Danish investment firm, Unconventional Ventures (UV), recently announced the launch of their new fund of €30 million (approx. $30.5 million) to support underrepresented founders across Europe. The fund was launched by UV to get more money into the pockets of “unconventional founders,” will work to address the lack of diversity in Europe’s start-up ecosystem. Nora Bavey, Tea Messel, and Bradley Leimer co-founded UV in 2017 with the aim of shaking up Europe’s VC space for good. The team, which has formed an extensive pool of diverse investors and advisors, will
The cryptocurrency market has drastically fallen over the years, with the market decreasing in value by more than $1 trillion. The recent downfalls have shaken the entire cryptocurrency market and resulted in many Black investors experiencing severe losses. One of the most popular cryptocurrencies, Bitcoin, fell below $20,000 for the first time in 2020 and has been steadily declining by more than 70%. Over the past seven months, its value has shrunk more than ever, consequently impacting millions of investors in the cryptocurrency market. According to the Financial Times, 25%
Founder and CEO Chandler Malone’s tech startup ‘Bootup’ has reportedly raised $2.1 million in seed-round from all Black investors. The product was first launched in July 2021 during what was considered the pandemic’s peak where dozens of countries were thrown into lockdown. Bootup, which focuses on sourcing and hiring non-traditionally trained talent for a range of companies, is said to have grown rapidly, increasing revenue 100% month over month from July through November to a seven-figure run rate, while developing relationships with over 80 employers and 125 tech training programs, according
