Karin Fuentesová started off her career in the accounting sector, where she worked for 13 years. While working there, she observed how much time is wasted by people doing mundane tasks, such as manual data entry of invoices into accounting systems. After taking notes, Fuentesová launched Digitoo, which automates manual bookkeeping processes. Founded in 2019, the founder struggled to find investors but in 2021, it raised €900k in seed funding from Czech investors Kaya VC and Nation 1. For Fuentesová this was a huge success because only 46% of founders raise more than
Nashville-based Jumpstart Nova announced its first venture fund Wednesday, with $55 million to invest exclusively in Black founder-led health care companies, according to a news release. The funding round brought together nearly 100 investors — including Eli Lilly and Company, HCA Healthcare, Cardinal Health, Meharry Medical College, Vanderbilt University, American Hospital Association, and others. Though Jumpstart is based in Tennessee, the Nova fund will have roots in Los Angeles, as well. Jumpstart Nova partner and native Angeleno Kathryne Cooper is based in L.A. and is working alongside Jumpstart co-founder Marcus
The Black Female Duo That’s Taking Mentoring To Another Level: Black Girls In Tech Founders Tell-All
Black Girls In Tech is a European-based organization focused on supporting and uplifting young women from the Black community interested in getting a foot in the tech industry. It was launched by two women, Karen Emelu and Valerie Oyiki, who admit that growing up they were never exposed to a range of industries, and instead, they were encouraged to take on the “traditional” routes, such as medicine and law. The organization was launched during the pandemic at a time when the challenges experienced by Britons and those in Ireland, where
Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round. It’s now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan, and Indonesia. It was founded by Chukwudi Enyi, Moses Nmor, and Flosbach, who were reportedly looking to develop better, ethical, and tech-inspired debt-collection tools and processes after firsthand experience working for digital lenders in Nigeria. 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures,
POCIT recently sat down with Bruce Hamilton, 30, and Mario Mitchel, 35, the founders of Mech Ventures, an early to late-stage venture capital firm that invests early in founders building fast-growing technology companies.
Tyson Clark, a general partner at Alphabet Inc.’s venture arm GV and one of Silicon Valley’s most prominent Black startup investors, has died at the age of 43. GV CEO David Krane just issued a statement about the team losing the father-of-three, writing, “With great sadness, we share the news that Tyson Clark, our friend, and GV general partner, passed away yesterday due to sudden complications from a health issue. We are stunned and shattered by this loss. “The GV team extends our deepest sympathies to Tyson’s family and loved ones.
Europe is “solidifying its place as a global tech power”, according to Atomico’s annual State of European Tech 2021 report. However, research still shows women and minorities are not being given enough investment. European tech is projected to cross the $100B milestones of capital invested in a single year, close to 3 times the level in 2020, reported Dealroom. The total number of tech companies that have scaled to $1B+ in Europe has jumped from 223 last year to 321. Large rounds ($250M+) are now the norm in Europe —
Young people are the future, and one woman, 23-year-old Dazayah Walker, is the epitome of not letting age hold you back. Walker is one of the youngest female venture capitalists, thanks to the impressive investment portfolio she manages and maintains for one of Atlanta’s most prominent entertainment labels, Quality Control. What is Quality Control? Quality Control Music is an American hip hop record label founded by Kevin “Coach K” Lee and Pierre “P” Thomas in March 2013. it’s responsible for groundbreaking acts that include Migos, Lil Baby, City Girls, Lil Yachty, and a
Platforms created by Black founders for communities of color continue to blossom. They are providing culturally competent care — acknowledging a patient’s heritage, beliefs, and values during treatment – in ways that other providers aren’t. Racial discrimination in healthcare disadvantages Black and other minority ethnic groups with unequal access to quality healthcare resources. Inspired by their own experiences, these Black entrepreneurs are launching startups that aim to close the cultural gap in health care with technology, create profitable businesses and tackle racism. R.grid Dr. Amber Michelle Hill is considered a force in the
When creating a startup, you go through a few hurdles along the way – from financial challenges to picking the right co-founder that will help spearhead the company with you. It’s never an easy journey, and you should never believe anyone that tells you otherwise, so it’s always essential to have a mentor or an advisor who can share their mistakes and lessons – so you don’t make the same errors. Unfortunately, not everyone has the privilege of landing a mentor or sponsor that will give you the time of
