Posts in Category

Startups

MOONHUB has recently announced a significant boost to its growth and innovation efforts with an investment of €1.3 million ($1.4 million), led by Unconventional Ventures.  The round, backed by Pi Labs and Ada Ventures, has raised MOONHUB’s total funding to an impressive €4.1 million ($4.5 million). MOONHUB’s Story MOONHUB is a trailblazing, interactive virtual reality (VR) training platform. Founded in 2016 by CEO Dami Hastrup and co-founders Vinh Ly and Hannah Sutcliffe, MOONHUB is pioneering in learning and development. Its platform offers CPD-accredited immersive VR learning experiences featuring its patented Spot and Jot technology.  This approach has seen the

Lucy Guo, a self-made millionaire and co-founder of the $7 billion-valued unicorn Scale AI, is making headlines again with her platform Passes, according to Fortune. Lucy Guo And Passes At 29, Guo has secured $40 million in Series A funding for her new venture, Passes, a creator monetization platform.  Passes, previously used by Black Chyna, aims to revolutionize how content creators earn money. The $40 million round was led by the San Francisco-based Bond, spearheaded by Kleiner Perkins alums Mary Meeker and Mood Rowghani. Skims co-founders Emma and Jens Grede

UK-based Black woman-founded digital health startup SökerData, has been awarded a share of a £6.2 million ($7.8 million) grant from Innovate UK. SökerData Research has found that people of European genetic ancestry represent a disproportionate 80% of participants in genome-wide association studies (GWAS).  By contrast, only 2% of participants have African genetic ancestry. This imbalance has profound implications, especially in diseases like breast cancer, where outcomes vary significantly across ethnicities.  SökerData’s project focuses on building a diverse biomarker database, a critical resource in the realm of medical research. Biomarkers are

Black Tech Nation Ventures (BTN.vc), a venture firm based in Pittsburgh, has announced the final close of a $50 million inaugural fund.  BTN.vc This fund specifically targets software startups led by founders from traditionally underrepresented backgrounds, including Black, Latinx, Indigenous, female, and LGBTQ+ entrepreneurs. BTN.vc’s founding in 2020 resulted from a collaboration between three serial entrepreneurs, Kelauni Jasmyn, David Motley, and Seán Sebastian. The focus addresses the long-standing issue of inequity in funding and anticipates significant returns within the venture industry. “We set up BTN.vc to equip and train a

Recent data from Crunchbase reveals that there has been a disproportionate decline in venture funding for Black-founded startups in the United States. A Fall Below The $1B Threshold Last year, these startups secured only $705 million in funding, marking the first time since 2016 that the figure fell below the $1 billion threshold. This sharp decline of 71% in funding to Black-founded companies starkly contrasts with the 37% decrease in overall U.S. startup funding, highlighting a widening gap in investment allocation. This drop signifies a declining share of Black-founded startups

In Baltimore, a new social shopping platform, Xclusit, is transforming consumers’ engagement with Black-owned businesses.  Vincent Johnson’s Journey Vincent Johnson, an Ellicott City-based entrepreneur and the CEO of Xclusit, crafted the platform to empower Black businesses. Johnson, a Vanderbilt University graduate with a master’s in divinity, initially focused on Black economics.  His passion for entrepreneurship led him away from pursuing a PhD, instead dedicating himself to developing tech solutions that support Black-owned businesses. His journey in the tech world began with his first app, Coupify.  Still, through direct engagement with

Chaymeriyia Moncrief, an Alabama native, has made a mark in the tech industry as the first Black woman to own a smart glasses brand.  NSPRE  Two years after founding Tesix Wireless Network, a millennial-focused wireless carrier., Moncrief launched NSPRE to ”inspire the culture through social technology“. From its inception in 2020, the brand swiftly progressed, raising $1.5 million in funding during its launch year.  In June 2021, NSPRE established its headquarters in Alabama, reinforcing its foundation. NSPRE’s flagship product, the Smart Glasses, aims to represent a leap into the future of

Crowe LLP, in collaboration with Intuit Inc., has launched an innovative initiative called Crowe Beacon for minority-owned businesses. The Crowe Beacon Crowe LLP is a leading public accounting, consulting, and technology firm, and Intuit Inc. is the technology platform behind Intuit QuickBooks, TurboTax, Credit Karma, and Mailchimp. This initiative, announced in Chicago as part of Black History Month celebrations, aims to empower minority-owned small businesses by enhancing their financial maturity and capital readiness. The Crowe Beacon small business advancement initiative responds to the challenges faced by minority-owned businesses. The initative

Joe Cecala and Dwain J. Kyles are launching The Dream Exchange, which is set to become the first Black-owned stock exchange in the United States. Dr. Martin Luther King Jr’s Influence The two, influenced by the civil rights movement and drawing inspiration from Dr. Martin Luther King Jr., aim to bridge the gap between Main Street and Wall Street, creating a more inclusive financial marketplace.  “What he [Dr. King] began to understand in the later years of his life [is] that you were not going to achieve equality anywhere in

Uber Technologies Inc. is set to invest in Nigerian startup Moove in a funding round that could reach up to $100 million, Bloomberg reports. Moove Founded in Lagos in 2020 by Nigerian-born entrepreneurs Ladi Delano and Jide Odunsi, Moove has expanded its reach beyond its origins. The duo’s aim is to build the world’s largest integrated vehicle financing platform for mobility entrepreneurs. With its headquarters in Amsterdam, the company now operates across Africa, the UK, the UAE, and India.  Moove’s innovative business model revolves around a unique credit-scoring system, offering

1 2 3 58 Page 1 of 58