Fundment, a Black-owned all-in-one tech platform for financial advisers, raised £45 million ($55.4 million) in Series C led by Highland Europe, as per Tech Funding News. The investment will scale the team, develop the product, and achieve future growth. Financial advisers are under more pressure than ever, which is why the global financial planning software market is set to amount to $18.1 billion in the next decade. For this reason, Fundment aims to create innovative solutions for financial advisers that will allow a smooth experience for their clients. “Financial advice is
The London-based venture capital firm Black Seed VC has won the prestigious 2025 Startups 100 DEI Award. Black Seed VC aims to address the funding gap between white and Black founders. The company was also ranked 41st in the 2025 Startups 100 Index, the UK’s longest-running index of the most promising new businesses. When and why was Black Seed VC founded? Black seed VC was founded by Karl Lokko in 2021, who spent a decade campaigning and advocating for a fairer and more inclusive business ecosystem. After the death of George Floyd, businesses and brands
Ilara Health recently received a $1 million loan from the United States International Development Finance Corporation (DFC) to help improve private outpatient clinics in Kenya, according to TechPoint. What is Illara health? The company originally started by renting diagnostic equipment to clinics. Eventually, it expanded to offer health centres the choice to buy pharmaceuticals and items like hospital furniture on credit. The money will help underserved communities have better healthcare by investing in diagnostic devices, health tech, and pharmaceuticals. Last year, the company raised $4.2 million in debt-equity pre-Series A round
Serena Ventures—Williams’ VC firm participated in a $10 million 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 for
Funding for female-led and female-founded ventures in Africa reached a five-year low in 2024, ‘Africa: The Big Deal’ reported. A five year low for Women-led ventures 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
BlackRock Inc. executive 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,
