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Black Women

Ingressive Capital, a $10 million venture capital fund launched by Maya Horgan Famodu with its headquarters in Nigeria, celebrated a five-year-mark last week. Horgan Famodu launched Ingressive when she was just 25. Today, at the age of 31, her fund is focused on leveling the playing field for female entrepreneurs: about 40% of its portfolio companies are founded or co-founded by women. In 2020, Ingressive doubled its fund to $10 million, with backers that include Nigeria’s sovereign wealth fund, Michael Seibel of Y Combinator, Techstars, and others. The fund that invests

Black-owned tech startup, Readyhubb, has launched a new website booking service to empower appointment-based professionals across the U.S. Readyhubb, founded in 2022 by Chidi Ashley, is a booking platform that caters to many industries. The app streamlines all aspects of the booking process by designing a system that minimizes the number of daily tools professionals need to manage. Businesses that have a presence on social media and may not have a proper booking and client management system will benefit hugely from this platform. Not only does it provide an easily

Marketplace website MinorityBiz has a 51-page directory to find, compare, and hire minority- and Black-owned businesses across the U.S. to service your company’s needs. It’s not the only directory out there that’s trying to shine a light on Black professionals and their ventures. Here is a list of online directories to help you find the right Black-owned business partners for your needs. We will continue to update this list as we find more resources.  Official Black Wall Street Official Black Wall Street hosts a variety of local and online consumer products as well as business

Founder of Beauty Concepts, Cydnie Lunsford, has filed a lawsuit against Kim Kardashian after alleging that the business owner stole the name of her salon service named SKKN+. Black-owned beauty business, SKNN+ was founded by Cyndie Lunsford almost four years ago and offers women a wide range of aesthetic body products. The brand provides a hands-on transformative experience to all clients and helps them embrace new and healthier skincare habits. In 2018, Lunsford trademarked the name of her business just two days before Kim Kardashian made it to the trademark

According to Zion Market Research, the digital mental health market was valued at $1.4 billion (£1.1billion) in 2017 and is projected to reach $4.6 billion in 2026. Still, it has often been claimed that many of these apps do not cater to the specific challenges that Black, Indigenous, and people of color face. That’s why we’ve dug a bit deeper to find the apps that put inclusion and diversity at the forefront of their mission and have a mission to ensure everyone gets support. Therapy for Black Girls  Therapy for

Founder and CEO of mental health tech startup MindRight Health, Ashley Edwards, has raised $1.78 million in seed funding. The funding round led by investment platform Lifeforce Capital included existing investors Acumen America and Impact America Fund. New investors included Hopelab Ventures, Gaingels and Impact Assets, and Pivotal Ventures.  Edwards previously raised $1 million for MindRight Health in 2020. In doing so, became one of only 35 Black women in the US, and was reportedly the first Black woman in New Jersey, to achieve this level of VC funding. This

Shonda Rhimes and Netflix are partnering on The Producers Inclusion Initiative and The Ladder. These are two new and paid programs to expand opportunities for emerging creatives in TV and film, according to The Hollywood Reporter. Both initiatives are a part of Rhimes’ commitment to expanding the representation of those in front of and behind the camera and they are also underwritten in part by Netflix’s Fund for Creative Equity. According to a post from Netflix back in February, “the Fund has already committed $14.5 million toward programs that help

According to the New York Times, federal civil rights prosecutors are now investigating Wells Fargo’s hiring practices. The launch comes weeks after we reported that some Wells Fargo managers had conducted fake interviews with Black and female job applicants. Seven current and former employees, including one former executive, told The Times that they were instructed to interview women and people of color for already filled roles. These efforts, they said, appeared to be a way to show a record of diversity efforts rather than actually hire diverse candidates. The current Wells

E-commerce platform Gander announced today the closing of a $4.2 million seed round co-led by Harlem Capital and Crossbeam Venture Partners. Gander, which collects and embeds user-generated video content into retail sites so shoppers can see what a product looks like in real life, was launched in late 2021. It also has a creator marketplace, which gives brands direct access to the video content. This round adds the startup’s founder Kimiloluwa Fafowora, 26, to the growing list of Black women who have raised $1 million or more in VC funding.

Balancing entrepreneurship and childcare can be a daunting task, made worse by the pandemic. The rising costs of childcare in the UK and the USA are forcing an increasing number of primary caregivers – the majority of whom are women – to juggle both business and caring for their children. Thousands of childcare centers that closed temporarily because of lockdowns are still at risk of shutting permanently. These centers tend to be low-margin businesses with low levels of cash reserves and may not be able to reopen due to the additional expenses

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