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The Lip Bar Inc., the holding company for the beauty brands The Lip Bar and Thread Beauty, has closed a new funding round. The $6.7 million round, led by Pendulum, will focus on expanding The Lip Bar and Thread Beauty’s distribution as well as incubating a third beauty brand. Endeavor and The Fearless Fund also contributed to the fund. Melissa Butler, the business’ founder and Chief Executive Officer, said the round came after years of consistent growth unencumbered by the pandemic. “Our lip sales were crazy during the pandemic—we sold

When TikTok soared in popularity in 2020, the hard seltzer drinks market saw sales double to $4.1 billion.  While the stars were aligning, Nectar Hard Seltzer was a new company attempting to take on established brands such as White Claw and Truly. A unique marketing strategy involving our favorite new social media app and SMS texting would be the secret to their success. When Jeremy Kim received a phone call from his future co-founder, John Dalsey, he couldn’t have predicted the journey they would go on.  Asian-Inspired Hard Seltzer “Hard seltzer is killing

Funding for African startups has hit a new record between January and June. According to reports, the African market is the first to see more than a single digit of growth which was extremely unpredictable considering the slowdown globally.  Venture capital deals within the African region reached a striking $3.5 billion in six months, with no other continent coming marginally as close to Africa’s startup funding growth.  Of the 300 companies that benefitted from this funding, 27% were led by female founders or had at least one female founder. This is

Black couple DeMario and Dawn Nicole McIlawin are the creators behind Skilldora. This Black-owned edtech startup is one of the first e-learning platforms to embrace “digitally created humans,” also known as AI instructors.  Skilldora has partnered with Israel-based company, D-ID, to accelerate academic learning for the next generation. According to Yahoo Finance, edtech startups have helped boost the educational sector. Online education is now one of the most effective and fastest ways for modern learners to learn seamlessly.  Skilldora is on a mission to revolutionize the education system by becoming

Black-owned health startup Ubenwa uses artificial intelligence to detect early diseases in babies and their cries.  The startup’s learning system analyzes the amplitude of a baby’s cry and uses cutting-edge AI to diagnose infants up to six months old. By analyzing the frequency patterns of a baby’s cry, the AI-powered software picks up on brain and lung conditions in young infants.  Communicating with babies Ubenwa was co-founded in 2017 by Charles Onu, Samantha Latremouille, and Innocent Udeogu. The startup combines AI techniques with medical expertise to detect breathing conditions and

No one is in their bag like Keke Palmer. From becoming the host of Meta’s new metaverse series to starring in Jordan Peele’s first NOPE VR experience – Keke has entered a league of her own.  Palmer’s latest venture is KeyTV Network, a digital space which will “spotlight the next generation of creators.” Palmer announced the launch while reflecting on the many hats she has worn throughout her time in the entertainment industry.  “I want to share everything I learned with you because this is my greatest dream of all,” Keke explained.

Byld Ventures, a $15 million fund launched this May, has eyes for startups mainly across Egypt and Nigeria due to the partners’ experiences in those markets. Byld Ventures reached its first close almost in June and a second close at $10 million last month. It expects to achieve its final close by year’s end, according to TechCrunch. Over a dozen athletes have backed the fund as well as the Dubai government and several unnamed institutional LPs. The early-stage fund — which has made four investments: Ceviant, Apata, Thepeer and Anchor — consists of four

Earlier this week, Calendly announced the acquisition of recruiting operating platform, Prelude to help further accelerate the platform’s vision of solving external scheduling challenges for individuals and members of the company.  Prelude, co-founded by Will Laufer and Alexander Soto, is a recruiting operation platform focused on improving the recruitment process to help improve the candidate’s experience. Over the years, Prelude has transformed how companies approach hiring, from communications and prep to scheduling and logistics. In addition, by increasing transparency, Prelude’s enterprise has made the hiring process a lot more seamless for customers.  Prelude and Calendly joining forces

From pioneers and leaders to artists and icons, TIME has officially released its TIME100 Next list, highlighting emerging leaders worldwide who are actively shaping the future and redefining the next generation of leadership.  The annual list, which recognizes 100 rising stars from a range of different sectors around the world, has featured some of the most influential people of the century. Although each person listed is entirely different from the others, they all share the extraordinary lengths they go to to help shape our world and change the future.  This

Timbaland and Swizz Beatz’s battle against short-form music video app Triller has finally come to an end. Earlier this year, the pair decided to sue Triller after alleging they refused to pay them $28 million after acquiring Verzuz, a rap-battle show they founded during the first peak of the pandemic. According to reports, the pair claimed the company had refused to pay the settlement agreement after acquiring their Verzuz platform. Despite Triller denying the claims, the platform has reached an “amicable agreement” with both partners to settle the matter. “Verzuz

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