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Venture Capital

Marcy Venture Partners, the venture firm co-founded in 2018 by Jay-Z, has just closed its second fund with $325 million in capital commitments. The firm describes itself as having a “consumer, culture and positive impact” investment strategy. The team has so far written checks to at least 21 companies, including Rihanna’s lingerie company Savage X Fenty. Earlier this year, they also began investing in crypto projects, supporting Bitski, a San Francisco-based startup NFT marketplace, and investing more recently in spatial LABS (sLABS). This tech incubator focuses on metaverse and blockchain-based

Former NFL player Gerome Sapp’s fintech startup, Rares, has just earned $4 million in a seed funding round. MaC Venture Capital led the round on October 11, and other participants included Cake Ventures, Portfolia Rising America Funds I and II, Evolution VC, W Fund, and Gaingels, according to a press release. Launched in April of 2021 by the former NFL player, Rares offers its users fractional ownership through “rare, high-priced sneakers.” The platform’s mission is to give back to the Black community by providing access to the sneaker market “by

In the US, accelerators like Techstars and Y Combinator are the most active investors in Black founders, followed by early-stage investors like Backstage Capital and Kapor Capital that focus on diverse founders. As we already know, Black founders often get a small portion of the pie when it comes to investment – which is why it’s essential to highlight the VCs dedicated to investing in minority communities and those who have a history of supporting under-appreciated groups. We’ve sifted through a list created by the Black Founders list of VC firms across the US that

Yonas Beshawred, the CEO of StackShare and countless other ventures, is the man not afraid to tell it as it is. Diversity in the tech industry is a significant problem, and the figures for Black and Latino VCs are damning, but Mr. Beshawred is determined to make a change. His venture, StackShare, a platform that allows software developers and tech companies to share their tools and how they use them, has gone from strength to strength. Earlier this week, the firm even announced that it reached 1M developers, engineers, CTOs,

When it comes to Venture Capital, the UK is far from meeting the necessary targets for diversity, particularly when it comes to the Black community. But Black VCs up and down the country are not staying silent anymore, and many of them are becoming more and more vocal on the lack of diversity in the sector, with some taking matters into their own hands to make an active change. From blogs and podcasts that advise new founders, group mentoring sessions to even launching their own firms specifically for Black aspiring VCs

Latinx women are severely underrepresented in technology and Venture Capital—as are Latinx people in general. For example, while a dismal 0.2% of all venture capital goes to Black women in the US, a mere 0.4% goes to Latinx women. According to a new report published by Project Diane, of the Latinx women who are reported to have received that 0.4% [of the $400 billion in venture capital funding between 2009 and 2017], only 58 ever raised over $1 million, But there are five women who are making great strides in the venture capital

Hi there! You’ve likely landed on this page because you heard that, along with my co-founder Jesse Middleton, I launched a venture capital fund called The Community Fund. You’re likely wondering “what is this fund about and who is Lolita Taub?” Well, the short of it is that through the fund, we’ll invest in community-driven companies destined to become unicorns through an investment team, taking a page from XFactor’s playbook. As for me, I’m an unlikely VC fund manager. Yes, I have fourteen years of experience as an operator and investor in

We are living through the strangest of times. As the impact of the COVID-19 pandemic continues to unfold, we are in an unknown period of uncertainty. My thoughts are with everyone who has been affected. To think that just two months ago it was business as usual. As a Principal and Founding Member at Impact X Capital LLP Partners, a Black-led VC which invests in companies led by underrepresented founders, I was having frequent meetings with entrepreneurs and attending events. Today I am sitting here reflecting on the past 15

A key component of our thesis at HBCUvc is how university-affiliated networks influence venture capital ecosystems. According to Richard Kerby’s “Where Did You Go to School?” — forty percent of venture capitalists attended Stanford or Harvard. Stanford and Harvard are also ranked as the top two universities for producing the most funded startup CEOs. I wanted to know which HBCUs are already producing talent in the venture capital ecosystem. I compiled a list of 59 HBCU grads who are working in venture capital or have worked in the industry in the past five years.