Posts in Category

Sports

Invesco QQQ’s startup pitch competition is back; this time, it’s even bigger than before. The competition has returned for its second year in partnership with MaC Venture Capital and Concrete Rose Capital.  Invesco’s QQQ Legacy Startup Pitch Competition Invesco QQQ, an exchange-traded investment firm based near Chicago, first launched the Legacy Classic startup pitch competition last year. Initially, the competition was only open to Black founders from HBCUs. However, according to AfroTech, the 2023 competition is open to all Black-founded seed-stage companies with less than $3 million. Since the news was announced,

Tech platform Mission 41K has partnered with former NFL player Emil Ekiyor to bridge the racial gap within tech.  What Is Launch Mission 41K?  Mission 41K is a movement designed to address the difficulty the tech industry faces today with finding and retaining tech talent. By prioritizing a skills-based hiring process, more people will be able to break into the sector through inclusive pathways.  The organization aims to provide a variety of entry points into the industry so people with ongoing apprenticeships and internships can still excel in a competitive

Olympic gold medalists Lauryn Williams and Sanya Richards-Ross, also of The Real Housewives of Atlanta, are embarking on a new journey in the venture capital space. As Debut Capital company investors, Lauryn Williams and Richards-Ross have become two of the first venture capitalists to invest in the Black-owned hiring platform Us In Technology (UIT). “We are incredibly excited about helping UIT connect many more people of color, women, military veterans, people with disabilities, and members of the LGBTQ+ community to life-changing opportunities within the tech industry,” said Richards-Ross. From Athletes

Soft drink company, Mountain Dew (MTN Dew), has expanded its commitment to Black entrepreneurship by creating a new Esports tournament that will see students compete for a $500,000 prize.  Following MTN Dew’s ‘Real Change Opportunity Fund’ initiative in 2020, the soft drink company has joined forces with HBCU Esports League to reinforce their commitment to supporting the next generation of Black entrepreneurs.  The tournament, launched last month, will run until October 28 and will be available for any gamers enrolled at an HBCU to register and join.  Black representation in gaming The

Drake-backed betting platform, Players’ Lounge has raised $10.5 million in a Series A funding round, according to AfroTech. The funding round led by Griffin Gaming Partners included Comcast Ventures, Samsung Next, Vice Ventures, WndrCo, Sharp Alpha Partners, True Capital, Myles Garrett, Josh Norman, and Breanna Stewart. The organization, founded by Austin Woolridge, allows gamers to place bets on matches they are playing against others. In solo, head-to-head competitions, tournament formats, and ongoing competitions, friends can win real money through the Players’ Lounge. For “all kinds of gamers” In an interview

“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. 

Black woman-owned sports tech platform PowerHandz has closed a “multimillion-dollar investment” with one of the world’s largest investment companies, Vanguard Holdings Group.  In 2021, the company announced its merger with PH Innovation Holdings. The partnership enabled PowerHandz to feature some of its performance products and training content in the multi-sport training app’s live stream, reaching a more comprehensive range of youth, coaches, and parents worldwide. The platform received a multimillion-dollar capital injection from Vanguard Holdings Group a year later. Vanguard has also made a private tender offer to the tech

Earlier this year, on February 13th, Sporting Lagos FC played its first-ever football match, which ended in a draw. The club, which currently plays in the Nigerian National League, the country’s second tier, is the brainchild of Shola Akinlade, co-founder and CEO of financial technology company Paystack, which he says was acquired for more than $200 million in 2020 by Irish American financial services company Stripe. Akinlade says he intends for Sporting Lagos to be a platform for community development and social change. But managing a football club in Nigeria is often

NFL Star Jonathan Taylor has invested $6 million into Sports Tech company Strive in a Series A funding round. The funding round, led by venture capital firm, Future Communities Capital, included a range of investors, including SeaChange Fund and Seed to B Capital. NFL quarterback Troy Smith and Jonathan Taylor were new investors who also participated. Strive, founded by Nikola Mrvaljevic in 2016, aims to provide accurate muscle data to athletes and teams. Mrvaljevic decided to launch the company after seeing that college coaches welcomed his ideas on using data

Businessman and investor Baron Davis has announced his partnership with Hennessy for their “Never Stop Never Settle Society” campaign. The serial entrepreneur and former NBA player is set to join the team as a board member and hopes to use his experiences to help champion Black entrepreneurs.  The initiative, launched by the famous liquor brand in 2021, works to accelerate the growth of Black business owners across the US. The $1 million campaign, which Hennessy developed in partnership with talent development platform Marcus Graham Project, provides 20 Black entrepreneurs with

1 2 3 Page 1 of 3