy Brown-Philpot, TaskRabbit’s former chief executive officer, secured $172 million for her new venture fund, Cherryrock Capital. The fund focuses on investing at the Series A and B stages in companies led by underinvested entrepreneurs. Cherryrock Capital’s investors included JPMorgan Chase & Co. and Goldman Sachs Group Inc, as well as Massachusetts Mutual Life Insurance Co., LinkedIn co-founder Reid Hoffman, Ariel Investments’ Mellody Hobson, and former Meta Platforms Inc. chief operating officer Sheryl Sandberg, according to Bloomberg. The fund’s launch comes at a time when several companies are scaling back their
Scoreplay, a media management startup, raised $13 million in a series A funding round. The round included notable investors such as NBA star Giannis Antetokounmpo, soccer star Alex Morgan, and Alexis Ohanian’s Seven Seven Six VC fund. The AI-driven platform provides tools that allow teams and leagues to automate the ordering and distribution of content. This clarifies what is usually a complicated process with different types of media spread over numerous software platforms. Scoreplay helps users discover content faster by accelerating new content production and streamlining delivery to athletes, broadcasters,
Ulu Ventures, reportedly the largest Latina-led fund in the US, has raised $208 million for its fourth fund. The fund supports seed-stage tech startups in the US using an inclusive, data-based approach that seeks to limit cognitive bias without shutting out any demographic group. This strategy has led to a more diverse portfolio than traditional venture investments. “Ulu is a beacon for the most talented entrepreneurial teams because we reduce bias by applying impartial methods of assessing risk and the same criteria to all people,” CEO, Co-founder, and Managing Director
Just days before leading the Philadelphia Eagles to a historic Super Bowl win against the Kansas City Chiefs in New Orleans, running back Saquon Barkley announced he had joined Ramp as an investor. The New York-based financial operations platform is designed to save companies time and money and is Barkley’s largest private technology investment. “I’ve always believed a winning mindset applies to every part of life,” Barkley said in a press release. “If you want to dominate, you don’t switch off when the clock hits zero, and I demand that
Silicon Valley venture capital firm Andreessen Horowitz (a16z) has hired Daniel Penny, the former Marine who made national headlines following the killing of Jordan Neely, a 30-year-old homeless Black man, on a New York subway. The news was first reported by The Free Press. Penny was acquitted of criminally negligent homicide in December 2024. Although he has no prior investment experience, Andreessen Horowitz plans to train him for his new role. Jordan Neely’s Death Jordan Neely was known for being a Michael Jackson impersonator who performed in Times Square. During
In 2024, African startups saw fewer investors financing deals of over $100,000. 850 startups received funding over $100,000 in 2021, but this number decreased to around 520 last year, according to findings from Africa: The Big Deal. The report also found that investors are less active than before, as 28 were involved in over ten $100,000 deals in 2022, but this number dropped to 8 in 2024. Who were the top investors in Africa in 2024? 54 Collective was the only investor participating in more than 20 $100,000 deals. The
Pryce Yebesi, 24, has sold Utopia Labs, his crypto invoicing business, to Coinbase and announced the launch of his new startup, Open Ledger. Open Ledger implants automated accounting software into products that small businesses currently use and has already raised $3 million in a round led by Kindred Ventures and Blank Ventures, as first reported by TechCrunch. Why did Yebesi launch Open Ledger? Pryce Yebesi started thinking about Open Ledger while running Utopia Labs as the product and operations lead. After noticing that the businesses he operated with still used
Google has joined a $90 million equity investment round in Cassava Technologies, signaling a significant step in supporting Africa’s digital infrastructure. The funding round also includes contributions from the US International Development Finance Corporation (DFC) and Finnish development firm Finnfund, among others. Bolstering Africa’s Connectivity This investment aligns with Google’s broader efforts in Africa, including the Equiano subsea cable and the new Umoja fiber-optic cable connecting Africa and Australia. Cassava has already established itself as a leader in Africa’s tech ecosystem, offering solutions in data centers, cloud services, and renewable
