TJ Taylor, who previously helped shape popular platforms like Raya and Dispo, has entered the venture capital world with the launch of Hobart Ventures, an $8 million fund dedicated to consumer-focused startups. Built from Taylor’s experience in consumer tech, Hobart Ventures will focus on early-stage investments in a sector often overshadowed in traditional VC circles. Hobart Ventures Aims to Support Early-Stage Consumer Tech Taylor’s pivot to venture capital comes after years in the tech industry, where he not only co-founded a stock app but also played a key role in
Research Grid, an AI-driven company dedicated to automating clinical trial administration, has raised $6.5 million in seed funding to streamline trial workflows and reduce costly delays. The funding round, led by Fuel Ventures and including backers like Ada Ventures, Morgan Stanley Inclusive Ventures Lab, and Arāya Ventures, will help Research Grid expand its engineering, R&D, and marketing efforts, with a focus on US and Asian markets. This investment supports Research Grid’s mission to cut down on the labor-intensive administrative tasks that can hinder the speed and success of medical research.
PBS Kids is making strides in computer science education with its new series, Lyla In The Loop, which premiered recently. This animated show follows the adventures of Lyla, a 7-year-old Black girl who, with her friends and family, uses critical thinking and problem-solving skills to navigate everyday challenges. Encouraging Problem-Solving Through Interactive Storytelling One of the unique elements of Lyla In The Loop is its upcoming interactive episodes. These episodes will allow Lyla to break the fourth wall, directly engaging with the young viewers. Using pre-written responses powered by non-generative
In celebration of the 50th anniversary of the Equal Credit Opportunity Act (ECOA), SoFi has launched the Give Her Credit campaign. The digital financial services platform has teamed up with tennis icon Venus Williams and Los Angeles Sparks forward Cameron Brink to spotlight progress in women’s financial rights and inspire ongoing change. The campaign will provide $500,000 in grants, distributing $10,000 each to 50 selected individuals or groups to boost projects promoting women’s financial independence. 50 years of the Equal Credit Opportunity Act Passed in 1974, the ECOA marked a
Former NASA aerospace engineer and future Blue Origin astronaut Aisha Bowe has raised $2.5 million for LINGO, her EdTech company focused on enhancing STEM education. This funding round, led by Pinnacle Private Ventures LLC, is a step towards a venture capital aimed at supporting women and minority-led startups. Expanding Access to STEM Education LINGO offers project-based coding kits and curricula designed for students aged 13 and up, covering subjects such as artificial intelligence, space systems, and environmental monitoring. The funding will enable LINGO to expand its reach, scaling programs that
Black Tech Saturdays (BTS), an initiative propelling Detroit’s Black tech entrepreneurs, has been awarded a $1.2 million grant from the Gilbert Family Foundation. This two-year funding will enable BTS to widen its scope of support through increased access to mentorship, capital, and essential resources for local innovators who participate in its workshops. Investing in Detroit’s Black Tech Community Founded in April 2023 by husband-and-wife team Johnnie and Alexa Turnage, BTS has quickly become a hub for budding entrepreneurs, drawing hundreds each week to its Saturday events. This grant will be
BBG Ventures, the New York-based venture capital firm known for supporting female founders, has raised a new $60 million fund. Co-founders Susan Lyne and Nisha Dua, who launched BBG Ventures in 2014 with a vision of investing in women-led startups, announced that the fund’s focus now includes founders from diverse backgrounds across race, income, and age. Meeting Market Needs in a Challenging Economy Amid a significant decline in venture funding for underrepresented groups, BBG Ventures’ decision to diversify its founder support comes at a critical time. In the first half
Female Founders Fund (FFF), an early-stage investment firm focused on female-founded startups, has successfully returned its first fund, a $5.85 million investment launched in 2014. This milestone positions FFF as one of the few diversity-focused funds to achieve full returns on an inaugural fund. FFF’s Early Vision Yields Strong Returns Founded by Anu Duggal, Female Founders Fund’s initial mission was clear: support female founders at a time when few investors prioritized women-led businesses. FFF’s portfolio includes investments in now-prominent companies like Maven, a healthcare unicorn focused on women’s and family
FanDuel, North America’s online gaming company, announced a $1 million donation to the United Negro College Fund (UNCF) to support students at 11 Historically Black Colleges and Universities (HBCUs) across North Carolina. The funding is aimed at alleviating financial pressures for these students by covering essential needs, including technology, housing, food security, and tuition costs, through UNCF’s Emergency Student Aid program. Supporting Educational Access and Equity The donation ceremony took place on September 29 at Charlotte’s Bank of America Stadium, where representatives from FanDuel and UNCF gathered to mark the
Soul of America, the first Black-owned travel website, marks its 30th anniversary with a mission to empower Black travelers through guides to cities rich in Black culture, history, and businesses. Founded by Thomas Dorsey in 1994, the platform offers travel resources spanning over 150 destinations in the U.S. and abroad, curated to help travelers explore destinations that celebrate and preserve Black heritage. For this milestone, Dorsey and his team have refreshed their popular US City and international travel guides. 30 Years of Building a Legacy in Black Travel Soul of
