Black-owned African integrator system, Bluechip Technologies, has announced its expansion to Europe amid growing demand. Bluechip Technologies, co-founded in 2008 by Kazeem Tewogbade and Olumide Soyombe, is a software company that works to provide business solutions and strategies to companies. The Nigeria-based organization focuses exclusively on assisting companies in planning, designing, implanting, and operating business application solutions. The organization gathers data from multiple sources and translates it into information that can help organizations understand trends. This process also allows them to assist businesses with understanding data to make better decisions
Black Business Month is well and truly underway. To celebrate, video-sharing platform TikTok has announced it is now accepting applications for its third annual ‘Support Black Businesses’ accelerator program. The accelerator program, launched in 2020 in the wake of the George Floyd protests, aims to help elevate the voices of Black-owned businesses on TikTok. Through the initiative, Black entrepreneurs will have exclusive access to resources, benefits, and networking opportunities. The program will also offer entrepreneurs custom virtual training sessions across four weeks to help them accelerate their business on TikTok.
“If I have to choose between building my tennis resumé and building my family, I choose the latter.” World acclaimed tennis player Serena Williams recently announced in an interview with Vogue that she would be stepping away from tennis and “evolving away from the sport,” – so what does the future look like for Williams? Two years ago, Serena Williams launched her first-ever venture capital firm, Serena Ventures. Williams has used her platform to invest in early-stage companies and has also carried out five exits valued at over $100 million.
Talent x Opportunity has announced the launch of its third cohort. The initiative, designed to support artistic geniuses with the tools they need to scale and grow, welcomed a new set of founders for this year’s program. The TxO program, founded by venture capital firm Andreessen Horowitz (known as “a16z”), works to help accelerate the growth and impact of upcoming tech companies. They select elite entrepreneurs and prepare them with the ideal tools to build and expand their companies. Here are five founders joining the TxO community in Fall 2022.
Lagos-based utility company, Beacon Power Services, has closed a seed round of $2.7 million. The funding round led by Seedstars African also saw venture capital firms Keeple Africa Ventures, Factor[e], and Ordiun Capital Management participate in the funding round. Beacon Power Services, founded in 2013 by Bimbola Adisa, is a leading provider of data and grid management solutions for Africa’s power sector. The platform, established to address Nigeria’s inadequate electricity supply, aims to enhance energy access for Africa’s cities significantly. Beacon Power’s primary goal is to improve the quality and duration of electricity
Digital investment platform, Stackwell Capital, has raised $3.5 million. The funding round was led by Michael Gordan, president of Fenway Sports Group, Jeremy Sclar, and The Kraft Group. Venture capital firm Shea Ventures, SSC Venture Partners, Shorehaven Wealth Partners, and Theo Epstein, a consultant to Major League Baseball, also participated in the funding round. Stackwell Capital, founded in 2021 by Trevor Rozier-Byrd, is a digital investment platform created to eliminate the racial wealth gap by empowering a new community of Black investors. In addition, the platform works to provide Black
Black Business Month has officially arrived. To kickstart this month, online marketplace, FLOURYSH, has announced its partnership with e-commerce platform, Shopify, to help elevate 1 million Black-owned businesses, providing them with the necessary tools needed to scale and grow. The FLOURYSH x Shopify partnerships aim to address the lack of access to information, a common setback for aspiring entrepreneurs. According to the press release, Black business owners receive a 120-day free trial on the e-commerce platform. “The partnership came to be because of our continued commitment to providing resources and
Black-owned digital marketplace, Clutch, has raised $1.2 million in a pre-seed investment fund. The funding round which Precursor Ventures led also included Capital Factory and HearstLab. Clutch, co-founded in 2020 by Madison Long and Simone May, is a digital marketplace for emerging brands and creators. According to the outlet, Long and May built the platform to provide a space where creators can launch, market, and grow their side hustles. Clutch works to create a world where authentic, engaging work supports a more sustainable, equitable lifestyle. As a people-first platform, creators
The Black Girl Magic Digital summit, which has returned for its fourth consecutive year of programming, will allow small-business female-owned entrepreneurs to qualify for a prize pool of $100,000 in grants. The summit, produced by Boss Women Media production, aims to educate, empower, and equip Black women. The summit’s goal will be to celebrate and support thousands of global attendees, including a network of corporate professionals, entrepreneurs, and student changemakers. “We are on a mission to provide Black women with the tools and education they need to take the next
Black-owned VC firm, Cornerstone has launched its first-ever investment fund to help support entrepreneurs from diverse backgrounds. The £20 million ($23.9 million) fund aims to give early-stage tech companies between £250,000 and £1 million, based in the UK and across 40 countries. Cornerstone VC wants to help change the situation, to make the investment world a lot more diverse by backing unrepresented and undervalued founders and innovators. “We believe diversity is key to driving outperformance. Contrary to perceptions around a pipeline problem, that there aren’t enough diverse entrepreneurs to invest
