Serena Ventures—Williams’ VC firm helped donate $10 million in seed funding for Teal Health – a women’s health startup founded by Kara Egan (CEO) and Dr. Avnesh Thakor. The company, founded in 2020, was formed to create an at-home-self collect cervical cancer screening kit, which is under FDA review for the time being. During Thakor’s medical experience, he witnessed inadequate change in cervical cancer screenings and formed a self-collect prototype. “Teal Wand™ will provide women with an alternative to the traditional screening method with stirrups and a speculum, making it easier
Funding for female-led and female-founded ventures in Africa reached a record low in 2024, ‘Africa: The Big Deal’ reported. These figures are the lowest they’ve been since 2019, as female CEOs received only $48 million in funding in 2024. That number is four times less than in 2023. In contrast, $2.2 billion went to their male peers in 2024. Additionally, female CEOs only received 2% of the total invested last year. Funding for gender-diverse teams was slightly better as they received $123 million in funding, while $21 million went to solo
BlackRock Inc. executiv Adebayo Ogunlesi has joined OpenAI’s board of directors. The billionaire investor has experience in infrastructure investing, aligning with OpenAI’s to expand data centers and energy resources to grow AI development. Ogunlesi, a senior managing director and board member at BlackRock, joined the company last year after it bought his previous business, Global Infrastructure Partners (GIP), for around $12 billion, making him a billionaire. Who is Adebayo Ogunlesi? Ogunlesi created GIP in 2006 before spending 23 years at Credit Suisse, holding several senior positions such as Executive Vice
Singer Jason Derulo is set to join will.i.am’s FYI.AI creative collaboration platform company, Celebrity Access reports. will.i.am is the founder and CEO of the company and appointed Derulo as the Ambassador and Intelligent Media Leader at FYI.AI. “Jason’s passion about AI, his enthusiasm and optimism about the intersection of technology and creativity, entrepreneurial skills, and community reach make him a fantastic addition to the FYI team to help shape our creative strategy going forward,” will.i.am said. What will Jason Derulo do at FYI.AI? Derulo will work with will.i.am and other
Startups in Africa raised $2.2 billion in 2024, with Kenyan startups receiving the most funding, according to Africa: The Big Deal. For the second year in a row, Kenya secured the most funding in Africa, raising $638 million, with 88% of the total amount raised in East Africa. How much money was raised in Kenya and East Africa? East Africa raised $725 million in total, equal to 1 in 3 dollars raised in Africa. Kenya received $638 million in funding on its own, which makes up 88% of the overall
Africa’s startups raised $2.2 billion in equity, grants, and debt (excluding exits). While this is an impressive figure, it highlights a 25% decrease compared to last year, when startups in Africa secured $2.9 billion, according to ‘Africa: The Big Deal.’ Who were the major key players? The total of $2.2 billion was primarily driven by two significant deals by Nigeria’s Moniepoint and South Africa’s Tyme Group. A gross of 188 ventures secured $1 million or greater (excluding exits) in funding, 10% less given in 2023 despite the 25% dip in
Here are five Black innovators we think are set to make significant moves in 2025. From health tech and biodesign to venture capital and the creator economy, these individuals are at the forefront of progress. They’re reshaping industries, launching transformative products, and empowering communities worldwide. Here’s a closer look at their work and why you should keep them on your radar. Amanda Spann – Empowering Non-Technical Founders Amanda Spann is a marketing consultant and app entrepreneur dedicated to empowering the Black tech community. Her most recent initiative, The App Accelerator,
When Nadia Odunayo sat down in January 2019, she had a choice to make: pursue her idea for a running app or dive into her passion for books. She chose the latter, and what started as a side project quickly evolved into The StoryGraph, a community-driven social cataloguing web platform for books. With Amazon-owned Goodreads dominating the market, The StoryGraph has become a refreshing favorite for readers looking for a more personalized experience. Revolutionizing Reading With The StoryGraph Odunayo, a Black British engineer and entrepreneur, built The StoryGraph to offer
Prequel, a platform tackling the challenges of application reliability through community-driven problem detection, announced it has raised $3.3 million in seed funding. The funding round was led by Work-Bench, with participation from Runtime Ventures, Operator Partners, and notable tech founders such as Shay Banon (Elastic), Jon Oberheide (Duo Security), Monica Sarbu (Xata), and Andrew Morris (GreyNoise). A Fresh Approach to Reliability Engineering Engineering teams face increasing challenges to deliver reliable services in complex software environments. From open-source dependencies to service misconfigurations, the issues can disrupt releases and inflate cloud costs
Los Angeles-based moms Dr. Anndretta Lyle and Stacy Kirk, both leaders in education and technology, have joined forces to create Thrive Culture Box, an innovative subscription service for families with children aged four and up. Designed to celebrate and explore Black culture, the service provides monthly activity kits that combine hands-on learning with interactive digital lessons. Each box features engaging tools and materials, along with instructional videos that guide families in discovering Black history, achievements, and creativity. The Thrive Culture Box The debut series of Thrive Culture Box spotlights Black
