VC firm Fearless Fund has faced another setback in its plans to issue grants to Black women business owners as the court has ruled against them. On Monday, an appeals court for the 11th Circuit ruled against Fearless, upholding a preliminary injunction against their Strivers Grant program. The court ruling said that the grant likely violates the Civil Rights Act of 1886, which bans the use of race in contracts. What Has Happened So Far? The American Alliance for Equal Rights (AAER), founded by Edward Blum, attacked the Fearless Fund
Viola Davis, journalist Joy Reid, and radio host Charlamagne Tha God are among the partners that have teamed up with The Grio founder David A. Wilson and tech leader Brandon John-Freso to launch ALTR. ATLR pronounced ‘alter’, is a personal development app tailored to the Black community. A Collaborative Vision for Empowerment ATLR aims to provide short-form audiobooks by Black luminaries and authors. It is currently open for early access sign-ups and is scheduled for an official launch in late 2024. The development of ALTR is in collaboration with JuVee Productions, founded by Davis
Mae Health Inc., a pioneering startup focusing on minority health, has closed an oversubscribed seed funding round led by Jumpstart Nova. This investment will enable Mae to expand its tech-enabled services and tackle the significant disparities in Black maternal health outcomes. The funding round saw contributions from a variety of investors, including the Astia Fund, Impact Engine, Joyance Partners, and Gratitude Railroad, alongside early backers like RH Capital and Bright Ventures. Tech-Enabled Solutions for Maternal Health In response to the maternal mortality rates and the prevalence of maternity care deserts,
Celebrity journalist Brownie Marie has launched a new dating app, ‘The Fox Hunters Club,’ for millennial women seeking older men. Marie is best known for her interviews with celebrities in film, fashion, and music over the past decade. Her day job as a tech executive for startups in Silicon Valley and New York City helped her in the launch of the new tech platform. The Fox Hunters Club The Fox Hunters Club is for women seeking relationships with older men; however, it clearly states that it is not an app for sugar
Professor Rose-Margaret Ekeng-Itua has become the world’s first Black woman to hold a PhD in Cybernetics, according to The Citizen. A PhD In Cybernetics Ekeng-Itua earned a degree in Cybernetics from the University of Reading in the UK under the supervision of her first PhD supervisor, Prof. Kevin Warwick, also known as Captain Cyborg. Cybernetics is the science of how information is communicated in machines and pieces of electronic equipment, compared with how information is communicated in the brain and nervous system. “Every challenge became fuel for my determination,” she said in an
50 Cent has launched a new G-Unit Studios in Shreveport, Louisiana. At 956,000 square feet, G-Unit Studios is the second largest Black-owned production studio behind Tyler Perry Studios. G-Unit Studios Lands IN Shreveport 50’s company, G-Unit Film & Television Inc., launched in 2005, currently houses his most successful television projects, such as STARZ TV series Power, which includes Raising Kanan, Force, Ghost and the series BMF. “I’m excited to announce the expansion of G-Unit Film & Television through the launch of my G-Unit Studios right here in Shreveport #allroadsleadtoshreveport,” 50 wrote on
Ovom Care, a pioneering German startup in the fertility sector, recently closed €4.8 million ($5.1 million) in seed funding to expand its services across Europe, according to Tech Funding News. Led by an all-female founding team, Ovom Care is at the forefront of integrating empathetic reproductive healthcare by using a combination of generative AI and computer vision. This investment round, led by Alpha Intelligence Capital and supported by Ananda Impact Ventures and Merantix, makes the company’s total funding €6.1 million ($6.5 million). The startup is set to open its first clinic in Portugal by late 2024,
People of color are more likely to work irregular and prolonged hours, contributing to long-term health issues, according to a new study by Wen-Jui Han, a professor at NYU Silver School of Social Work. Even among Black professionals and other minorities in office jobs, Han tells Fortune, there’s a pressure to work longer hours to succeed. Long, irregular work hours Han’s study utilized data from the 1979 National Longitudinal Survey of Youth, which tracked over 7,000 U.S. workers from age 22 to 50. She found that employees, especially people of color,
A 14-year-old passionate about technology, Sophie has developed an innovative AI chatbot focused on mental health. Mental Health meets AI Unlike the usual narratives surrounding AI, such as privacy invasion and fake news, Sophie’s AI chatbot offers hope to users. Her mother, Samantha, in a TikTok video, revealed how Sophie’s creation counters negative self-talk and mental health issues with positive affirmations and exercises in self-awareness and boundary setting. This chatbot’s introduction goes, “Humans often struggle on focusing on the present … and comparing each other to other people who we think are better, when really we should focus
The Sims franchise, hair brand Dark & Lovely, and award-winning gaming content creator Danielle “Ebonix” Udogaranya have partnered to address the lack of diversity in gaming. Introducing More Black Hairstyles In Sims Dark & Lovely, a leading hair color brand for Black women, is known for its products tailored to the specific beauty needs of Black women. Collaborating with The Sims 4 and Ugogaranya, they aim to enhance the representation of Black hairstyles within the game. This effort is to empower Black gamers to express themselves more authentically in virtual spaces. “We are excited with this
