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Venture capital firm, LatinxVC, has opened applications for the third cohort of LatinxVC fellows.  The eight-week program prepares participants for a successful analyst, associate, and senior associate role at a venture capital firm. In addition, the program will equip Latinx candidates with the tools needed to succeed and break into the investment world.  LatinxVC was founded in 2019 by Rami Reyes, Maria Salamanca, and six other Latinx professionals. It works to grow the number of Latinx professionals in venture capital by helping them develop their careers and network.  Their eight-week program

Black-owned digital bookkeeping platform, Pastel, has raised $5.5 million in a seed funding round. The round led by pan-African venture capital firm TLcom Capital also included other VC firms such as Global Founders Capital, Golden Palm Investments, DFS Labs, Ulu Ventures and Plug and Play, and Soma Cup.  Pastel, co-founded in 2020 by Abuzar Royesh, Olamide Oladeji, and Izunna Okonkwo, is a platform designed to help build digital tools to provide a solution to issues small businesses across Africa face. The platform’s primary goal is to unlock the potential of

B2B startup Vori has raised $10 million in Series A funding. The funding round was led by Silicon Valley-based venture fund, The Factory, and included participation from Greylock, E2JDJ, MKT1, and Mollie Stone’s Markets.  Vori, founded in 2019 by Brandon Hill, Robert Pinkerton, and Tremaine Kirkman, is revolutionizing the grocery industry with its B2B operating system. Vori’s platform is committed to enhancing retailers’ inventory workflows by digitizing traditionally labor-intensive processes.  Their work unlocks the data required for grocery retailers, brands, and distributors to effectively address food access and food waste

Black-owned SaaS startup, Stimulus recently closed a $2.5 million seed round. The funding round was led by Black Ops VC and included Genius Guild, Morgan Stanley, Northwestern Mutual Future Ventures, REFASHIOND Ventures, Bronze Valley, The BFM Fund, Plain Sight Capital, Penn Medicine, and a few angel investors.  Stimulus, founded in 2017 by Tiffanie Stanard, is a relationship intelligence (SaaS) platform that uses data insights and relationship-building tools to help companies make the best purchasing decisions while assisting them in optimizing, nurturing, and growing their supplier ecosystems.  The company’s mission is to help businesses

Backstage Capital, one of the first venture capital firms to pave the way for hundreds of underrepresented founders, has announced Bank of America as the latest investor in its Opportunity Fund I.  The investment firm, founded by Arlan Hamilton, has been investing in underestimated founders since 2015. As a result, the platform has one of the largest portfolios of underrepresented founders in venture capital. Their portfolio comprises 200 companies led by women, people of color, and LGBTQ+ founders.  According to a press release, Bank of America recently announced that it had

Black-owned digital health platform, She Matters has closed a $1.5 million pre-seed investment fund. The funding round included participation from Oxeon Ventures, Chingona Ventures, New York University, The Fund, and Techstars.  The platform, co-founded by Jade Kearney and Marguerite Pierce, is a social networking platform designed to support Black mothers who experience postpartum comorbidities. The organization provides mothers access to a community, culturally competent healthcare, and culturally relevant resources. Additionally, they train healthcare providers on culturally appropriate healthcare and help them understand Black women’s challenges.  She Matters’ original mission was

Black-owned African integrator system, Bluechip Technologies, has announced its expansion to Europe amid growing demand.  Bluechip Technologies, co-founded in 2008 by Kazeem Tewogbade and Olumide Soyombe, is a software company that works to provide business solutions and strategies to companies. The Nigeria-based organization focuses exclusively on assisting companies in planning, designing, implanting, and operating business application solutions.  The organization gathers data from multiple sources and translates it into information that can help organizations understand trends. This process also allows them to assist businesses with understanding data to make better decisions

“If I have to choose between building my tennis resumé and building my family, I choose the latter.”  World acclaimed tennis player Serena Williams recently announced in an interview with Vogue that she would be stepping away from tennis and “evolving away from the sport,” – so what does the future look like for Williams?  Two years ago, Serena Williams launched her first-ever venture capital firm, Serena Ventures. Williams has used her platform to invest in early-stage companies and has also carried out five exits valued at over $100 million. 

Miami-based cybersecurity startup, Lumu, has closed an $8 million investment round. The funding round led by Panoramic Ventures also included SoftBank Group’s SB Opportunity Fund, KnowBe4 Ventures, Land Bess, a former Zscaler, and Tom Noonan, former CEO at Internet Security Systems.  Lumu, founded in 2019 by Ricardo Villadiego, is a cybersecurity company that helps businesses identify and isolate cyber-compromise in real-time. The platform identifies and isolates potential threats, attacks, and adversaries affecting enterprises. As more nation-state criminal groups continue targeting everything from business IP to government secrets, Lumu’s services have proven to

The Black Girl Magic Digital summit, which has returned for its fourth consecutive year of programming, will allow small-business female-owned entrepreneurs to qualify for a prize pool of $100,000 in grants.  The summit, produced by Boss Women Media production, aims to educate, empower, and equip Black women. The summit’s goal will be to celebrate and support thousands of global attendees, including a network of corporate professionals, entrepreneurs, and student changemakers.   “We are on a mission to provide Black women with the tools and education they need to take the next

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