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Startups

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

John Hope Bryant, CEO of Bryant Ventures and Operation HOPE, has donated $1.8 million to support the entrepreneurial ambitions of 70 Albany State University (ASU) graduates.  Each recipient will receive $25,000 and extensive business resources to launch their ventures. $1.8M Grant to Boost Black Entrepreneurship The selected graduates will receive financial backing and also a “special forces team” offering tools like free domain names, Shopify accounts, and access to legal and financial experts. ““They get a free domain name that they own, a free website that they own, a free

Players Health, founded by former athlete Tyrre Burks, has secured $60 million in Series C funding to expand its mission of ensuring safety in youth sports.  Led by Bluestone Equity Partners, the funding round also included Mosaic General Partners, RPM Ventures, SiriusPoint, and TriplePoint Capital, bringing the total raised to over $100 million. A Former Athlete’s Vision for Change Tyrre Burks founded Players Health to address the challenges he experienced as an athlete playing Division II football team while attending Winona State University, then in Europe and the Canadian Football

Google has joined a $90 million equity investment round in Cassava Technologies, signaling a significant step in supporting Africa’s digital infrastructure.  The funding round also includes contributions from the US International Development Finance Corporation (DFC) and Finnish development firm Finnfund, among others.  Bolstering Africa’s Connectivity This investment aligns with Google’s broader efforts in Africa, including the Equiano subsea cable and the new Umoja fiber-optic cable connecting Africa and Australia.  Cassava has already established itself as a leader in Africa’s tech ecosystem, offering solutions in data centers, cloud services, and renewable

Penny Jar Capital, the early-stage investment firm backed by basketball star Stephen Curry, has filed paperwork with the SEC to raise a second fund, as first reported by TechCrunch. The filing for Fund II doesn’t list a specific target amount and also submitted a separate filing for a related entity called Fund II Collective.  Both filings were made in October, signaling Penny Jar’s commitment to expanding its portfolio. As Penny Jar’s anchor investor and special advisor, Curry helps the firm source investment opportunities and works behind-the-scenes to drive impact for the portfolio

Marcy Venture Partners, co-founded by Jay-Z, has merged with Pendulum Holdings’ investment arm, Pendulum Opportunities, to establish a new firm: MarcyPen Capital Partners.  The merger brings together two prominent Black-owned investment firms, combining resources to oversee a total of $900 million in assets, a spokesperson confirmed to TechCrunch. Two Black-owned investment firms Marcy Venture Partners was founded in 2018 by Jay-Z, Jay Brown (Roc Nation co-founder), and venture capitalist Larry Marcus.  Known for backing brands like Rihanna’s Savage x Fenty, Partake Foods, and web3 startup Spatial Labs, the firm has

South Africa’s digital lender Tyme Group has raised $250 million in a Series D funding round, pushing its valuation to $1.5 billion and securing its place as Africa’s ninth unicorn.  Nu Holdings Backs Tyme’s Global Ambitions The round was led by Nu Holdings, Latin America’s largest fintech company. Nu Holdings, the parent company of Nubank, invested $150 million for a 10% stake, marking its first major bet outside of Latin America.  M&G Catalyst Fund contributed an additional $50 million, while existing investors, including Tencent and Gokongwei Group, also participated. Tyme’s

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