Unshackled Ventures, an early-stage venture capital firm for immigrant founders, has closed its third fund with $35 million. This adds to the $35 million the firm, founded by Manan Mehta and Nitin Pachisia, has already deployed to 80 companies. Unshackled Ventures has also provided over 200 founders with visa sponsorship, immigration support, and a community of resources. Unshackled Ventures The first and only early-stage venture capital fund focused on retaining foreign talent in the U.S., Unshackled Ventures invests in visionary immigrants and has built a place for them to successfully launch a
The United States is the most dangerous and expensive high-income country for childbirth, especially for Black and Indigenous women. Drawing on her own pregnancy experiences, Emagine Solutions Technology co-founder and CEO Courtney Williams has developed The Journey Pregnancy app. This data-driven tool couples the power of technology with a human touch to ensure a safer and more informed pregnancy journey. Addressing Disparities in Maternal Healthcare Black women face a nine times higher risk of maternal death compared to their white counterparts, and it is not because of differences in wealth.
Today marks 75 years since more than 800 passengers from the Caribbean travelled to the UK onboard a ship called the Empire Windrush. These passengers had been recruited to help rebuild Britain after WWII and became known as the ‘Windrush generation.’ Windrush Day has been celebrated in the UK every year since 2018, and it has become a time to appreciate the cultural, social, and economic contributions that were made to the UK. One such contribution can be seen in fintech app Pardna. What is Pardna? Pardna, or pardner, is
Squire, the Black-owned all-in-one barbershop management platform, has surpassed $1 billion in payments processed, according to co-founder Songe LaRon. “It took two years to reach our first $1 million, 5.5 years to $100 million, and now we surpassed $1 billion,” said LaRon. “Every dollar reflects the hard work of our team and the dedication of the barbers we serve, and I’m deeply grateful to every shop owner, barber, and team member who’s been part of this journey.” What is Squire? Founded in 2015 by Songe LaRon and Dave Salvant, the
A new report by Dropbox DocSend has shed light on the funding divide in the tech industry, particularly regarding race and gender disparities among founders. While 2021 witnessed record-breaking levels of VC funding and increased engagement with diversity, equity, and inclusion (DEI) initiatives, 2022 proved to be more challenging for historically underfunded founders. Turning tides In 2021, VC funding for early-stage founders experienced a significant boost, with record-breaking funding levels. Historically underrepresented founders also experienced a surge of investor interest driven by DEI-related investment initiatives in response to the murder
The Migrant Accelerator (TMA), a Germany-based, early-stage startup accelerator for founders with a migration background, including Black, Indigenous, and people of color (BIPOC), has just announced its first cohort of 10 startups. TMA aims to create a softer landing and sense of belonging for BIPOC founders who encounter discrimination on a structural and individual basis. “Migrant founders in Germany are overlooked and underfunded,” said Laila Zohaib, Stuttgart-based startup coach and investor relations manager. “Since the 1960s, migrant led-businesses have served as the backbone of the local German economy and are
The dating app for Black singles, BLK, has introduced its new Father’s Day campaign “BLK DAD ENERGY.” The campaign aims to become the epicenter of Black fatherhood. It gives single fathers a community to talk, share stories, and spread love through its digital hub. BLK DAD ENERGY includes multiple sections for members to utilize, such as “Girl Dads” for fathers who want to better their relationships with their daughters and “Dating Dads,” a segment for rebuilding Black love in one’s life. For example, ”Girl Dads” features segments and videos with
This week, US east coast cities such as New York were hit with hazardous smog and smoke caused by Canadian wildfires, as the cities dealt with some of the worst air quality seen in recent history. Since Friday, over 400 wildfires have blazed through Canada, with 200 still considered out of control, said the Canadian Interagency Forest Fire. Environmental justice activists have told CNN the air is only exacerbating health risks in vulnerable Black and brown communities. Studies have shown Black, Hispanic and Asian Americans are exposed to more pollution
Helium Health, a Lagos-headquartered healthtech startup, has secured $30 million in Series B funding in the second-largest series B round for any African health tech company. Digitizing Healthcare Across Africa Founded in 2016 by Tito Ovia, Adegoke Olubusi, and Dimeji Sofowora, Helium Health has been a pioneer in is revolutionizing Africa’s healthcare sector through technology, finance, and data. The company’s suite of digital solutions includes electronic medical records, hospital management systems, insurance and billing software, and analytics tools. The company currently operates in eight countries (Nigeria, Ghana, Senegal, Liberia, Kenya,
Black Tech Week, an inclusive tech conference focused on empowering entrepreneurs of color, is set to return to Cincinnati from July 18–20. “There isn’t a single DEI talk at Black Tech Week. That’s by design,” Brian Brackeen shared on Twitter. “‘No DEI talks’ are something that we are proud of.” Brian Brackeen is the founder of facial recognition software company Kairos and managing partner at Cincinnati-based venture capital fund Lightship Capital, which invests in companies led by underepresented founders. He is also the organizer of Black Tech Week. “Black Tech
