Posts in Tag

investment

Billionaire Silicon Valley mogul, Adam Neumann, has bounced back from the spectacular failure of WeWork to become the face behind a $1 billion residential real estate company, Flow.  According to Bloomberg, venture capital powerhouse Andreessen Horowitz has pledged approximately $350 million to kickstart Neumann’s newest venture. This investment will be the largest check written for single funding round, in the fund’s history, according to the New York Times – and it’s got everyone on the internet talking.   Failing upwards Neumann’s new business venture comes three years after the world witnessed the meteoric

Miami-based cybersecurity startup, Lumu, has closed an $8 million investment round. The funding round led by Panoramic Ventures also included SoftBank Group’s SB Opportunity Fund, KnowBe4 Ventures, Land Bess, a former Zscaler, and Tom Noonan, former CEO at Internet Security Systems.  Lumu, founded in 2019 by Ricardo Villadiego, is a cybersecurity company that helps businesses identify and isolate cyber-compromise in real-time. The platform identifies and isolates potential threats, attacks, and adversaries affecting enterprises. As more nation-state criminal groups continue targeting everything from business IP to government secrets, Lumu’s services have proven to

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-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

California-based VC firm, L’Attitude, has launched its new fund to support early-stage Latino founders.  The investment firm raised $100 million from big-name investors, including Bank of America, Trujillo Group, Barclays, Cisco, Royal Bank of Canada, and a “strategic anchor investment” from JPMorgan Chase.  According to the outlet, Latino business owners have grown 34% over the last decade. Yet, despite this, 72% of Latino entrepreneurs face funding shortfalls, with a large majority relying on personal savings, and only 1.8% are venture-backed.  L’Attitude, founded in 2019 by Kennie Blanco and Sol Trujillo,

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

The Judee von Seldenec (JVS) Philadelphia Fund for Women has invested $500,000 in Black-owned hair product line, Naturaz. The investment fund, which marks JvS’ commitment to investing $2 million in women entrepreneurs, will financially support nine technology-based ventures based in Philadelphia. The extra funding aims to help close the funding gap, disproportionally impacting Black and Hispanic women founders.  Naturaz, founded in 2017 by Mumbi Dunjwa, is a hair product line based in Philadelphia that manufactures and sells vegan hair products for curly hair. Dunjwa uses her experience in chemistry, health,

Financial group, BMO, has unveiled new plans to invest $650,000 in business hubs based in Madison. This includes two Black-owned business hubs, Urban League of Greater Madison’s Black Business Hub and The Center for Black Excellence and Culture business. The financial firm aims to develop the Madison community and create greater access to opportunities for BIPOC in the banking industry. The investment of $250,000, which will be given to each company across five years, will work to help talented Black people build their careers by providing economic growth and prosperity

Vice President Harris has announced new public and private sector that aims to align the government with a coalition of companies and foundations to address economic disparities. The initiative, spearheaded by solutions firm Next Street, will see a community of investors make significant contributions to BIPOC businesses by connecting them with investments made by the Biden-Harris administration.  The EOC consists of executive leaders from giant companies, including Bank of America, Capital One, Goldman Sachs, Google, Mastercard, Netflix, PayPal, and more. In addition, the community has already invested billions of dollars

Investment firm Twenty Five Ventures recently announced the launch of their diversity fund: 25V Diversity Fund. The venture capital firm aims to invest up to $10 million in early-stage real estate, property, and fintech startups led by Black and Latinx entrepreneurs.  Twenty-Five Ventures, founded in 2020 by Maximillian Diez, works to create an entrepreneurial ecosystem that allows everyone to access financial and knowledge-based resources where founders and investors can thrive.  According to a Crunchbase report, Black and Latinx founders receive less funding than non-minority counters. So, despite recent figures showing

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