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Black Business

Virtual trucking carrier CloudTrucks has secured a $115 million Series B funding round on a reported $850 million valuation, according to Forbes.  The firm, which provides a tech platform that helps small trucking businesses manage their administrative duties, including scheduling, instant payments, expense tracking, was founded by Tobenna Arodiogbu, Jin Shieh, and George Ezenna back in 2019. Tiger Global led its Series B round with Menlo Ventures, Flexport, Michael Ovitz, and Opendoor CEO Eric Wu. The round also includes follow-on investments from Caffeinated Capital, Craft Ventures, Khosla Ventures, Abstract, BTV, and Kindred Ventures. This Series B comes

The Parent Company — a publicly traded U.S. cannabis organization backed by Jay-Z — has named Tiffany Mcbride the managing director of its social equity ventures. She will oversee The Parent Company’s Social Equity Ventures program and help identify more minority entrepreneurs working in the cannabis sector to offer them capital and mentorship. “This is an exciting time to join The Parent Company as the Managing Director of Social Equity Ventures to continue to ensure that minority communities have a seat at the table in the cannabis industry,” McBride said in a press

Greenwood, a mobile banking platform described as doing it for the culture, seeks to support the Black and brown community in their endeavors to generational wealth. Co-founded by former Atlanta Mayor Andrew Young, rapper-activist Michael “Killer Mike” Render, and Bounce TV founder Ryan Glover, Greenwood is not a bank itself; instead, it features banking services provided by Coastal Community Bank and will eventually provide financial management services. It reinvests in Black and Latino communities through monthly grants and recently launched a podcast group that specializes in financial literacy and investment

SaLisa Berrien, who recently received a $100,000 Black Founders Fund award from Google for Startups, is expanding COI Energy, a Tampa-based company, across the United States. Recognized by Jason A. Scott last year as one of 30 U.S. black founders to watch in 2021,  Berrien was one of 50 companies to receive a $100,000 Black Founders Fund award from Google for Startups. She participated in Google Startups for Women, which she completed last December, and has raised $2 million-plus in funds. Now her goal is to make her firm a global company. With just

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

According to Inc, Black founders reportedly raised nearly $1.8 billion in the first half of 2021, more than four times the capital raised the same time last year. And stats released by Crunbase showed that Black startup owners raised $400 million in the first six months of 2020 and are already exceeding full-year funding totals for 2020 and 2019 when they raised $1 billion and $1.4 billion. Founders from the community are said to have raised “record amounts of venture capital” in 2021. Still, if we dig a bit deeper, the

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

Compton rapper YG is giving more underprivileged communities access to mental health resources and medical care by expanding his 5G TeleHealth Vans program. The news comes days after The West Coast emcee, his TeleHealth program with Todd Gurly and Dion Rambo, and the City of Hawthorne came together to celebrate the addition of three 5G-enabled vans. The vehicles transport internet-connected telecommunications, teleconferencing, and video-conferencing devices and services/computer applications” to underserved areas, allowing virtual meetups between physicians and those in need. “TeleHealth Van is a service that we created for the people in

In June last year, in the midst of violence and a pandemic ravaging the streets of US cities – Justin Shaw built Black Money Builder, a fundraising platform to “empower your community and empower yourself.” Its ultimate goal is to help Black communities rebound from the virus by providing financial relief and bring awareness to current issues that affect the communities worldwide and provide a sense of urgency with potential solutions. The crowdfunding platform also provides Black entrepreneurs a space to build capital and help seed Black visionaries from artists,

The climate of today means if you want to reach a widespread audience you need to utilize social media. One key tool for founders and those looking for new tech opportunities is Linkedin – it’s the place to go for job offers, meeting potential investors, building your company and personal brand, and networking. With more than 774 million members and its focus on business, LinkedIn offers a valuable opportunity for industry professionals to support their businesses marketing goals. From my experience, it seems to be the best place for building connections with

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