Nigerian startup Stears has announced a $3.3 million seed round led by MaC Venture Capital which included Serena Ventures. What started as a written media publication by a group of Nigerian graduates is now a growing data insights company with its sights set on rivalling the likes of Bloomberg. Backed by Serena Ventures Serena Williams was playing in the US Open when the seed round for Stears came together. Nevertheless, according to Serena Ventures’ founding general partner, they were keen to invest and fought “tooth and nail” to get in.
Capital G, Alphabet’s independent growth fund, has announced that seven Black-owned VC firms will join the Alphabet family as a part of the program’s $100 million commitment to investing in Black founders. According to data, only 4% of the US venture capital workforce and 1.2% of VC-backed founders are Black. The lack of diversity within the venture capital space has a knock-on effect on the number of Black-owned businesses that receive extra funding or investments. After years of leading a large team focused on investing in Black-led VC funds, startups,
Tennis legend Serena Williams has been announced as the keynote speaker for the Black Tech Week Conference, scheduled to take place in Cincinnati, OH, July 18-22. Black Tech Week, founded by Felecia Hatcher and Derick Pearson in 2016, is a minority-centered ecosystem-building festival that partners with founders, corporations, and the community to create a valuable experience for all investors, entrepreneurs, and techies of all kinds to enjoy. The event is committed to bringing Black tech founders, influencers, and innovators together to create memorable experiences centered around Black culture and inclusive