Following Rihanna’s iconic Super Bowl LVII halftime performance, anotherblock‘s non-fungible token (NFT) collection of the track sold out in minutes. Now, the Stockholm-based web3 music startup has secured €4 million ($4.3 million) in funding to continue its work of redefining music ownership. Achieving triple platinum status upon its release, BBHMM gained new virality after Rihanna performed the track at the Super Bowl LVII halftime show. Jamil “Deputy” Pierre, a co-producer on Rihanna’s BBHMM, linked up with anotherblock to sell 0.99% of his streaming royalty rights to the song as 300 NFTs
Japanese conglomerate SoftBank has recently announced the launch of its second fund under the Opportunity Growth Fund, now rebranded as the Open Opportunity Fund (OOF). The fund aims to raise and invest $150 million in startups led by Black and Latine entrepreneurs. New name, chairman, & access Taking the reins as chairman of the fund is serial entrepreneur and investor Paul Judge, who previously served as a founding investment committee member. Alongside SoftBank and select affiliates, Judge and others have agreed to acquire an ownership stake in the OOF. The
Tade Oyerinde is empowering students to complete their first two years of college without taking on any debt through his community college startup Campus. As per Forbes, Campus has secured $29 million in a Series A funding round led by OpenAI CEO Sam Altman and Discord founder Jason Citron to expand the college. Other investors in the round include Figma founder Dylan Field; former head of Stripe Lachy Groom; Bloomberg Beta; Founders Fund; Rethink Education; Reach Capital and Precursor Ventures. Students and professors are struggling In 2018, Oyerinde conceived the
Akash Nigam, the co-founder and CEO of leading avatar company Genies, is spearheading the adoption of ChatGPT within his organization. According to Business Insider, Nigam is spending $2,400 a month on ChatGPT Plus accounts for his 120 employees to cut costs and unlock new levels of productivity. “I’m a pretty frugal, stingy person,” Nigam told the Business Insider. “But in my mind, this is for the health and growth of the company.” By automating monotonous tasks, such as answering coding queries, creating technical roadmaps, and generating creative briefs, Nigam says
True, one of the largest executive search firms in the world, has announced it is acquiring Jopwell, a hiring platform focused on advancing the careers of Black, Latinx and Native American students and early-to-mid-career professionals. According to a press release, Jopwell will complement the executive-focused DEI efforts of True Search and AboveBoard, an inclusive executive platform and community). Jopwell co-founders and execs Ryan Williams and Porter Braswell will continue to build Jopwell as a business unit within True. The story behind Jopwell Williams and Braswell started Jopwell after meeting at Goldman
Stemuli, a Black woman-owned edtech company providing AI-driven game-based learning through its educational metaverse, has announced the merger of infinity.careers and Oppti into Stemuli. Immersive education A lack of engagement in K-12 classrooms today is resulting in math and science scores being at an all-time low. This creates long-lasting negative impacts not only for the students themselves but also for their communities and the national economy. Stemuli reports that we facing a loss of $8.5 trillion in potential earnings because students are not prepared for the workforce that awaits them.
SHENIX® is an innovative fintech company built by Latinas/x, for Latinas/x, to close the wealth gap by providing culturally relevant financial services. Created by Chicago-based entrepreneurs Olga Camargo, Juan Carlos Avila, and Patricia Mota, the web-based app provides financial education, career planning, and salary negotiation resources through a unique digital experience that prioritizes the Latina cultural mindset. After selecting the investment services they need, users are prompted to answer a short survey about their financial and career goals. Immediately after the survey, users get a customized budget recommendation and the
EVEN, a creative platform that enables artists to sell their music directly to fans, has closed a $2.2 million seed round led by CSA Partners. Mag Rodriguez founded the platform last year to help Black and brown artists retain equity in their creative work. The blockchain-based direct-to-consumer platform allows artists to sell their music directly to their fans before uploading their music to streaming platforms. When fans purchase music, they can get access to it one to two weeks before they drop on streaming platforms, as well as exclusive content,
Described as The Amazing Race meets Shark Tank, RoadPitch is the Black-owned program connecting Black tech founders with investors across the US. The brainchild of Barley Sober founder Rohan Brown and electrical engineer Meagan Turner, the program takes Black tech founders on weeklong trips to pitch to investors in cities they aren’t native to. The pair met virtually in 2022 while coordinating StartupBus, a national hackathon on wheels. Getting Black founders in the room “Because of the pandemic, a lot of people have gotten accustomed to sending over a deck
Massachusetts-based Black-led startups are getting a $100 million boost from MassMutual’s second MM Catalyst Fund (MMCF). MassMutual announced that it is adding $100 million to its MMCF. The fund will continue to make investments in startups led by Black and historically overlooked founded-companies in the company’s home state of Massachusetts. MMCF will also invest selectively with fund managers in MassMutual’s First Fund Initiative, which focuses on first-time fund managers from Black, Latine, and Indigenous backgrounds. Building on past success The MMCF has backed 16 companies across various industries since its
