Richualist founder Dawn Myers has secured investment from business figures Mark Cuban and Emma Grede on Shark Tank for her hair tool for textured hair. The washday styling tool Myers’ product, The Mint, is designed to detangle, condition, and style curly to coily hair types (classified as 3A to 4C). The hair tool includes six attachments and is designed to simplify and enhance styling. The technology used heats liquid hair products to optimize their effectiveness, addressing the often complicated and time-consuming nature of managing highly textured hair. “You simply load your pod; think
Zuri, a Pan-African beauty startup, has achieved its first institutional tech investment from Launch Africa Ventures. Zuri’s Journey So Far Founded in 2016 by Gisela Van Houcke, Zuri has evolved from Van Houcke selling products from her car to a tech-driven powerhouse. The startup distributes beauty products such as hair extensions and cosmetics while aiming to empower Black women entrepreneurs and customers. Zuri offers a wide range of culturally relevant beauty products distributed through a hybrid model of physical salons, e-commerce, and social channels. The company has also developed a software platform
Nearly 60% of Black small- and mid-sized business (SMB) owners on TikTok say that the app is critical to their business’ existence, a new Oxford Economics report has found. TikTok’s Value For Small businesses Oxford Economics, in collaboration with TikTok, sought to understand the app’s economic value for local communities across the US. It surveyed 1,050 SMBs and 7,500 users in 2023 to gauge interactions and benefits derived from the app. Small and medium businesses generated $14.7 billion in revenues and supported 224,000 jobs on TikTok supported 224,000 jobs, the
In the first quarter (Q1) of 2024, Africa’s startup scene saw another year-on-year and quarter-on-quarter dip in investments – with a notable exception in the mobility and fintech sectors. A drop in funding According to Africa: The Big Deal, Q1 saw $466 million raised through $100k+ deals by 121 startups (excluding exits). This is a 27% decrease from the previous quarter and only half of the amount raised at the same time last year. Techpoint Africa’s analysis of data from Intelpoint notes a 62% drop in African tech startup funding compared
Black Girls Code has partnered with RiseUp with ServiceNow to launch a three-year initiative redefining career paths within New York City’s workforce. The collaboration was highlighted in a panel discussion featuring Cristina Jones, CEO of Black Girls Code, and Selina Suarez, Global Head of NextGen at ServiceNow. RiseUp with ServiceNow represents a global talent movement to train one million individuals on the ServiceNow Platform. The primary focus is to uncover untapped talent in NYC, paving the way for professional and career development opportunities. Building the next generation of tech leaders Black Girls Code is partnering with ServiceNow to help
Serena Williams, a legendary tennis champion, is making her mark in the tech investment world with her venture capital fund, Serena Ventures. Serena Ventures Following her retirement in September 2022, Williams has focused on the investment sector. With over 14 years of investment experience, she established Serena Ventures in 2014, a venture capital fund to empower women and underrepresented founders. This strategic move was born from Williams’ observation of the glaring lack of venture capital flowing toward specific demographics. As highlighted on its website, her venture proudly supports a diverse array of
Nourish + Bloom, the first Black-owned autonomous grocery store in the US, is reshaping how communities access fresh food after Shark Tank investors declined them. Founded by Jilea and Jamie Hemmings in 2022, Nourish + Bloom aims to reduce the nation’s food deserts, making eating healthy and convenient. Nourish + Bloom Nourish + Bloom is reportedly the first 100% AI-powered supermarket to be open for business 24/7. The store currently offers a range of essentials, from produce to toiletries, and a deli for prepared foods. However, unlike traditional stores, Nourish + Bloom operates
Frontline Doulas has launched the California Black Doula Directory, a resource designed to connect Black families across Los Angeles County with culturally aligned doula services at no cost. Founded in 2019 by Dr. Sayida Peprah-Wilson and Khefri Riley, community-based doulas and champions for Black maternal health, Frontline Doulas is at the forefront of preventative perinatal care in Southern California. “We want to ensure all birthing families find the care they need and deserve, with mutual respect and cultural alignment,” Riley said, according to Black Voice News. The California Black Doula Directory The introduction of this directory comes at
Nigerian startup Thepeer, which gained prominence for its API-based payment solutions, has announced its closure just three years after its inception. Thepeer went from securing $2.1 million in seed funding led by Raba Partnership, with participation from Rali_cap Ventures, BYLD, and fintech giants like Chipper Cash and Stitch, to its unexpected shutdown recently announced. “We embarked on a mission to create something unprecedented, a unique method for transferring money between digital wallets and making payments for goods and services directly from these wallets,” the founders said in a statement. “Yet, we soon realized that exceptional
HERide, a rideshare platform focused on women’s safety, has become the first Black-owned company to secure a contract with Hartsfield-Jackson Atlanta International Airport. Co-founded in 2019 by Jillian Anderson and DeVynne Starks, HERide conducts thorough background checks on drivers and integrates in-ride security features to ensure passenger safety. Focused on women’s safety Anderson’s experience as a rideshare driver highlighted many women’s discomfort using traditional services like Uber and Lyft, especially at night. “There were a lot of women that were hesitant with riding with men at night using Uber and Lyft,” Anderson told AFROTECH. “I
