Kiddie Kredit, a Miami-based startup founded by Evan Leaphart, has raised $1.4 million in funding to expand the reach of its financial literacy app. Investors include Nueterra Capital, Plain Sight Capital, Fuerza Ventures, Verve Capital, and former pro athletes Dwyane Wade and Baron Davis. “I was drawn to what Evan and team are working on with Kiddie Kredit. It’s important to give kids a head start and especially on the topic of credit,” said Dwyane Wade, according to Refresh Miami. teaching credit through chores The mobile app teaches kids aged
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
London-based healthcare jobs marketplace platform, Nolea Health, has secured £1 million ($1.2 million) in seed funding to tackle mental healthcare staff shortages. The financing round was led by Frontline Ventures, with participation from Calm/Storm Ventures and other notable industry figures, including Anne Heraty, ex-CEO of CPL Resources, and Mahiben Maruthappu, CEO of Cera. Nolea Health’s platform matches mental healthcare clinicians with vacant jobs across different healthcare organizations, reducing the time taken to hire staff by up to 90% and the sourcing costs by up to 85%. Addressing the mental health crisis with
BK-XL, a new Brooklyn-based early-stage startup accelerator for Black, Indigenous, and people of color (BIPOC) founders, has announced its inaugural cohort of 12 startups. With each startup receiving up to $500,000 each, BK-XL’s capital is on par with other big-name accelerators like Y Combinator, and, by relative investment size, is the largest BIPOC-focused accelerator in the US. Clara Wu Tsai, a Brooklyn Nets owner and Vice Chair of BSE Global, created the accelerator in partnership with Visible Hands, a VC firm for underrepresented founders. “We created BK-XL to identify and
Inclusive early-stage venture firm Ada Ventures‘ second cohort of its operator angel program is committing £1 million ($1.2 million) to diverse angel investors. Ada Ventures selected 20 specialist operators and founders from underrepresented backgrounds across the UK, providing them with up to £50,000 ($61,000) each to invest. The angels come from sectors across climate, software development, economic empowerment, product, and healthcare & aging. Blind scoring process The cohort was selected through an open application process and scored blindly to reduce bias. The result is one of the most diverse angel cohorts
Several Black-led venture capital firms have written an open letter in response to a Wall Street Journal (WSJ) op-ed which suggests Silicon Valley Bank’s diversity focus contributed to its collapse. Following the collapse of Silicon Valley Bank, the WSJ published an opinion piece by Kessler in which he stated: “I’m not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.” Black Women in Venture Capital, BLCK VC, 1863 Ventures, and Living Cities wrote an open letter to the Wall Street Journal editors and
The nonprofit social startup digitalundivided has released its latest Project Diane report unveiling the experiences of Latina and Black women tech entrepreneurs. Catalyzing Latina and Black women’s growth Founded in 2012, the Newark-based startup leverages data, programs, and advocacy to catalyze economic growth for Latina and Black women founders at all stages of their entrepreneurial and funding journeys. In 2016, digitalundivided launched the Project Diane Report, the first biennial demographic study that captures the experiences of Latina and Black women tech founders. “Building on the legacy of women like Diane Nash who worked
Edtech startup Kai XR has raised $1.6 million in seed funding to expand its virtual reality (VR) educational resources to one million kids across the US. Kapor Capital led the oversubscribed round, which included Mitchell Kapor Foundation, American Family Insurance Institute for Corporate and Social Impact, and others. The Oakland-based edtech startup is making education more accessible through inclusive mixed-reality spaces that allow children to explore, create, and learn. From education to innovation Kai Frazier founded Kai XR in 2018. Through her time as an educator in the classroom and in museums,
