In Baltimore, a new social shopping platform, Xclusit, is transforming consumers’ engagement with Black-owned businesses. Vincent Johnson’s Journey Vincent Johnson, an Ellicott City-based entrepreneur and the CEO of Xclusit, crafted the platform to empower Black businesses. Johnson, a Vanderbilt University graduate with a master’s in divinity, initially focused on Black economics. His passion for entrepreneurship led him away from pursuing a PhD, instead dedicating himself to developing tech solutions that support Black-owned businesses. His journey in the tech world began with his first app, Coupify. Still, through direct engagement with
Brennan Nevada Inc., reportedly New York’s only Black woman-owned PR and media agency for tech companies, has partnered with SoLo, the US’s largest Black-owned personal finance company. Building Brennan Nevada Inc Founded by Brennan Nevada Johnson in 2021, the agency has quickly established itself as a formidable force in the industry. Johnson, a descendant of Carter G. Woodson, the founder of Black History Month, channels her heritage into her work, emphasizing the promotion of Black and BIPOC stories in the tech world. Johnson’s background in journalism and experience in a
Billionaires Mark Cuban and Michael Rubin agreed to invest $300,000 in Black-owned AI startup Bot-It, on a recent episode of ABC’s Shark Tank. Founded by Maurice Bachelor and Joel Griffith, Bot-It lets users automate online tasks like booking appointments, making restaurant reservations, and even securing concert tickets. Bot-It Bot-It is a new service that introduces web automation to everyday people without requiring any coding or technical skills to set up. Bachelor conceived the idea after seeing a friend struggle with completing an online task, and after searching the internet for
The StoryGraph, a Black woman-owned cataloging web platform for books, took to X, formerly Twitter, announcing they have had to take their platform offline to upgrade its servers. The StoryGraph The StoryGraph, founded by Nadia Odunayo, is a competitor of Amazon-owned social cataloging platform Goodreads as it uses a freemium model, with some features only available in a subscription plan. Founded in 2019, StoryGraph was initially a side project for tracking books. After studying at Oxford University, Odunayo went into the world of software engineering but, in 2019, decided to work
Morgan Stanley Investment Management (MSIM) has announced the close of its Morgan Stanley Next Level Fund, aimed at early-stage tech companies led by underrepresented entrepreneurs. The fund has closed at its target size of $50 million of total capital commitments with investors including Hearst, Microsoft, and Walmart. Morgan Stanley’s Next Level Morgan Stanley’s Next Level is MSIM’s impact-focused private equity business. It makes privately negotiated equity and equity-related venture capital investments in primarily stage tech and tech-enabled companies with women or underrepresented founders as part of the founding team. “We
Black Black Friday is a new initiative in Seattle that encourages residents to spend money at local, Black-owned small businesses. Statistics show that 7.9% of Seatlle’s population is Black, with less than 1% of their businesses Black-owned. Five times as many of these businesses are closing down compared to white-owned companies. This is why Black Black Friday was created, empowering Seattle’s Black-owned businesses by bringing the entire community on board. Black Black Friday Black Black Friday is organized by Intentionalist – a company that helps people support local, diverse small businesses. Intentionalist
As Black Friday approaches, consumers prepare for the year’s busiest shopping day. As Black-owned businesses gain recognition for innovation and creativity, we have compiled a list of Black-owned Amazon alternatives for your holiday shopping this year. HellaBlack HellaBlack began in 2019, founded by computer scientist Love-Leigh Trimiew and her cousins Layla Nielsen and Natalie Robinson. Together, they created a shopping experience connecting brands to a broader audience, becoming a site that encourages Black businesses to tell their stories. HellaBlack is committed to providing a best-in-class e-commerce experience with the most
Black-owned VC firm Cornerstone V.C, which boasts a diversity-led investment thesis, has hired its first female partner Ella Wales Bonner. Bonner will spearhead the development of Cornerstone’s in-house coaching practice to support the leadership potential of its portfolio companies. Who Are Cornerstone V.C.? Born out of a Black-led angel group, Cornerstone Partners, Cornerstone V.C. firm was founded by Rodney Appiah, Edwin Appiah, and Wilfred Fianko. The early-stage venture capital firm invests in innovative B2B technology solutions in the U.K., launching its first £20 million ($23.9 million) fund last year. Cornerstone V.C. invests in many more
seeCOLe (see Clinical Data On Lens) is a wearable augmented reality health app revolutionizing how clinicians interact with electronic health records in real time. Using the app, healthcare professionals can interact with patient data using voice commands, removing the need to navigate patient records manually. CEO, founder, and lead developer Carl Osborne told POCIT about the pioneering spirit behind the app’s creation and how he hopes to make a lasting impact on the healthcare system. Inspired by Mary Seacole Jamaican-British nurse Mary Seacole inspires the company’s name. During the 19th-century Crimean War, Seacole
The Black community makes up over a fifth of New York City’s bustling population but accounts for just 2% of its small business owners. This Juneteenth, the New York City Department of Small Business Services (SBS) unveiled its enhanced directory of Black-owned businesses, Shop Black NYC. Shop Black NYC: An Online Business Directory Spearheaded by SBS’s Black Entrepreneurs NYC (BE NYC), the directory has grown to showcase over 3,300 Black-owned businesses since its launch in 2022. The online directory allows users to search for businesses based on product or service,
