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investment

An African startup described as the “booking.com for healthcare” by its founder has raised $1.5 million from its most recent round. RecoMed acts as a marketplace where patients can find and book services with healthcare professionals across South Africa. Sheraan Amod first founded the company after a brief stay in the U.S, where he experienced for the first time what it was like to book medical appointments online, which wasn’t the case back in his home country, South Africa. Mr. Amod then returned and created the company he refers to as

Meta4 Fund Management, a cryptocurrency-focused investment management company, today announced the launch of Meta4 NFT Fund I, LP, an investment vehicle that will buy rare specimens of non-fungible tokens. The Fund’s Managing Partners are Brandon Buchanan and Nabyl Charania. The new private investment fund has secured a lead investment from Andreessen Horowitz (a16z) a venture capital firm that backs bold entrepreneurs building the future through technology. It comes at a time when NFTs have become the most interesting, entertaining, and lucrative subsection of the cryptocurrency asset class. The Fund will invest in digital

 Ejara, a one-year-old company founded by Nelly Chatue-Diop, has raised $2 million to pioneer the use of crypto and investment services in Cameroon. CoinShares Ventures and Anthemis Group led the round. They are joined by Mercy Corps Ventures, Lateral Capital, LoftyInc Capital, and NetX Fund.  In addition, two angel investors — Pascal Gauthier of Ledger and Jason Yanowitz of Blockworks — and a syndicate social fund participated. Ejara has more than 8,000 users from Cameroon, Ivory Coast, Burkina Faso, Mali, Guinea, and Senegal, as well as French-speaking Africans in the diaspora (Europe, Asia, and

Google has announced the launch of a $50 million “Africa Investment Fund,” which will be invested in African startups.  The tech giant made its plans known at a virtual event, where CEO Sundar Pichai announced its intentions to commit $1 billion over the next five years in tech-led initiatives on the continent. Chosen companies will also be provided access to Google’s employees, network, and technologies to help them build products.  In three years, the accelerator program has supported more than 80 startups in seed to Series A stages, providing equity-free mentorship and

Startup Showdown is a unique opportunity for early-stage startups to present to well-known investors and innovators in the tech ecosystem as they look to take their company to the next level. All finalists will get the chance to pitch to VC investors but only one startup founder will walk away with $120,000 to expand their business. Hosted monthly by Panoramic Ventures, there are six open application periods and 12 events each year. September’s ‘showdown’ will be hosted live in Miami on Thursday and broadcast globally as a fully hybrid event. “Startup

Rheaply, a startup that specializes in recycling and sourcing unused items, has just announced that it received an undisclosed amount of funding from the Carbon Neutral Cities Alliance Game Changer Fund. The firm also combines a resource-sharing network with a user-friendly resource management platform. The investment is meant to help the Black-owned venture build an online exchange for building products and other resources. The exchange, which is set to launch in late 2022, will enable businesses in the greater Bay Area to access surplus and salvaged resources at cost-effective rates.

Three Black founders have walked away with enough money to make their businesses flourish after the largest Black, Indigenous, and People of Color (BIPOC) entrepreneurial competition in the nation picked them as winners. This is the fourth annual competition where five companies received $1.2 million in financial support. Metropolitan Economic Development Association – also known as Meda – was founded by a group of Minnesota business leaders looking to attack inequity within minority communities in the state. “Meda operates a growing Community Development Fund Institution (CDFI) that provides needed capital for BIPOC businesses

Black-led investment bank Loop Capital and Goldman Sachs have just announced a partnership to launch a new money market fund that will benefit Black women pursuing careers in STEM.  The two money market fund share class offerings will be available exclusively to Loop Capital and Goldman Sachs clients, and a portion of the revenue from the share classes will go to causes that impact increasing racial equity, according to a statement. The Loop Capital share classes will be offered as part of the Goldman Sachs Financial Square Government Fund and

Citi has announced its next round of investments through the Citi Impact Fund, a $200 million fund launched last year to invest in companies that are addressing some of the biggest societal challenges. Daylight, Flume, and Stackshare are among the list of companies included in the round. This brings the Impact Fund’s total number of investments to 23 companies – more than half of which are founded by women and/or minorities.  Ed Skyler, Head of Global Public Affairs at Citi, said: “The portfolio of the Citi Impact Fund keeps growing as we continue to

Google for Startups has announced the next 50 recipients of its Black Founders Fund, unveiling the next slate of trailblazers who will be receiving $100,000 in non-dilutive funding. This is the second batch the giant tech firm has supported. All 126 of them hail from all over the United States, including Georgia, Texas, New York, Alabama, California, Massachusetts, Pennsylvania, Florida, Hawaii, and Missouri. Last year, Google for Startups gave 76 Black-led startups up to $100,000 in non-dilutive funding – meaning founders did not give up any ownership in their company in exchange for

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