New York Giants defensive end Kayvon Thibodeaux has been named a venture partner in The Collectiv, a new $20 million venture capital fund focused on early-stage sports tech companies and emerging leagues. Strategic Investment for Life After Football Thibodeaux’s partnership with The Collectiv reflects his broader ambition to establish a strong business presence while still actively competing in the NFL, as first reported by Spotico. The fund, which aims to raise $20 million over the next six months, includes a consortium of athletes, sports executives, and industry leaders from major
Vista Equity Partners (Vista), under the leadership of Robert F. Smith, has acquired JAGGAER, a global leader in enterprise procurement and supplier collaboration software. This acquisition comes on the heels of Vista’s recent milestone—a record $20 billion raised for its eighth flagship fund, marking the largest fundraising in the firm’s history. A Strategic Acquisition in the AI-Driven Procurement Space JAGGAER, known for its AI-enabled procurement solutions, serves over 1,400 customers worldwide, offering a platform that optimizes sourcing, spend management, and supply chain visibility. This acquisition aligns with Vista’s strategy of
The Business Development Bank of Canada (BDC) is investing $200 million CAD ($140 million USD) in Indigenous and Black-led businesses to promote inclusive economic growth. The government-owned bank is also launching a $50 million ($36 million USD) financing and training program for women, Indigenous, and Black entrepreneurs. Investing in Indigenous and Black entrepreneurs This investment is part of the BDC’s strategy to address longstanding barriers faced by underrepresented entrepreneurs and to promote a more diverse and resilient entrepreneurial landscape in Canada. The $200 million CAD investment will be channeled through two
South Africa-based startup accelerator Founders Factory Africa has officially rebranded as 54 Collective, marking its transition to a venture capital (VC) firm. $150 Million To Support African Startups The rebranding comes after four years of accelerating African startups, during which the organization built a reputation for creating innovation across the continent, according to Empower Africa. Now, with a $40 million fund, 54 Collective is set to invest in early-stage ventures across various sectors. “Today, we are a VC firm with a $40 million fund, and when combined with our $107
R&B artist Brent Faiyaz and his business partner Ty Baisden have invested more than $100,000 in Black women-led STEM companies, according to Billboard. Investing Music Profits Into Black Women-Led Businesses Under their Lost Kids label, Faiyaz and Baisden operate a 50/50 business partnership that reinvests profits from Faiyaz’s music career into various ventures. Their primary focus is on Black women-led businesses, particularly in the STEM fields. “Those projects and his tours are the financial seeds for Brent and me to go out and make individual investments,” said Baisden. The duo’s
Over 100 prominent venture capitalists (VCs) have thrown their support behind Vice President Kamala Harris for the upcoming presidential election. Among these supporters are LinkedIn co-founder Reid Hoffman, Khosla Ventures’ Vinod Khosla, and billionaire investor Chris Sacca. Tech Leaders Rally Behind Kamala Harris The collective, organized under the banner VCsForKamala.org, represents a broad spectrum of tech and business leaders who are advocating for Harris’s vision for America. Their statement emphasizes a commitment to the American dream, entrepreneurship, and technological progress. They also stress the importance of democracy as a fundamental
The Biden-Harris administration and the U.S. Economic Development Administration (EDA) have granted $51 million to the Tulsa Hub for Equitable and Trustworthy Autonomy (THETA). Led by Tulsa Innovation Labs, the initiative aims to enhance the region’s capabilities in autonomous systems through advanced manufacturing and technology deployment. Tulsa’s Legacy of Innovation Tulsa is one of 12 regions awarded funding from the 31 designated “Tech Hubs” last fall. This federal investment leverages Tulsa’s strong history in aerospace and manufacturing to push U.S. leadership inequitable and trustworthy autonomous systems. The city’s focus areas
MoviePass, a Black-owned movie-theater subscription service, has received an equity investment from Forecast Labs, a consumer venture group owned by Comcast. As first reported by Variety, this investment will help MoviePass attract new customers through targeted TV ads using Comcast’s media reach. The financial details were not disclosed. The company was recently the subject of the HBO series “MoviePass, MovieCrash.” The Rise, Fall, And Rise of MoviePass Launched in 2011 by Stacy Spikes and Hamet Watt, MoviePass allowed subscribers to buy one movie ticket daily for a monthly fee. Despite
Crunchbase has announced the expansion of its Diversity Spotlight feature to include companies in Europe. This expansion will allow up to one million additional companies on Crunchbase to add Diversity Spotlight tags to their profiles, enhancing the visibility of diverse founders and investors across the continent. Crunchbase’s Diversity Spotlight Crunchbase introduced its Diversity Spotlight feature in 2020 to centralize and highlight data about companies with diverse leadership and the investors who fund them. This feature indicates diversity in an organization’s leadership team, including founders and CEOs for startups and managing
OpenseedVC has reached the first close of its $10 million fund for operator-led startups in Africa and Europe. Founded by former Octopus Ventures and Oxford Seed Fund investor Maria Rotilu, OpenseedVC is a new solo General Partner (GP) that aims to be the first check for startups. OpenSeedVC: Filling a Crucial Funding Gap According to Sifted, Rotilu is Europe’s first Black solo GP and one of the first female solo GPs in the region. Rotilu’s strategy with OpenseedVC is to back startups even earlier than the pre-seed stage, at a
